Earnings per Share

3 Months Ended

Jul. 25, 2026

Note 13: Earnings per Share

The following is a reconciliation of the numerators and denominators we used in our computations of basic and diluted earnings per share:


	Quarter Ended
(Unaudited, amounts in thousands, except per share data)	7/25/2026		7/26/2025
Numerator (basic and diluted):


Net income (loss) available to common Shareholders	$	(2,292)	$	18,204

Denominator:
Basic weighted average common shares outstanding	39,995		41,027
Contingent common shares	—		246
Stock option dilution	—		152
Diluted weighted average common shares outstanding	39,995		41,425

Earnings per Share:
Basic	$	(0.06)	$	0.44
Diluted (1)	$	(0.06)	$	0.44

(1)Diluted earnings per share was computed using the treasury stock method.

The values for contingent common shares set forth above reflect the dilutive effect of common shares that we would have issued to employees under the terms of performance-based share awards if the relevant performance period for the award had been the reporting period.

For the quarter ended July 25, 2026, basic and diluted loss per common share are equivalent due to the net loss position for the period. We exclude the effect of options from our diluted share calculation when the weighted average exercise price of the options is higher than the average market price, since including the options' effect would be anti-dilutive. For the quarter ended July 26, 2025, we did not exclude any outstanding options from the diluted share calculation.