COMPUTATION OF (LOSS) EARNINGS PER COMMON SHARE

9 Months Ended

Jan. 01, 2022

COMPUTATION OF (LOSS) EARNINGS PER COMMON SHARE

Basic (loss) earnings per share is calculated by dividing net (loss) income by the weighted-average number of common shares outstanding during the period. Diluted (loss) earnings 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 periods where the Company had a net loss, as their effect is anti-dilutive.

The following table sets forth the computation of basic and diluted (loss) earnings per common share for the three and nine months ended January 1, 2022 and December 26, 2020:


	Three Months Ended				Nine Months Ended
(in thousands, except per share data)	January 1, 2022		December 26, 2020		January 1, 2022		December 26, 2020
Numerator:
Net (loss) income	$	(11,164)	$	20,113	$	48,810	$	(68,307)

Denominator:
Weighted-average basic shares outstanding	42,745		41,252		42,450		40,894
Weighted-average diluted shares outstanding	42,745		42,184		43,811		40,894

Basic (loss) earnings per common share	$	(0.26)	$	0.49	$	1.15	$	(1.67)
Diluted (loss) earnings per common share	$	(0.26)	$	0.48	$	1.11	$	(1.67)

Potentially dilutive securities excluded from diluted (loss) earnings per common share because their effect is anti-dilutive	383		988		210		1,248