Net Earnings (Loss) Per Share (Tables)

6 Months Ended

Oct. 28, 2023

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 28, 2023		October 29, 2022		October 28, 2023		October 29, 2022
Numerator for basic earnings per share:
Net income (loss) from continuing operations	$	24,854	$	24,168	$	(25,117)	$	(26,154)
Less allocation of earnings to participating securities	(3)		(11)		—		—
Net income (loss) from continuing operations available to common shareholders	$	24,851	$	24,157	$	(25,117)	$	(26,154)
Loss from discontinued operations, net of tax	(674)		(2,024)		(1,091)		(4,409)
Net income (loss) available to common shareholders	$	24,177	$	22,133	$	(26,208)	$	(30,563)
Numerator for diluted earnings per share:
Net income (loss) from continuing operations	$	24,851	$	24,157	$	(25,117)	$	(26,154)
Allocation of earnings to participating securities	3		11		—		—
Less diluted allocation of earnings to participating securities	(3)		(11)		—		—
Net income (loss) from continuing operations available to common shareholders	$	24,851	$	24,157	$	(25,117)	$	(26,154)
Loss from discontinued operations, net of tax	(674)		(2,024)		(1,091)		(4,409)
Net income (loss) available to common shareholders	$	24,177	$	22,133	$	(26,208)	$	(30,563)
Denominator for basic earnings per share:
Basic weighted average shares of Common Stock	52,791		52,438		52,716		52,305
Denominator for diluted earnings per share:
Basic weighted average shares of Common Stock	52,791		52,438		52,716		52,305
Average dilutive restricted stock units	74		141		—		—
Average dilutive restricted shares	5		10		—		—
Average dilutive stock options	—		606		—		—
Diluted weighted average shares of Common Stock	52,870		53,195		52,716		52,305
Earnings (Loss) per share of Common Stock:
Basic
Continuing operations	$	0.47	$	0.46	$	(0.48)	$	(0.50)
Discontinuing operations	(0.01)		(0.04)		(0.02)		(0.08)
Total Basic Earnings per share	$	0.46	$	0.42	$	(0.50)	$	(0.58)
Diluted
Continuing operations	$	0.47	$	0.46	$	(0.48)	$	(0.50)
Discontinuing operations	(0.01)		(0.04)		(0.02)		(0.08)
Total Diluted Earnings per share	$	0.46	$	0.42	$	(0.50)	$	(0.58)