Earnings Per Share

3 Months Ended

Jul. 03, 2021

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (dollars in thousands, except per share amounts):

	Three Months Ended
	July 3, 2021		June 27, 2020
Net income	$	27,046	$	16,674
Weighted average shares outstanding
Basic	9,198,229		9,174,182
Effect of dilutive securities	78,300		90,479
Diluted	9,276,529		9,264,661
Net income per share
Basic	$	2.94	$	1.82
Diluted	$	2.92	$	1.80

There were 8,366 anti-dilutive common stock equivalents excluded from the computation of diluted earnings per share for the three months ended July 3, 2021 and 39,996 for the three months ended June 27, 2020.