Net Earnings (Loss) per Share (Tables)

9 Months Ended

Jan. 27, 2018

Reconciliation of Basic and Diluted Income (loss) Per Share

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

	13 weeks ended						39 weeks ended
	January 27, 2018			January 28, 2017			January 27, 2018			January 28, 2017
Numerator for basic income (loss) per share:
Net income (loss)	$	(63,536	)		70,276		$	(104,408	)		35,451
Less allocation of dividends to participating securities		(21	)		(168	)		(59	)		(559	)
Less allocation of undistributed earnings to participating securities		—			(948	)		—			(42	)
Net income (loss) available to common shareholders	$	(63,557	)		69,160		$	(104,467	)		34,850
Numerator for diluted income (loss) per share:
Net income (loss) available to common shareholders	$	(63,557	)		69,160		$	(104,467	)		34,850
Allocation of undistributed earnings to participating securities		—			948			—			42
Less diluted allocation of undistributed earnings to participating securities		—			(946	)		—			(42	)
Net income (loss) available to common shareholders	$	(63,557	)		69,162		$	(104,467	)		34,850
Denominator for basic income (loss) per share:
Basic weighted average common shares		72,649			71,581			72,566			72,232
Denominator for diluted income (loss) per share:
Basic weighted average common shares		72,649			71,581			72,566			72,232
Average dilutive options		—			68			—			77
Average dilutive non-participating securities		—			65			—			78
Diluted weighted average common shares		72,649			71,714			72,566			72,387
Income (loss) per common share:
Basic	$	(0.87	)		0.97		$	(1.44	)		0.48
Diluted	$	(0.87	)		0.96		$	(1.44	)		0.48