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Earnings (Net Loss) Per Share
 12 Months Ended
Apr. 30, 2012
Earnings (Net Loss) Per Share [Abstract]  
Earnings (Net Loss) Per Share

Note F -- Earnings (Net Loss) Per Share

 

The following table summarizes the computations of basic and diluted earnings (net loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

FISCAL YEARS ENDED APRIL 30

 

(in thousands, except per share amounts)

 

2012

 

 

2011

 

 

2010

 

Numerator used in basic and diluted earnings (net loss) per common share:

 

 

 

 

 

 

 

 

 

Net loss

$

(20,786)

 

$

(20,018)

 

$

(22,341)

 

Denominator:

 

 

 

 

 

 

 

 

 

Denominator for basic earnings (net loss) per common share -

 

 

 

 

 

 

 

 

 

weighted-average shares

 

14,344

 

 

14,252

 

 

14,146

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

Stock options and restricted stock units

 

0

 

 

0

 

 

0

 

Denominator for diluted earnings (net loss) per common share -

 

 

 

 

 

 

 

 

 

weighted-average shares and assumed conversions

 

14,344

 

 

14,252

 

 

14,146

 

Net loss per share

 

 

 

 

 

 

 

 

 

Basic

$

(1.45)

 

$

(1.40)

 

$

(1.58)

 

Diluted

$

(1.45)

 

$

(1.40)

 

$

(1.58)

 

 

Potentially dilutive shares of 139,000, 90,000 and 20,000 issuable under the Company’s securities have been excluded from the calculation of net loss per share for the fiscal years ended April 30, 2012, 2011 and 2010, respectively, as the effect would be anti-dilutive.