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Earnings Per Share (Tables)
3 Months Ended
Jun. 27, 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:

 

 

Three Months Ended

 

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

 

June 27,

2020

 

 

June 29,

2019

 

Numerator:

 

 

 

 

 

 

 

 

Net income

 

$

11,903

 

 

$

17,380

 

Undistributed earnings allocated to participating securities

 

 

(30

)

 

 

(89

)

Net income attributable to the Company's common shareholders

 

$

11,873

 

 

$

17,291

 

Denominator:

 

 

 

 

 

 

 

 

Basic weighted-average shares outstanding

 

 

56,532

 

 

 

56,368

 

Dilutive securities

 

 

229

 

 

 

267

 

Diluted weighted-average shares outstanding

 

 

56,761

 

 

 

56,635

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

$

0.21

 

 

$

0.31

 

Diluted net income per share

 

$

0.21

 

 

$

0.31