EARNINGS PER SHARE ("EPS")

12 Months Ended

Mar. 30, 2013

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. Basic EPS is computed by dividing net income by weighted average shares outstanding. Diluted EPS includes the effect of potentially dilutive common shares. The common stock weighted average number of shares has been retroactively adjusted for the stock split.

(In thousands, except per share amounts)	March 30, 2013		March 31, 2012		April 2, 2011
Basic EPS
Net income	$	38,800	$	66,886	$	79,980
Weighted average shares	51,349		50,727		50,154
Basic income per share	$	0.76	$	1.32	$	1.59
Diluted EPS
Net income	$	38,800	$	66,886	$	79,980
Basic weighted average shares	51,349		50,727		50,154
Net effect of common stock equivalents	910		863		1,038
Diluted weighted average shares	52,259		51,590		51,192
Diluted income per share	$	0.74	$	1.30	$	1.56

Weighted average shares outstanding, assuming dilution, excludes the impact of 0.5 million, 1.4 million and 2.4 million stock options for fiscal years 2013, 2012 and 2011, respectively, because these securities were anti-dilutive during the noted periods.