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Earnings Per Share
 3 Months Ended
Jul. 02, 2022
Earnings Per Share [Abstract]  
Earnings Per Share

10. Earnings Per Share

Basic net income per share (“EPS”) attributable to the Company was computed by dividing net income attributable to the Company by the average number of common shares outstanding during the period. 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.

 

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

 

 

Three months ended

 

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

 

July 2,
2022

 

 

July 3,
2021

 

Numerator:

 

 

 

 

 

 

Net income attributable to the Company's common shareholders

 

$

117,151

 

 

$

42,901

 

Denominator:

 

 

 

 

 

 

Basic weighted-average shares outstanding

 

 

56,910

 

 

 

56,706

 

Dilutive securities

 

 

387

 

 

 

497

 

Diluted weighted-average shares outstanding

 

 

57,297

 

 

 

57,203

 

 

 

 

 

 

 

 

Basic net income per share

 

$

2.06

 

 

$

0.76

 

Diluted net income per share

 

$

2.04

 

 

$

0.75