Earnings Per Share

6 Months Ended

Sep. 29, 2012

Earnings Per Share

13. Earnings Per Share

The following is a reconciliation of weighted average shares outstanding used in the calculation of basic and diluted earnings per share:

	Fiscal quarter ended				Two fiscal quarters ended
(In thousands, except per share data)	Sep 29, 2012		Oct 1, 2011		Sep 29, 2012		Oct 1, 2011
Net income	$	5,211	$	8,537	$	4,267	$	14,450
Weighted average shares used for basic earnings per share		29,339		28,747		29,228		28,609
Incremental diluted shares		622		679		684		717
Weighted average shares used for diluted earnings per share		29,961		29,426		29,912		29,326
Net income per share:
Net income – basic	$	0.18	$	0.30	$	0.15	$	0.51
Net income – diluted	$	0.17	$	0.29	$	0.14	$	0.49

Awards of options, stock-settled stock appreciation rights (SARs), unvested restricted stock units (RSUs) and shares associated with the Company’s Employee Stock Purchase Plan (ESPP) representing an additional 2.5 million and 2.9 million shares for the second quarter ended September 29, 2012 and October 1, 2011, respectively, were not included in the calculation of diluted net earnings per share because their effect would have been antidilutive.

For the two quarters ended September 29, 2012 and October 1, 2011, awards of options, SARs, unvested RSUs and ESPP shares representing an additional 2.4 million and 2.8 million shares, respectively, were not included in the calculation of diluted net earnings per share because their effect would have been antidilutive.