Earnings Per Share

6 Months Ended

Sep. 29, 2018

Basic earnings per common share is computed based on the weighted-average number of common shares outstanding during the reporting period. Diluted earnings per common share is computed based on the combination of dilutive common share equivalents, comprised of shares issuable under the Company's stock-based compensation plans and the weighted-average number of common shares outstanding during the reporting period. Dilutive common share equivalents include the dilutive effect of in-the-money options to purchase shares, which is calculated based on the average share price for each period using the treasury stock method. The following table sets forth the computation of basic and diluted earnings per share (dollars in thousands, except per share amounts):



	Three Months Ended				Six Months Ended
	September 29, 2018		September 30, 2017		September 29, 2018		September 30, 2017
Net income	$	15,576	$	6,182	$	35,267	$	17,935
Weighted average shares outstanding:
Basic	9,079,679		9,020,834		9,064,007		9,013,917
Common stock equivalents—treasury stock method	224,509		161,065		223,723		157,598
Diluted	9,304,188		9,181,899		9,287,730		9,171,515
Net income per share:
Basic	$	1.72	$	0.69	$	3.89	$	1.99
Diluted	$	1.67	$	0.67	$	3.80	$	1.96

Anti-dilutive common stock equivalents excluded from the computation of diluted earnings per share for the three and six months ended September 29, 2018 were 3,751 and 6,682, respectively. There were 4,867 and 8,432 anti-dilutive common stock equivalents excluded for the three and six months ended September 30, 2017, respectively.

Earnings Per Share, Policy [Policy Text Block]