Note 5 - Diluted Net Income Per Share

9 Months Ended

Feb. 25, 2018

Notes to Financial Statements

Earnings Per Share [Text Block]

5 . Diluted Net Income Per Share

The following table sets forth the computation of diluted

net income per share (in thousands, except per share amounts):

	Three Months Ended				Nine Months Ended
	February 25, 2018		February 26, 2017		February 25, 2018		February 26, 2017
Numerator:
Net income ap plicable to Common Stockholders	$	16,088	$	3,500	$	18,721	$	8,138
Denominator:
Weighted average shares for basic net income per share		27,547		27,286		27,524		27,252
Effect of dilutive securities:
Stock options and restricted stock units		371		396		360		356
Weighted average shares for diluted net income per share		27,918		27,682		27,884		27,608
Diluted net income per share	$	0.58	$	0.13	$	0.67	$	0.29

For th

e

three

and

nine

months ended

February 25, 2018,

the computation of the diluted net income per share excludes the impact of options to purchase

1.7

million and

1.5

million shares, respectively of Common Stock as such impacts would be antidilutive for this period.