Net Earnings (Loss) Per Share (Tables)

9 Months Ended

Jan. 30, 2021

Reconciliation of Basic and Diluted Loss Per Share

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

	13 weeks ended				39 weeks ended
(shares in thousands)	January 30, 2021		January 25, 2020		January 30, 2021		January 25, 2020
Numerator for basic earnings per share:
Net (loss) income available to common shareholders	$	(48,289)	$	(1,693)	$	(87,426)	$	2,083
Less allocation of earnings to participating securities	—		—		—		(1)
Net (loss) income available to common shareholders	$	(48,289)	$	(1,693)	$	(87,426)	$	2,082
Numerator for diluted earnings per share:
Net (loss) income available to common shareholders	$	(48,289)	$	(1,693)	$	(87,426)	$	2,082
Allocation of earnings to participating securities	—		—		—		1
Less diluted allocation of earnings to participating securities	—		—		—		(1)
Net (loss) income available to common shareholders	$	(48,289)	$	(1,693)	$	(87,426)	$	2,082
Denominator for basic earnings per share:
Basic weighted average shares of Common Stock	50,082		48,298		49,099		47,911
Denominator for diluted earnings per share:
Basic weighted average shares of Common Stock	50,082		48,298		49,099		47,911
Average dilutive restricted stock units	—		—		—		403
Average dilutive performance shares	—		—		—		9
Average dilutive restricted shares	—		—		—		12
Average dilutive performance share units	—		—		—		432
Average dilutive stock options	—		—		—		—
Diluted weighted average shares of Common Stock	50,082		48,298		49,099		48,767
(Loss) Earnings per share of Common Stock:
Basic	$	(0.96)	$	(0.04)	$	(1.78)	$	0.04
Diluted	$	(0.96)	$	(0.04)	$	(1.78)	$	0.04