Earnings (Net Loss) Per Share

3 Months Ended

Jul. 31, 2011

Earnings (Net Loss) Per Share

Earnings (Net Loss) Per Share

NOTE D--EARNINGS (NET LOSS) PER SHARE

The following table sets forth the computation of basic and diluted earnings (net loss) per share:

	Quarter Ended
	July 31
(in thousands, except per share amounts)	2011	2010
Numerator used for both basic and diluted earnings (net loss) per share:
Net loss	$ (2,716)	$ (3,418)
Denominator:
Denominator for basic earnings (net loss) per share-weighted average     shares	14,300	14,222
Effect of dilutive securities:
Stock options	0	0
Denominator for diluted earnings (net loss) per share-weighted average shares and assumed conversions	14,300	14,222
Net loss per share
Basic	$ (0.19)	$ (0.24)
Diluted	$ (0.19)	$ (0.24)

Potentially dilutive securities of 148,000 and 42,000 shares have not been considered in the calculation of net loss per share for the quarters ended July 31, 2011 and 2010, respectively, as the effect would be anti-dilutive.