Net Earnings (Loss) Per Share (Tables)

6 Months Ended

Oct. 29, 2022

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 29, 2022		October 30, 2021		October 29, 2022		October 30, 2021
Numerator for basic earnings per share:
Net income (loss) available to common shareholders	$	22,144	$	22,528	$	(30,563)	$	(21,100)
Less allocation of earnings to participating securities	(11)		(64)		—		—
Net income (loss) available to common shareholders	$	22,133	$	22,464	$	(30,563)	$	(21,100)
Numerator for diluted earnings per share:
Net income (loss) available to common shareholders	$	22,133	$	22,464	$	(30,563)	$	(21,100)
Allocation of earnings to participating securities	11		64		—		—
Less diluted allocation of earnings to participating securities	(11)		(61)		—		—
Net income (loss) available to common shareholders	$	22,133	$	22,467	$	(30,563)	$	(21,100)
Denominator for basic earnings per share:
Basic weighted average shares of Common Stock	52,438		51,666		52,305		51,570
Denominator for diluted earnings per share:
Basic weighted average shares of Common Stock	52,438		51,666		52,305		51,570
Average dilutive restricted stock units	141		611		—		—
Average dilutive performance shares	—		—		—		—
Average dilutive restricted shares	10		126		—		—
Average dilutive performance share units	—		255		—		—
Average dilutive stock options	606		1,910		—		—
Diluted weighted average shares of Common Stock	53,195		54,568		52,305		51,570
Earnings (Loss) per share of Common Stock:
Basic	$	0.42	$	0.43	$	(0.58)	$	(0.41)
Diluted	$	0.42	$	0.41	$	(0.58)	$	(0.41)