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Earnings (Loss) per Share (Tables)
9 Months Ended
Jan. 26, 2013
Reconciliation of Basic and Diluted Loss Per Share

The following is a reconciliation of the Company’s basic and diluted loss per share calculation:

 

     13 weeks ended     39 weeks ended  
     January 26,
2013
    January 28,
2012
    January 26,
2013
    January 28,
2012
 

Numerator for basic income (loss) per share:

        

Net income (loss)

   $ (6,058     52,031      $ (47,613     (11,138

Preferred stock dividends

     (3,942     (3,963     (11,825     (7,081

Accretion of dividends on preferred stock

     (739     (316     (1,508     (578

Less allocation of earnings and dividends to participating securities

     —          (2,735     —          —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss) available to common shareholders

   $ (10,739     45,017      $ (60,946     (18,797

Numerator for diluted income (loss) per share:

        

Net income (loss) available to common shareholders

   $ (10,739     45,017      $ (60,946     (18,797

Preferred stock dividends

     —          3,963        —          —     

Accretion of dividends on preferred stock

     —          316        —          —     

Effect of dilutive options

     —          3        —          —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss) available to common shareholders

   $ (10,739     49,299      $ (60,946     (18,797

Denominator for basic income (loss) per share:

        

Basic weighted average common shares

     58,316        57,371        58,168        57,261   

Denominator for diluted income (loss) per share:

        

Basic weighted average common shares

     58,316        57,371        58,168        57,261   

Preferred shares

     —          12,000        —          —     

Average dilutive options

     —          76        —          —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted weighted average common shares

     58,316        69,447        58,168        57,261   

Income (loss) per common share:

        

Basic

   $ (0.18     0.78      $ (1.05     (0.33

Diluted

   $ (0.18     0.71      $ (1.05     (0.33