EARNINGS PER SHARE ("EPS")

12 Months Ended

Mar. 29, 2014

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 29, 2014		March 30, 2013		March 31, 2012
Basic EPS
Net income	$	35,148	$	38,800	$	66,886
Weighted average shares	51,611		51,349		50,727
Basic income per share	$	0.68	$	0.76	$	1.32
Diluted EPS
Net income	$	35,148	$	38,800	$	66,886
Basic weighted average shares	51,611		51,349		50,727
Net effect of common stock equivalents	766		910		863
Diluted weighted average shares	52,377		52,259		51,590
Diluted income per share	$	0.67	$	0.74	$	1.30

Weighted average shares outstanding, assuming dilution, excludes the impact of 1.1 million, 0.5 million and 1.4 million stock options for fiscal years 2014, 2013 and 2012, respectively, because these securities were anti-dilutive during the noted periods.