Schedule of Earnings Per Share Reconciliation |
The following table provides a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations. Basic EPS is computed by dividing net income by weighted average shares outstanding. Diluted EPS includes the effect of potentially dilutive common shares. The common stock weighted average number of shares has been retroactively adjusted for the stock split that occurred on November 30, 2012. | | | | | | | | | | | | Three Months Ended | (In thousands, except per share amounts) | | December 28, 2013 | | December 29, 2012 | Basic EPS | | | | | Net income | | $ | 16,290 |
| | $ | 9,904 |
| Weighted average shares | | 51,730 |
| | 51,707 |
| Basic income per share | | $ | 0.31 |
| | $ | 0.19 |
| Diluted EPS | | | | | Net income | | $ | 16,290 |
| | $ | 9,904 |
| Basic weighted average shares | | 51,730 |
| | 51,707 |
| Net effect of common stock equivalents | | 781 |
| | 899 |
| Diluted weighted average shares | | 52,511 |
| | 52,606 |
| Diluted income per share | | $ | 0.31 |
| | $ | 0.19 |
|
| | | | | | | | | | | | Nine Months Ended | (In thousands, except per share amounts) | | December 28, 2013 | | December 29, 2012 | Basic EPS | | | | | Net income | | $ | 24,964 |
| | $ | 26,239 |
| Weighted average shares | | 51,485 |
| | 51,364 |
| Basic income per share | | $ | 0.48 |
| | $ | 0.51 |
| Diluted EPS | | | | | Net income | | $ | 24,964 |
| | $ | 26,239 |
| Basic weighted average shares | | 51,485 |
| | 51,364 |
| Net effect of common stock equivalents | | 815 |
| | 900 |
| Diluted weighted average shares | | 52,300 |
| | 52,264 |
| Diluted income per share | | $ | 0.48 |
| | $ | 0.50 |
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