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Net Income from Continuing Operations Per Share
9 Months Ended
Jan. 31, 2021
Earnings Per Share [Abstract]  
Net Income from Continuing Operations Per Share

14. Net Income from Continuing Operations Per Share

Basic net income from continuing operations per share is computed using the weighted-average number of shares outstanding during the period. Diluted net income from continuing operations 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 from continuing operations per share are as follows:

 

 

 

Three months ended

 

(amounts in thousands)

 

January 31, 2021

 

 

February 2, 2020

 

Weighted average common shares outstanding, basic

 

 

12,305

 

 

 

12,409

 

Dilutive effect of stock-based compensation

 

 

64

 

 

 

11

 

Weighted average common shares outstanding, diluted

 

 

12,369

 

 

 

12,420

 

 

During the third quarter of fiscal 2021, all unvested shares of common stock were included in the computation of diluted net income per share from continuing operations.

 

During the third quarter of fiscal 2020, 9,010 shares of unvested common stock were not included in the computation of diluted net income from continuing operations per share, as their effect would be antidilutive as a result of the decrease in the price per share of our common stock during the reporting period in relation to the price per share of our common stock as of the respective grant dates of our outstanding stock-based compensation awards.

 

 

 

Nine months ended

 

(amounts in thousands)

 

January 31, 2021

 

 

February 2, 2020

 

Weighted average common shares outstanding, basic

 

 

12,297

 

 

 

12,405

 

Dilutive effect of stock-based compensation

 

 

2

 

 

 

16

 

Weighted average common shares outstanding, diluted

 

 

12,299

 

 

 

12,421

 

 

 

During the nine-month period of fiscal 2021, 9,136 shares of unvested common stock were not included in the computation of diluted net income from continuing operations per share, as their effect would be antidilutive as a result of the decrease in the price per share of our common stock during the reporting period in relation to the price per share of our common stock as of the respective grant dates of our outstanding stock-based compensation awards.

 

During the nine-month period of fiscal 2020, 5,854 shares of unvested common stock were not included in the computation of diluted net income from continuing operations per share, as their effect would be antidilutive as a result of the decrease in the price per share of our common stock during the reporting period in relation to the price per share of our common stock as of the respective grant dates of our outstanding stock-based compensation awards.