Net Earnings (Loss) Per Share (Tables)

6 Months Ended

Oct. 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				26 weeks ended
(shares in thousands)	October 30, 2021		October 31, 2020		October 30, 2021		October 31, 2020
Numerator for basic earnings per share:
Net income (loss) available to common shareholders	$	22,528	$	7,515	$	(21,818)	$	(39,137)
Less allocation of earnings to participating securities	(64)		(6)		—		—
Net income (loss) available to common shareholders	$	22,464	$	7,509	$	(21,818)	$	(39,137)
Numerator for diluted earnings per share:
Net income (loss) available to common shareholders	$	22,464	$	7,509	$	(21,818)	$	(39,137)
Allocation of earnings to participating securities	64		6		—		—
Less diluted allocation of earnings to participating securities	(61)		(6)		—		—
Net income (loss) available to common shareholders	$	22,467	$	7,509	$	(21,818)	$	(39,137)
Denominator for basic earnings per share:
Basic weighted average shares of Common Stock	51,666		48,804		51,570		48,608
Denominator for diluted earnings per share:
Basic weighted average shares of Common Stock	51,666		48,804		51,570		48,608
Average dilutive restricted stock units	611		235		—		—
Average dilutive performance shares	—		—		—		—
Average dilutive restricted shares	126		18		—		—
Average dilutive performance share units	255		224		—		—
Average dilutive stock options	1,910		147		—		—
Diluted weighted average shares of Common Stock	54,568		49,428		51,570		48,608
Earnings (Loss) per share of Common Stock:
Basic	$	0.43	$	0.15	$	(0.42)	$	(0.81)
Diluted	$	0.41	$	0.15	$	(0.42)	$	(0.81)