Earnings Per Share

12 Months Ended

Apr. 03, 2021

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for fiscal years 2021, 2020 and 2019 (dollars in thousands, except per share amounts):

	Fiscal Year
	2021		2020		2019
Net income	$	76,646	$	75,066	$	68,622
Weighted average shares outstanding:
Basic	9,189,052		9,129,639		9,080,878
Effect of dilutive securities	104,082		139,145		187,859
Diluted	9,293,134		9,268,784		9,268,737
Net income per share:
Basic	$	8.34	$	8.22	$	7.56
Diluted	$	8.25	$	8.10	$	7.40

There were 19,440 anti-dilutive common stock equivalents excluded from the computation of diluted earnings per share for the year ended April 3, 2021, 23,336 for the year ended March 28, 2020 and 13,862 for the year ended March 30, 2019. In addition, 12,939 and 7,305 outstanding restricted share awards were excluded from the calculation of diluted earnings per share for the year ended April 3, 2021 and March 28, 2020, respectively, as the underlying performance criteria had not yet been met.