Net Earnings (Loss) Per Share (Tables)

9 Months Ended

Jan. 25, 2020

Reconciliation of Basic and Diluted Loss Per Share

The following is a reconciliation of the basic and diluted earnings (loss) per share calculation:

	13 weeks ended					39 weeks ended
(shares in thousands)	January 25, 2020			January 26, 2019		January 25, 2020			January 26, 2019
Numerator for basic and diluted earnings per share:
Net (loss) income available to common shareholders	$	(1,693	)	$	769	$	2,083		$	21,844
Less allocation of earnings to participating securities	—			—		(1		)	(9		)
Net (loss) income available to common shareholders	$	(1,693	)	$	769	$	2,082		$	21,835
Numerator for diluted earnings per share:
Net (loss) income available to common shareholders	$	(1,693	)	$	769	$	2,082		$	21,835
Allocation of earnings to participating securities	—			—		1			9
Less diluted allocation of earnings to participating securities	—			—		(1		)	(9		)
Net (loss) income available to common shareholders	$	(1,693	)	$	769	$	2,082		$	21,835
Denominator for basic earnings per share:
Basic weighted average shares of Common Stock	48,298			47,561		47,911			47,220
Denominator for diluted earnings per share:
Basic weighted average shares of Common Stock	48,298			47,561		47,911			47,220
Average dilutive restricted stock units	—			178		403			403
Average dilutive performance shares	—			45		9			41
Average dilutive restricted shares	—			3		12			10
Average dilutive performance share units	—			150		432			98
Diluted weighted average shares of Common Stock	48,298			47,937		48,767			47,772
(Loss) Earnings per share of Common Stock:
Basic	$	(0.04	)	$	0.02	$	0.04		$	0.46
Diluted	$	(0.04	)	$	0.02	$	0.04		$	0.46