Earnings Per Share

12 Months Ended

Apr. 26, 2015

Earnings Per Share

Earnings Per Share

10. Earnings Per Share

        The following table sets forth the computation of basic and diluted earnings (loss) per share (in thousands, except share and per share amounts):

	Fiscal Year Ended
	April 26, 2015		April 27, 2014			April 28, 2013
Numerator:
Income (loss) applicable to common shares:
Income (loss) from continuing operations attributable to common stockholders	$	5,177	$	(129,666	)	$	(52,467	)
Income from discontinued operations		—		1,980			4,898
Net income (loss) attributable to the common stockholders	$	5,177	$	(127,686	)	$	(47,569	)
Denominator:
Denominator for basic income (loss) per share—weighted average shares		39,955,735		39,731,766			39,340,325
Effect of dilutive securities
Employee stock options		84,938		—			—
Restricted stock units		279,594		—			—
Denominator for diluted income (loss) per share—adjusted weighted average shares and assumed conversions		40,320,267		39,731,766			39,340,325
Basic and Diluted income (loss) per share attributable to common stockholders
Income (loss) from continuing operations	$	0.13	$	(3.26	)	$	(1.33	)
Income (loss) from discontinued operations		—		0.05			0.12
Net loss attributable to common stockholders	$	0.13	$	(3.21	)	$	(1.21	)
Diluted income (loss) per share attributable to common stockholders
Income (loss) from continuing operations	$	0.13	$	(3.26	)	$	(1.33	)
Income (loss) from discontinued operations		—		0.05			0.12
Net income (loss) attributable to common stockholders	$	0.13	$	(3.21	)	$	(1.21	)

        Our basic earnings (loss) per share are computed by dividing net income (loss) by the weighted average number of shares outstanding for the period. Stock options representing 205,060 shares, which were anti-dilutive, were excluded from the calculation of common shares for diluted earnings per share for fiscal 2015.

        Due to the loss from continuing operations, stock options representing 52,501 shares, which were potentially dilutive and 753,860 stock options, which were anti-dilutive, were excluded from the calculation of common shares for diluted earnings per share for fiscal 2014. Restricted stock units representing 48,362 shares, which were potentially dilutive, and 1,254,413 restricted stock units whose minimum market performance conditions had not been achieved, were also excluded from the calculation of diluted earnings per share for fiscal 2014.

        Due to the loss from continuing operations, stock options representing 25,367 shares, which were potentially dilutive and 904,660 stock options, which were anti-dilutive, were excluded from the calculation of common shares for diluted earnings per share for fiscal 2013. As the minimum market performance conditions related to our restricted stock units had not been achieved as of April 28, 2013, 1,714,286 units were excluded from the calculation of diluted earnings per share for fiscal 2013.