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Earnings Per Share EPS
3 Months Ended
Aug. 02, 2014
Earnings Per Share [Abstract]  
Earnings Per Share EPS
Earnings Per Share ("EPS")

Basic EPS is computed by dividing income attributable to common shareholders by the weighted average number of common shares outstanding for the period.  Diluted EPS reflects the potential dilution if securities or other obligations to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock sharing in our earnings.

The following is a reconciliation of the income and common share amounts used in the calculation of basic and diluted EPS for the three months ended August 2, 2014 and July 27, 2013
 
Net income
 
Shares
 
Per share income
For the three months ended August 2, 2014:
 
 
 
 
 
Basic earnings per share
$
8,745

 
43,261

 
$
0.20

Dilution associated with stock compensation plans

 
380

 

Diluted earnings per share
$
8,745

 
43,641

 
$
0.20

For the three months ended July 27, 2013:
 
 
 
 
 
Basic earnings per share
$
5,720

 
42,528

 
$
0.13

Dilution associated with stock compensation plans

 
238

 

Diluted earnings per share
$
5,720

 
42,766

 
$
0.13


 
Options outstanding to purchase 1,455 shares of common stock with a weighted average exercise price of $18.51 for the three months ended August 2, 2014 and 2,267 shares of common stock with a weighted average exercise price of $16.04 for the three months ended July 27, 2013 were not included in the computation of diluted earnings per share because the effects would be anti-dilutive.