EARNINGS PER SHARE ("EPS")

12 Months Ended

Mar. 28, 2015

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 28, 2015		March 29, 2014		March 30, 2013
Basic EPS
Net income	$	16,897	$	35,148	$	38,800
Weighted average shares	51,533		51,611		51,349
Basic income per share	$	0.33	$	0.68	$	0.76
Diluted EPS
Net income	$	16,897	$	35,148	$	38,800
Basic weighted average shares	51,533		51,611		51,349
Net effect of common stock equivalents	556		766		910
Diluted weighted average shares	52,089		52,377		52,259
Diluted income per share	$	0.32	$	0.67	$	0.74

Weighted average shares outstanding, assuming dilution, excludes the impact of 1.6 million, 1.1 million and 0.5 million stock options for fiscal years 2015, 2014 and 2013, respectively, because these securities were anti-dilutive during the noted periods.