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Earnings (Net Loss) Per Share
3 Months Ended
Jul. 31, 2012
Earnings (Net Loss) Per Share [Abstract]  
Earnings (Net Loss) Per Share

NOTE C--EARNINGS (NET LOSS) PER SHARE

 

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

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

July 31,

(in thousands, except per share amounts)

 

 

2012

 

 

2011

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

 

 

 

 

 

 

Net income (loss)

 

$

561

 

$

(2,716)

Denominator:

 

 

 

 

 

 

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

 

 

 

 

 

 

weighted-average shares

 

 

14,416

 

 

14,300

Effect of dilutive securities:

 

 

 

 

 

 

Stock options and restricted stock units

 

 

160

 

 

0

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

 

 

 

 

 

 

weighted-average shares and assumed conversions

 

 

14,576

 

 

14,300

Net earnings (loss) per share

 

 

 

 

 

 

Basic

 

$

0.04

 

$

(0.19)

Diluted

 

$

0.04

 

$

(0.19)

 

 

Potentially dilutive securities of 1.7 million and 2.0 million shares for the three-month periods ended July 31, 2012 and 2011, respectively, were excluded from the calculation of net earnings (loss) per share, as the effect would be anti-dilutive.