Note 5 - Diluted Net Income Per Share

9 Months Ended

Feb. 28, 2016

5.	Diluted Net (Loss) Income Per Share

The following table calculates diluted net (loss) income per share (in thousands, except per share amounts):


	Three Months Ended February 28, 2016			Three Months Ended March 1, 2015		Nine Months Ended February 28, 2016			Nine Months Ended March 1, 2015
Numerator:
Net (loss) income applicable to Common Stockholders	$	(21,190	)	$	3,772	$	(16,370	)	$	9,348

Denominator:
Weighted average shares for basic net (loss) income per share		27,054			26,886		27,026			26,863
Effect of dilutive securities:
Stock options and restricted stock units		—			477		—			451
Weighted average shares for diluted net (loss) income per share		27,054			27,363		27,026			27,314

Diluted net (loss) income per share	$	(0.78	)	$	0.14	$	(0.61	)	$	0.34

Due to the Company’s net loss for the three and nine months ended February 28, 2016, the net loss per share includes only weighted average shares outstanding and thus excludes 1.6 million and 1.5 million, respectively, of outstanding options and RSUs as such impacts would be antidilutive for these periods.

For the three and nine months ended March 1, 2015, the computation of the diluted net income per share excludes the impact of options to purchase 390,657 shares and 349,076 shares of Common Stock, respectively, as such impacts would be antidilutive for these periods.