EARNINGS PER SHARE ("EPS")

6 Months Ended

Sep. 26, 2015

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)	September 26, 2015		September 27, 2014
Basic EPS
Net income	$	12,863	$	7,487
Weighted average shares	50,680		51,391
Basic income per share	$	0.25	$	0.15
Diluted EPS
Net income	$	12,863	$	7,487
Basic weighted average shares	50,680		51,391
Net effect of common stock equivalents	507		534
Diluted weighted average shares	51,187		51,925
Diluted income per share	$	0.25	$	0.14



	Six Months Ended
(In thousands, except per share amounts)	September 26, 2015		September 27, 2014
Basic EPS
Net income	$	12,596	$	3,839
Weighted average shares	51,020		51,567
Basic income per share	$	0.25	$	0.07
Diluted EPS
Net income	$	12,596	$	3,839
Basic weighted average shares	51,020		51,567
Net effect of common stock equivalents	618		489
Diluted weighted average shares	51,638		52,056
Diluted income per share	$	0.24	$	0.07

Basic earnings per share is calculated using our weighted-average outstanding common shares. Diluted earnings per share is calculated using our weighted-average outstanding common shares including the dilutive effect of stock awards as determined under the treasury stock method. Weighted average shares outstanding, assuming dilution, excludes the impact of 1.6 million and 1.1 million anti-dilutive shares for the three and six months ended September 26, 2015, respectively, as compared to 1.6 million anti-dilutive shares for the three and six months ended September 27, 2014.