XML 50 R29.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings (Loss) per Share (Tables)
6 Months Ended
Oct. 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     26 weeks ended  
     October 26,
2013
    October 27,
2012
    October 26,
2013
    October 27,
2012
 

Numerator for basic income (loss) per share:

        

Net income (loss)

   $ 13,229        501      $ (73,793     (39,327

Preferred stock dividends

     (3,942     (3,942     (7,884     (7,884

Accretion of dividends on preferred stock

     (316     (453     (631     (769

Less allocation of earnings and dividends to participating securities

     (363     —          —          —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss) available to common shareholders

   $ 8,608        (3,894   $ (82,308     (47,980

Numerator for diluted income (loss) per share:

        

Net income (loss) available to common shareholders

   $ 8,608        (3,894   $ (82,308     (47,980

Preferred stock dividends (a)

     —          —          —          —     

Accretion of dividends on preferred stock (a)

     —          —          —          —     

Effect of dilutive options

     —          —          —          —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss) available to common shareholders

   $ 8,608        (3,894   $ (82,308     (47,980

Denominator for basic income (loss) per share:

        

Basic weighted average common shares

     58,956        58,168        58,862        58,094   

Denominator for diluted income (loss) per share:

        

Basic weighted average common shares

     58,956        58,168        58,862        58,094   

Preferred shares (a)

     —          —          —          —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted weighted average common shares

     58,956        58,168        58,862        58,094   

Income (loss) per common share

        

Basic

   $ 0.15        (0.07   $ (1.40     (0.83

Diluted

   $ 0.15        (0.07   $ (1.40     (0.83

 

(a)  Although the Company was in a net income position during the 13 weeks ended October 26, 2013, the dilutive effect of the Company’s convertible preferred shares were excluded from the calculation of income per share using the two-class method because the effect would be antidilutive.