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Net Earnings (Loss) Per Share (Tables)
9 Months Ended
Jan. 27, 2018
Reconciliation of Basic and Diluted Loss Per Share
The following is a reconciliation of the basic and diluted 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 and diluted earnings per share:
 
 
 
 
 
 
 
Net (loss) income
$
(283,235
)
 
$
3,761

 
$
(269,623
)
 
$
5,134

Less allocation of earnings to participating securities

 
(1
)
 

 
(3
)
Net (loss) income available to common shareholders
$
(283,235
)
 
$
3,760

 
$
(269,623
)
 
$
5,131

 
 
 
 
 
 
 
 
Numerator for diluted earnings per share:
 
 
 
 
 
 
 
Net (loss) income available to common shareholders
$
(283,235
)
 
$
3,760

 
$
(269,623
)
 
$
5,131

Allocation of earnings to participating securities

 
1

 

 
3

Less diluted allocation of earnings to participating securities

 
(1
)
 

 
(3
)
Net (loss) income available to common shareholders
$
(283,235
)
 
$
3,760

 
$
(269,623
)
 
$
5,131

 
 
 
 
 
 
 
 
Denominator for basic earnings per share:
 
 
 
 
 
 
 
Basic weighted average shares of Common Stock
46,914

 
46,276

 
46,712

 
46,265

 
 
 
 
 
 
 
 
Denominator for diluted earnings per share:
 
 
 
 
 
 
 
Basic weighted average shares of Common Stock
46,914

 
46,276

 
46,712

 
46,265

Average dilutive restricted stock units

 
512

 

 
397

Average dilutive performance shares

 
52

 

 
33

Average dilutive restricted shares

 
4

 

 
21

Average dilutive performance share units

 

 

 

Average dilutive options

 

 

 

Diluted weighted average shares of Common Stock
46,914

 
46,844

 
46,712

 
46,716

 
 
 
 
 
 
 
 
(Loss) Earnings per share of Common Stock:
 
 
 
 
 
 
 
Basic
$
(6.04
)
 
$
0.08

 
$
(5.77
)
 
$
0.11

Diluted
$
(6.04
)
 
$
0.08

 
$
(5.77
)
 
$
0.11