Earnings (Net Loss) Per Share

9 Months Ended

Jan. 31, 2012

Earnings (Net Loss) Per Share [Abstract]

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:

	Three Months Ended						Nine Months Ended
	January 31						January 31
(in thousands, except per share amounts)	2012			2011			2012			2011
Numerator used for both basic and diluted earnings (net loss) per share:
Net loss	$	(9,114	)	$	(5,828	)	$	(14,806	)	$	(16,630	)
Denominator:
Denominator for basic earnings (net loss) per share-weighted average shares		14,362			14,263			14,331			14,242
Effect of dilutive securities:
Stock options and restricted stock units		0			0			0			0
Denominator for diluted earnings (net loss) per share-weighted average shares and assumed conversions		14,362			14,263			14,331			14,242
Net loss per share
Basic	$	(0.63	)	$	(0.41	)	$	(1.03	)	$	(1.17	)
Diluted	$	(0.63	)	$	(0.41	)	$	(1.03	)	$	(1.17	)

Potentially dilutive securities of 119,000 and 130,000 shares for the three-month periods ended January 31, 2012 and 2011, respectively, and 129,000 and 68,000 shares for the nine-month periods ended January 31, 2012 and 2011, respectively, have not been considered in the calculation of net loss per share, as the effect would be anti-dilutive.