COMPUTATION OF EARNINGS PER COMMON SHARE

12 Months Ended

Apr. 02, 2022

Computation of Earnings Per Common Share

COMPUTATION OF EARNINGS (LOSS) PER COMMON SHARE

The following table presents the computation of basic and diluted earnings (loss) per common share:


	Fiscal Year Ended
(in thousands, except per share data)	April 2, 2022		April 3, 2021		March 28, 2020
Numerator:
Net income (loss)	$	17,917	$	(57,331)	$	(827,182)

Denominator:
Weighted-average basic shares outstanding	42,568		41,044		39,658
Weighted-average diluted shares outstanding	43,942		41,044		39,658

Basic earnings (loss) per common share	$	0.42	$	(1.40)	$	(20.86)
Diluted earnings (loss) per common share(1)	$	0.41	$	(1.40)	$	(20.86)

Potentially dilutive securities excluded from diluted earnings (loss) per share because their effect is anti-dilutive	208		1,262		1,740

(1) The potentially dilutive effect of all outstanding stock options, restricted stock, and shares purchased under the 2002 ESPP are excluded from the computation of diluted loss per share in periods when the Company incurs a net loss, as their effect is anti-dilutive.