EARNINGS PER SHARE ("EPS")

6 Months Ended

Sep. 26, 2020

Earnings Per Share [Abstract]

EARNINGS PER SHARE (EPS)

7. EARNINGS PER SHARE

The following table provides a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations.

	Three Months Ended				Six Months Ended
(In thousands, except per share amounts)	September 26, 2020		September 28, 2019		September 26, 2020		September 28, 2019
Basic EPS
Net income	$	48,101	$	37,486	$	58,628	$	29,007
Weighted average shares	50,696		50,791		50,557		50,901
Basic income per share	$	0.95	$	0.74	$	1.16	$	0.57
Diluted EPS
Net income	$	48,101	$	37,486	$	58,628	$	29,007
Basic weighted average shares	50,696		50,791		50,557		50,901
Net effect of common stock equivalents	397		1,255		613		1,273
Diluted weighted average shares	51,093		52,046		51,170		52,174
Diluted income per share	$	0.94	$	0.72	$	1.15	$	0.56

Basic earnings per share is calculated using the Company's weighted-average outstanding common stock. Diluted earnings per share is calculated using its weighted-average outstanding common stock including the dilutive effect of stock awards as determined under the treasury stock method. For the three and six months ended September 26, 2020, weighted average shares outstanding, assuming dilution, excludes the impact of 0.8 million and 0.6 million anti-dilutive shares, respectively. For the three and six months ended September 28, 2019, weighted average shares outstanding, assuming dilution, excludes the impact of 12,421 shares and 0.2 million anti-dilutive shares, respectively.