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EARNINGS PER SHARE ("EPS")
 6 Months Ended
Sep. 30, 2017
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.
 
Three Months Ended
 
Six Months Ended
 (In thousands, except per share amounts)
September 30,
2017
 
October 1,
2016
 
September 30,
2017
 
October 1,
2016
Basic EPS
 
 
 
 
 
 
 
Net income
$
20,102

 
$
19,825

 
$
40,239

 
$
9,479

Weighted average shares
52,619

 
51,378

 
52,531

 
51,200

Basic income per share
$
0.38

 
$
0.39

 
$
0.77

 
$
0.19

Diluted EPS
 
 
 
 
 
 
 
Net income
$
20,102

 
$
19,825

 
$
40,239

 
$
9,479

Basic weighted average shares
52,619

 
51,378

 
52,531

 
51,200

Net effect of common stock equivalents
362

 
323

 
365

 
263

Diluted weighted average shares
52,981

 
51,701

 
52,896

 
51,463

Diluted income per share
$
0.38

 
$
0.38

 
$
0.76

 
$
0.18



Basic earnings per share is calculated using our weighted-average outstanding common shares. Diluted earnings per share is calculated using our weighted-average outstanding common shares including the dilutive effect of stock awards as determined under the treasury stock method. For the three and six months ended September 30, 2017, weighted average shares outstanding, assuming dilution, excludes the impact of 0.9 million and 0.8 million anti-dilutive shares, respectively. For both the three and six months ended October 1, 2016, weighted average shares outstanding, assuming dilution, excludes the impact of 1.7 million anti-dilutive shares.