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Income Per Share (Tables)
12 Months Ended
May 01, 2021
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Income per Share

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

 

 

Fiscal Year Ended

 

 

 

May 1,

2021

 

 

May 2,

2020

 

 

April 27,

2019

 

 

 

(52 Weeks)

 

 

(53 Weeks)

 

 

(52 Weeks)

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (in millions)

 

$

122.3

 

 

$

123.4

 

 

$

91.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic income per share - weighted average shares outstanding and vested/unissued RSUs

 

 

38,038,615

 

 

 

37,574,671

 

 

 

37,405,298

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted income per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic income per share

 

$

3.22

 

 

$

3.28

 

 

$

2.45

 

Diluted income per share

 

$

3.19

 

 

$

3.26

 

 

$

2.43

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding

 

 

738,167

 

 

 

566,620

 

 

 

678,321