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Net Income (Loss) from Continuing Operations Per Share
12 Months Ended
May 02, 2021
Earnings Per Share [Abstract]  
Net Income (Loss) from Continuing Operations Per Share

16.

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:

 

(in thousands)

 

2021

 

 

2020

 

 

2019

 

weighted-average common shares outstanding, basic

 

 

12,300

 

 

 

12,378

 

 

 

12,462

 

dilutive effect of stock-based compensation

 

 

22

 

 

 

 

 

 

86

 

weighted-average common shares outstanding, diluted

 

 

12,322

 

 

 

12,378

 

 

 

12,548

 

 

 

During fiscal 2021, 2,175 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, due to 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 stock-based compensation awards.

 

During fiscal 2020, 45,731 shares of unvested common stock were not included in the computation of diluted net loss from continuing operations per share, as their effect would be antidilutive. Of the 45,731 shares of unvested common stock, 26,343 shares were not included in the computation as we incurred a net loss for the year, and therefore, their effect would be antidilutive. In addition, 19,388 shares of unvested common stock were not included in the computation as their effect would be antidilutive due to 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 stock-based compensation awards.

 

During fiscal 2019, all unvested shares of common stock were included in the computation of diluted net income from continuing operations per share.