Earnings Per Share

3 Months Ended

Jun. 27, 2020

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (dollars in thousands, except per share amounts):

	Three Months Ended
	June 27, 2020		June 29, 2019
Net income	$	16,674	$	21,282
Weighted average shares outstanding:
Basic	9,174,182		9,102,685
Effect of dilutive securities	90,479		114,914
Diluted	9,264,661		9,217,599
Net income per share:
Basic	$	1.82	$	2.34
Diluted	$	1.80	$	2.31

Anti-dilutive common stock equivalents excluded from the computation of diluted earnings per share for the three months ended June 27, 2020 and June 29, 2019 were 39,996 and 60,600, respectively. In addition, 14,255 and 7,600 outstanding restricted share awards were excluded from the calculation of diluted earnings per share for both the three months ended June 27, 2020 and June 29, 2019, respectively, because the underlying performance criteria had not yet been met.