Income per Share

9 Months Ended

Jan. 30, 2021

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, but excludes any contingently issued shares where the contingency has not been resolved. 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				Nine Months Ended
	January 30, 2021		February 1, 2020		January 30, 2021		February 1, 2020
	(13 Weeks)		(14 Weeks)		(39 Weeks)		(40 Weeks)
Numerator:
Net Income (in millions)	$	31.9	$	41.2	$	91.2	$	93.3

Denominator:
Denominator for Basic Income per Share-Weighted Average Shares Outstanding and Vested/Unissued RSUs		38,106,793		37,587,742		38,016,711		37,570,423
Dilutive Potential Common Shares-Employee Stock Options, PSAs and RSUs		293,303		166,229		211,974		150,093
Denominator for Diluted Income per Share		38,400,096		37,753,971		38,228,685		37,720,516

Basic and Diluted Income per Share:
Basic Income per Share	$	0.84	$	1.10	$	2.40	$	2.48
Diluted Income per Share	$	0.83	$	1.09	$	2.39	$	2.47

Number of Anti-dilutive Potentially Issuable Shares Excluded from Diluted Common Shares Outstanding		917,000		646,075		678,556		721,604