Net Income Per Share

3 Months Ended

Jul. 31, 2016

11. Net Income Per Share

Basic net income per share is computed using the weighted-average number of shares outstanding during the period. Diluted net income per share uses the weighted-average number of shares outstanding during the period plus the dilutive effect of stock-based compensation calculated using the treasury stock method. Weighted average shares used in the computation of basic and diluted net income per share follows:

	Three months ended
(amounts in thousands)	July 31, 2016		August 2, 2015
Weighted average common shares outstanding, basic		12,286		12,277
Dilutive effect of stock-based compensation		177		179
Weighted average common shares outstanding, diluted		12,463		12,456

All options to purchase shares of common stock were included in the computation of diluted net income for the three months ended July 31, 2016 and August 2, 2015, as the exercise price of the options was less than the average market price of the common shares.