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Earnings Per Share
 6 Months Ended
Sep. 27, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
Basic earnings per common share is computed based on the weighted-average number of common shares outstanding during the reporting period. Diluted earnings per common share is computed based on the combination of dilutive common share equivalents, comprised of shares issuable under the Company's stock-based compensation plans and the weighted-average number of common shares outstanding during the reporting period. Dilutive common share equivalents include the dilutive effect of in-the-money options to purchase shares, which is calculated based on the average share price for each period using the treasury stock method. The following table sets forth the computation of basic and diluted earnings per share (dollars in thousands, except per share amounts):
 
Three Months Ended
 
Six Months Ended
 
September 27,
2014
 
September 28,
2013
 
September 27,
2014
 
September 28,
2013
Net income attributable to Cavco common stockholders
$
5,467

 
$
4,310

 
$
11,226

 
$
6,136

Weighted average shares outstanding:
 
 
 
 
 
 
 
Basic
8,852,860

 
8,422,353

 
8,850,509

 
7,689,538

Common stock equivalents—treasury stock method
161,663

 
124,673

 
162,917

 
98,328

Diluted
9,014,523

 
8,547,026

 
9,013,426

 
7,787,866

Net income per share attributable to Cavco common stockholders:
 
 
 
 
 
 
 
Basic
$
0.62

 
$
0.51

 
$
1.27

 
$
0.80

Diluted
$
0.61

 
$
0.50

 
$
1.25

 
$
0.79


Anti-dilutive common stock equivalents excluded from the computation of diluted earnings per share for the three or six months ended September 27, 2014 were 4,241 and 1,641, respectively. There were 6,820 and 11,844 anti-dilutive common stock equivalents excluded for the three and six months ended September 28, 2013.