EARNINGS PER SHARE ("EPS")

12 Months Ended

Mar. 31, 2012

Earnings Per Share [Abstract]

EARNINGS PER SHARE (EPS)

EARNINGS PER SHARE (“EPS”)

The following table provides a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations as required by ASC Topic 260, Earnings Per Share. Basic EPS is computed by dividing net income by weighted average shares outstanding. Diluted EPS includes the effect of potentially dilutive common shares.

(In thousands, except per share amounts)	March 31, 2012		April 2, 2011		April 3, 2010
Basic EPS
Net income	$	66,886	$	79,980	$	58,370
Weighted average shares	25,364		25,077		25,451
Basic income per share	$	2.64	$	3.19	$	2.29
Diluted EPS
Net income	$	66,886	$	79,980	$	58,370
Basic weighted average shares	25,364		25,077		25,451
Net effect of common stock equivalents	431		519		612
Diluted weighted average shares	25,795		25,596		26,063
Diluted income per share	$	2.59	$	3.12	$	2.24

During 2012, 2011, and 2010, approximately 0.7 million, 1.2 million, and 0.9 million, respectively, potentially dilutive common shares were not included in the computation of diluted earnings per share because the inclusion of these potentially dilutive shares would be anti-dilutive.