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Net Income (Loss) from Continuing Operations Per Share
6 Months Ended
Nov. 01, 2020
Earnings Per Share [Abstract]  
Net Income (Loss) from Continuing Operations Per Share

13. Net Income (Loss) from Continuing Operations Per Share

Basic net income (loss) from continuing operations per share is computed using the weighted-average number of shares outstanding during the period. Diluted net income (loss) from continuing operations 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 income (loss) from continuing operations per share are as follows:

 

 

 

Three months ended

 

(amounts in thousands)

 

November 1, 2020

 

 

November 3, 2019

 

Weighted average common shares outstanding, basic

 

 

12,298

 

 

 

12,408

 

Dilutive effect of stock-based compensation

 

 

26

 

 

 

 

Weighted average common shares outstanding, diluted

 

 

12,324

 

 

 

12,408

 

 

During the second quarter of fiscal 2021, 1,101 shares of unvested common stock were not included in the computation of diluted net income from continuing operations per share, as their effect would be antidilutive resulting from the decrease in the price per share of our common stock during the reporting period in relation to the price per share of our common stock as of the respective grant dates of our outstanding stock-based compensation awards. 

 

During the second quarter of fiscal 2020, 6,938 shares of unvested common stock were not included in the computation of diluted net income from continuing operations per share, as their effect would be antidilutive as result of the decrease in the price

per share of our common stock during the reporting period in relation to the price per share of our common stock as of the respective grant dates of our outstanding stock-based compensation awards.

 

 

 

Six months ended

 

(amounts in thousands)

 

November 1, 2020

 

 

November 3, 2019

 

Weighted average common shares outstanding, basic

 

 

12,293

 

 

 

12,403

 

Dilutive effect of stock-based compensation

 

 

 

 

 

10

 

Weighted average common shares outstanding, diluted

 

 

12,293

 

 

 

12,413

 

 

 

During the first half of fiscal 2021, we did not include a total of 38,313 shares of unvested common stock in the computation of diluted net loss from continuing operations per share. Of the total 38,313 shares of unvested common stock, (i) 26,099 shares were antidilutive resulting from the decrease in the price per share of our common stock during the reporting period in relation to the price per share of our common stock as of the respective grant dates of our outstanding stock-based compensation awards and (ii) 12,214 shares were antidilutive as we incurred a net loss during the reporting period.

 

During the first half of fiscal 2020, 1,407 shares of unvested common stock were not included in the computation of diluted net income from continuing operations per share, as their effect would be antidilutive, as result of the decrease in the price per share of our common stock during the reporting period in relation to the price per share of our common stock as of the respective grant dates of our outstanding stock-based compensation awards.