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Earnings Per Share (Tables)
12 Months Ended
Mar. 28, 2020
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings per Common Share

The following table sets forth the computation of basic and diluted earnings per common share:

 

 

Year Ended

 

(Dollars and shares in thousands, except per share data)

 

March 28,

2020

 

 

March 30,

2019

 

 

March 31,

2018

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

58,160

 

 

$

(58,208

)

 

$

15,800

 

Undistributed earnings allocated to participating securities

 

 

(170

)

 

 

 

 

 

(996

)

Net income (loss) attributable to the Company's common shareholders

 

$

57,990

 

 

$

(58,208

)

 

$

14,804

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

 

56,516

 

 

 

53,491

 

 

 

44,491

 

Dilutive securities

 

 

246

 

 

 

 

 

 

 

Diluted weighted average shares outstanding

 

 

56,762

 

 

 

53,491

 

 

 

44,491

 

Basic net income (loss) per share:

 

$

1.03

 

 

$

(1.09

)

 

$

0.33

 

Diluted net income (loss) per share:

 

$

1.02

 

 

$

(1.09

)

 

$

0.33

 

 

Schedule of Antidilutive Securities

 

Securities that could potentially dilute basic EPS in the future that were considered antidilutive in the periods presented are shown below:

 

Type of security (in thousands)

 

March 28, 2020

 

 

March 30, 2019

 

Options

 

$

53

 

 

$

146

 

Restricted Share Units

 

 

60

 

 

 

158

 

Performance Share Units

 

 

133

 

 

 

146

 

Total dilutive securities

 

$

246

 

 

$

450