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Net Earnings (Loss) Per Share
 9 Months Ended
Jan. 31, 2013
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

 

Nine Months Ended

 

 

January 31,

 

January 31,

(in thousands, except per share amounts)

 

 

2013

 

 

2012

 

 

2013

 

 

2012

Numerator used in basic and diluted net earnings (loss)

 

 

 

 

 

 

 

 

 

 

 

 

per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$
2,057 

 

$
(9,114)

 

$
4,568 

 

$
(14,806)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic net earnings (loss) per common

 

 

 

 

 

 

 

 

 

 

 

 

share - weighted-average shares

 

 
14,582 

 

 
14,362 

 

 
14,498 

 

 
14,331 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and restricted stock units

 

 
323 

 

 
0 

 

 
221 

 

 
0 

Denominator for diluted net earnings (loss) per common

 

 

 

 

 

 

 

 

 

 

 

 

share - weighted-average shares and assumed

 

 

 

 

 

 

 

 

 

 

 

 

conversions

 

 
14,905 

 

 
14,362 

 

 
14,719 

 

 
14,331 

Net earnings (loss) per share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$
0.14 

 

$
(0.63)

 

$
0.32 

 

$
(1.03)

Diluted

 

$
0.14 

 

$
(0.63)

 

$
0.31 

 

$
(1.03)

 

 

Potentially dilutive securities of 0.7 million and 1.7 million shares for the three-month periods ended January 31, 2013 and 2012, respectively, and 1.3 million and 1.9 million shares for the nine-month periods ended January 31, 2013 and 2012, respectively, were excluded from the calculation of net earnings (loss) per share, as the effect would be anti-dilutive.