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Note 14. Income Per Share
Basic income per share is calculated by dividing net income by the number of weighted average 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:
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Fiscal Year Ended |
|
|
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|
May 1,
2021 |
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May 2,
2020 |
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April 27,
2019 |
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(52 Weeks) |
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|
(53 Weeks) |
|
|
(52 Weeks) |
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Numerator: |
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|
|
|
|
|
|
|
|
|
|
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Net income (in millions) |
|
$ |
122.3 |
|
|
$ |
123.4 |
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|
$ |
91.6 |
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|
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|
|
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Denominator: |
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|
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|
|
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Denominator for basic income per share - weighted average shares outstanding and vested/unissued RSUs |
|
|
38,038,615 |
|
|
|
37,574,671 |
|
|
|
37,405,298 |
|
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Dilutive potential common shares - stock options, RSAs and RSUs |
|
|
267,671 |
|
|
|
269,799 |
|
|
|
264,262 |
|
|
Denominator for diluted income per share |
|
|
38,306,286 |
|
|
|
37,844,470 |
|
|
|
37,669,560 |
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|
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|
|
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Basic and diluted income per share: |
|
|
|
|
|
|
|
|
|
|
|
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Basic income per share |
|
$ |
3.22 |
|
|
$ |
3.28 |
|
|
$ |
2.45 |
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|
Diluted income per share |
|
$ |
3.19 |
|
|
$ |
3.26 |
|
|
$ |
2.43 |
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|
|
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Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding |
|
|
738,167 |
|
|
|
566,620 |
|
|
|
678,321 |
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|