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Earnings Per Share (Tables)
9 Months Ended
Jan. 01, 2022
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings per Common Share

The following table sets forth the computation of basic and diluted earnings per common share:

 

 

 

Three months ended

 

Nine months ended

 

(Dollars and shares in thousands, except per share data)

 

January 1,
2022

 

 

December 26,
2020

 

 

January 1,
2022

 

 

December 26,
2020

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

67,622

 

 

$

21,599

 

 

$

161,246

 

 

$

51,013

 

Undistributed earnings allocated to participating securities

 

 

 

 

 

 

 

 

 

 

 

(62

)

Net income attributable to the Company's common shareholders

 

$

67,622

 

 

$

21,599

 

 

$

161,246

 

 

$

50,951

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average shares outstanding

 

 

56,847

 

 

 

56,702

 

 

 

56,787

 

 

 

56,630

 

Dilutive securities

 

 

491

 

 

 

288

 

 

 

498

 

 

 

253

 

Diluted weighted-average shares outstanding

 

 

57,338

 

 

 

56,990

 

 

 

57,285

 

 

 

56,883

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

$

1.19

 

 

$

0.38

 

 

$

2.84

 

 

$

0.90

 

Diluted net income per share

 

$

1.18

 

 

$

0.38

 

 

$

2.81

 

 

$

0.90