Income per Share

3 Months Ended

Aug. 01, 2020

Note 9. Income per Share

Basic income per share is calculated by dividing net income by the weighted average number of common shares outstanding for the applicable period. The weighted average number of common shares used in the diluted income per share calculation is determined using the treasury stock method which includes the effect of all potential dilutive common shares outstanding during the period.

The following table sets forth the computation of basic and diluted income per share:

	Three Months Ended
	August 1, 2020		July 27, 2019
Numerator:
Net Income (in millions)	$	20.7	$	28.3

Denominator:
Denominator for Basic Income per Share-Weighted Average Shares Outstanding and Vested/Unissued Restricted Stock Units		37,836,543		37,534,451
Dilutive Potential Common Shares-Employee Stock Options, Restricted Stock Awards and Restricted Stock Units		321,875		132,603
Denominator for Diluted Income per Share		38,158,418		37,667,054

Basic and Diluted Income per Share:
Basic Income per Share	$	0.55	$	0.75
Diluted Income per Share	$	0.54	$	0.75

Number of Anti-dilutive Potentially Issuable Shares Excluded from Diluted Common Shares Outstanding		101,668		109,418