Basic and Diluted Earnings (Loss) Per Share
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Apr. 30, 2011
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Basic and Diluted Earnings (Loss) Per Share |
Basic earnings (loss) per common share was computed by dividing
net earnings (loss) attributable to common stockholders by the
weighted-average number of common shares outstanding. Diluted
earnings per common share reflects the potential dilution that
would occur if all
in-the-money
outstanding options or other contracts to issue common stock
were exercised or converted and was computed by dividing net
earnings (loss) attributable to common stockholders by the
weighted-average number of common shares outstanding plus
dilutive common equivalent shares. During fiscal 2011 and 2010,
SARs and options to purchase 0.39 million shares and
1.48 million shares were outstanding but not included in
the computation of diluted earnings per share because they were
anti-dilutive. Due to the loss attributable to common
stockholders during fiscal 2009, no potentially dilutive shares
are included in the loss per share calculation as including such
shares in the calculation would be anti-dilutive.
The following table summarizes basic and diluted earnings (loss)
per share calculations:
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