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Net income per common share
12 Months Ended
Mar. 28, 2020
Net income per common share  
Net income per common share

15. Net income per common share

Basic net income per common share is computed as net income divided by the weighted‑average number of common shares outstanding for the period. Diluted net income per share is computed as net income divided by the weighted‑average number of common shares outstanding for the period plus common stock equivalents consisting of shares subject to stock‑based awards with exercise prices less than or equal to the average market price of the Company’s common stock for the period, to the extent their inclusion would be dilutive. Potential dilutive securities are excluded from the computation of diluted net income per share if their effect is anti‑dilutive.

The following is a reconciliation of net income and the number of shares used in the basic and diluted net income per share calculations:

 

 

 

 

 

 

 

 

 

 

Fiscal Year Ended

 

March 28,

 

March 30,

 

March 31,

 

2020

    

2019

    

2018

Numerator:

 

 

 

 

 

 

 

 

Net income

$

14,487

 

$

21,680

 

$

19,428

Denominator:

 

 

 

 

 

 

 

 

Weighted-average common shares — basic

 

48,819,783

 

 

48,139,929

 

 

48,061,527

Options and other dilutive securities

 

144,781

 

 

260,478

 

 

86,198

Weighted-average common shares — diluted

 

48,964,564

 

 

48,400,407

 

 

48,147,725

 

 

 

 

 

 

 

 

 

Net income per common share — basic and diluted

$

0.30

 

$

0.45

 

$

0.40

Antidilutive securities not included:

 

 

 

 

 

 

 

 

Stock options outstanding

 

2,389,820

 

 

2,436,321

 

 

3,006,604

Nonvested restricted stock awards

 

148,066

 

 

102,725

 

 

41,907