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

NOTE C—NET EARNINGS (LOSS) PER SHARE

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

October 31,

 

October 31,

(in thousands, except per share amounts)

 

 

2012

 

 

2011

 

 

2012

 

 

2011

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

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$
1,950 

 

$
(2,976)

 

$
2,511 

 

$
(5,692)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

weighted-average shares

 

 
14,498 

 

 
14,331 

 

 
14,457 

 

 
14,315 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and restricted stock units

 

 
180 

 

 
0 

 

 
170 

 

 
0 

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

 

 

 

 

 

 

 

 

 

 

 

 

weighted-average shares and assumed conversions

 

 
14,678 

 

 
14,331 

 

 
14,627 

 

 
14,315 

Net earnings (loss) per share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$
0.13 

 

$
(0.21)

 

$
0.17 

 

$
(0.40)

Diluted

 

$
0.13 

 

$
(0.21)

 

$
0.17 

 

$
(0.40)

 

 

Potentially dilutive securities of 1.4 million and 2.0 million shares for the six-month periods ended October 31, 2012 and 2011, respectively, were excluded from the calculation of net earnings (loss) per share, as the effect would be anti-dilutive.