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EARNINGS PER SHARE ("EPS")
9 Months Ended
Dec. 27, 2014
Earnings Per Share [Abstract]  
EARNINGS PER SHARE (EPS)
EARNINGS PER SHARE (“EPS”)

The following table provides a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations.
 
 
Three Months Ended
 (In thousands, except per share amounts)
 
December 27,
2014
 
December 28,
2013
Basic EPS
 
 
 
 
Net income
 
$
15,988

 
$
16,290

Weighted average shares
 
51,432

 
51,730

Basic income per share
 
$
0.31

 
$
0.31

Diluted EPS
 
 
 
 
Net income
 
$
15,988

 
$
16,290

Basic weighted average shares
 
51,432

 
51,730

Net effect of common stock equivalents
 
530

 
781

Diluted weighted average shares
 
51,962

 
52,511

Diluted income per share
 
$
0.31

 
$
0.31


 
 
Nine Months Ended
 (In thousands, except per share amounts)
 
December 27,
2014
 
December 28,
2013
Basic EPS
 
 
 
 
Net income
 
$
19,827

 
$
24,964

Weighted average shares
 
51,521

 
51,485

Basic income per share
 
$
0.38

 
$
0.48

Diluted EPS
 
 
 
 
Net income
 
$
19,827

 
$
24,964

Basic weighted average shares
 
51,521

 
51,485

Net effect of common stock equivalents
 
503

 
815

Diluted weighted average shares
 
52,024

 
52,300

Diluted income per share
 
$
0.38

 
$
0.48



Weighted average shares outstanding, assuming dilution, excludes the impact of 1.7 million and 1.6 million anti-dilutive shares for the three and nine months ended December 27, 2014, respectively, as compared to 1.3 million and 0.9 million anti-dilutive shares for the three and nine months ended December 28, 2013, respectively.