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Net (Loss) Income Per Share
9 Months Ended
Feb. 02, 2020
Earnings Per Share [Abstract]  
Net (Loss) Income Per Share

15. Net (Loss) Income Per Share

Basic net (loss) income per share is computed using the weighted-average number of shares outstanding during the period. Diluted net (loss) income per share uses the weighted-average number of shares outstanding during the period plus the dilutive effect of stock-based compensation calculated using the treasury stock method.

Weighted average shares used in the computation of basic and diluted net (loss) income per share follows:

 

 

 

Three months ended

 

(amounts in thousands)

 

February 2,

2020

 

 

January 27,

2019

 

Weighted average common shares outstanding, basic

 

 

12,409

 

 

 

12,438

 

Dilutive effect of stock-based compensation

 

 

 

 

 

27

 

Weighted average common shares outstanding, diluted

 

 

12,409

 

 

 

12,465

 

 

During the three-months ended February 2, 2020, 10,793 shares of unvested common stock were not included in the computation of diluted earnings per share, as we incurred a net loss for that reporting period. During the three-months ended January 27, 2019, 723 shares of unvested common stock were not included in the computation of diluted earnings per share as their effect would be antidilutive.

 

 

 

Nine months ended

 

(amounts in thousands)

 

February 2,

2020

 

 

January 27,

2019

 

Weighted average common shares outstanding, basic

 

 

12,405

 

 

 

12,488

 

Dilutive effect of stock-based compensation

 

 

16

 

 

 

105

 

Weighted average common shares outstanding, diluted

 

 

12,421

 

 

 

12,593

 

 

During the nine-months ended February 2, 2020, 5,853 shares of unvested common stock were not included in the computation of diluted earnings per share as their effect would be antidilutive. During the nine-months ended January 27, 2019, all unvested shares of common stock were included in the computation of diluted earnings per share.