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Equity and Earnings Per Share (Tables)
 12 Months Ended
Apr. 27, 2019
Reconciliation of Basic and Diluted Loss Per Share
The following is a reconciliation of the basic and diluted earnings per share calculation:
(shares in thousands)
Fiscal 2019
 
Fiscal 2018
 
Fiscal 2017
Numerator for basic earnings per share:
 
 
 
 
 
Net (loss) income
$
(24,374
)
 
$
(252,566
)
 
$
5,361

Less allocation of earnings to participating securities
—

 
—

 
(3
)
Net (loss) income available to common shareholders
$
(24,374
)
 
$
(252,566
)
 
$
5,358

 
 
 
 
 
 
Numerator for diluted earnings per share:
 
 
 
 
 
Net (loss) income available to common shareholders
$
(24,374
)
 
$
(252,566
)
 
$
5,358

Allocation of earnings to participating securities
—

 
—

 
3

Less diluted allocation of earnings to participating securities
—

 
—

 
(3
)
Net (loss) income available to common shareholders
$
(24,374
)
 
$
(252,566
)
 
$
5,358

 
 
 
 
 
 
Denominator for basic earnings per share:
 
 
 
 
 
Basic weighted average shares of Common Stock
47,306

 
46,763

 
46,317

 
 
 
 
 
 
Denominator for diluted earnings per share:
 
 
 
 
 
Basic weighted average shares of Common Stock
47,306

 
46,763

 
46,317

Average dilutive restricted stock units
—

 
—

 
389

Average dilutive performance shares
—

 
—

 
40

Average dilutive restricted shares
—

 
—

 
17

Average dilutive performance share units
—

 
—

 
—

Average dilutive options
—

 
—

 
—

Diluted weighted average shares of Common Stock
47,306

 
46,763

 
46,763

 
 
 
 
 
 
(Loss) Earnings per share of Common Stock:
 
 
 
 
 
Basic
$
(0.52
)
 
$
(5.40
)
 
$
0.12

Diluted
$
(0.52
)
 
$
(5.40
)
 
$
0.11