COMPUTATION OF EARNINGS PER COMMON SHARE

12 Months Ended

Apr. 03, 2021

Computation of Earnings Per Common Share

COMPUTATION OF LOSS PER COMMON SHARE

Basic loss per share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period. Diluted loss per share assumes the issuance of additional shares of common stock by the Company upon exercise of all outstanding stock options and vesting of restricted stock, if the effect is dilutive, in accordance with the treasury stock method. The potentially dilutive effect of outstanding stock options and restricted stock has been excluded from the computation of diluted loss per share in all periods presented, as their effect is anti-dilutive, Refer to Note 2, Significant Accounting Policies, for additional information regarding the Company's computation of loss per common share.

The following table sets forth the computation of basic and diluted loss per common share for Fiscal Years 2021, 2020 and 2019:


	Fiscal Year Ended
(in thousands, except loss per share data)	April 3, 2021		March 28, 2020		March 30, 2019
Numerator:
Net loss	$	(57,331)	$	(827,182)	$	(135,561)

Denominator:
Weighted-average common shares outstanding	41,044		39,658		37,569


Basic and diluted loss per common share	$	(1.40)	$	(20.86)	$	(3.61)

Potentially dilutive securities excluded from diluted loss per share because their effect is anti-dilutive	1,262		1,740		616