Earnings Per Share

6 Months Ended

Sep. 26, 2020

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 26, 2020		September 28, 2019		September 26, 2020		September 28, 2019
Net income	$	15,049	$	20,885	$	31,723	$	42,167
Weighted average shares outstanding:
Basic	9,182,945		9,119,835		9,178,609		9,111,260
Effect of dilutive securities	112,464		146,250		101,471		130,574
Diluted	9,295,409		9,266,085		9,280,080		9,241,834
Net income per share:
Basic	$	1.64	$	2.29	$	3.46	$	4.63
Diluted	$	1.62	$	2.25	$	3.42	$	4.56

Anti-dilutive common stock equivalents excluded from the computation of diluted earnings per share for the three months ended September 26, 2020 and September 28, 2019 were 20,582 and 22,536, respectively. Anti-dilutive common stock equivalents excluded from the computation of diluted earnings per share for the six months ended September 26, 2020 and September 28, 2019 were 30,182 and 42,401, respectively. In addition, 14,405 and 11,450 outstanding restricted share awards were excluded from the calculation of diluted earnings per share for the three and six months ended September 26, 2020 and September 28, 2019, respectively, because the underlying performance criteria had not yet been met.