Earnings Per Share

3 Months Ended

Jul. 28, 2013

Earnings Per Share

Earnings Per Share

4.  Earnings Per Share

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

	Three Months Ended
	July 28,			July 29,
	2013			2012
Numerator:
Income (loss) applicable to common shares:
Income (loss) from continuing operations	$	(4,862	)	$	4,744
Income from discontinued operations	—			1,917
Net income (loss)	$	(4,862	)	$	6,661
Denominator:
Denominator for basic earnings (loss) per share - weighted average shares	39,582,928			39,018,281
Effect of dilutive securities
Employee stock options	—			16,999
Denominator for diluted earnings (loss) per share - adjusted weighted average shares and assumed conversions	39,582,928			39,035,280
Basic earnings (loss) per share:
Income (loss) from continuing operations	$	(0.12	)	$	0.12
Income from discontinued operations	—			0.05
Net income (loss)	$	(0.12	)	$	0.17
Diluted earnings (loss) per share:
Income (loss) from continuing operations	$	(0.12	)	$	0.12
Income from discontinued operations	—			0.05
Net income (loss)	$	(0.12	)	$	0.17

Due to the loss from continuing operations, stock options representing 66,145 shares, which are potentially dilutive, and 961,710 shares, which were anti-dilutive, were excluded from the calculation of common shares for diluted earnings per share for the three months ended July 28, 2013. Stock options representing 1,161,710 shares, which are anti-dilutive, were excluded from the calculation of common shares for diluted income per share for the three months ended July 29, 2012.  As the minimum market performance conditions related to our restricted stock units have not been achieved as of July 28, 2013 or July 29, 2012, 1,714,286 and 728,570 units have been excluded from the calculation of diluted earnings per share for the respective periods.