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Net Earnings (Loss) per Share (Tables)
 9 Months Ended
Jan. 26, 2019
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 26,
2019		      January 27,
2018		      January 26,
2019		      January 27,
2018		  

Numerator for basic income (loss) per share:

            

Net income (loss)

    $ 66,930        (63,536 )     $ 22,498        (104,408 ) 

Less allocation of dividends to participating securities

      (25 )       (21 )       (69 )       (59 ) 

Less allocation of undistributed earnings to participating securities

      (130 )       —          —          —    
  

 

 

     

 

 

     

 

 

     

 

 

  

Net income (loss) available to common shareholders

    $ 66,775        (63,557 )     $ 22,429        (104,467 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

Numerator for diluted income (loss) per share:

            

Net income (loss) available to common shareholders

    $ 66,775        (63,557 )     $ 22,429        (104,467 ) 

Allocation of undistributed earnings to participating securities

      130        —          —          —    

Less diluted allocation of undistributed earnings to participating securities

      (129 )       —          —          —    
  

 

 

     

 

 

     

 

 

     

 

 

  

Net income (loss) available to common shareholders

    $ 66,776        (63,557 )     $ 22,429        (104,467 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

Denominator for basic income (loss) per share:

            

Basic weighted average common shares

      73,022        72,649        72,881        72,566  

Denominator for diluted income (loss) per share:

            

Basic weighted average common shares

      73,022        72,649        72,881        72,566  

Average dilutive options

      —          —          —          —    

Average dilutive non-participating securities

      295        —          194      —    
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted weighted average common shares

      73,317        72,649        73,075        72,566  
  

 

 

     

 

 

     

 

 

     

 

 

  

Income (loss) per common share:

            

Basic

    $ 0.91        (0.87 )     $ 0.31        (1.44 ) 

Diluted

    $ 0.91        (0.87 )     $ 0.31        (1.44 )