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Earnings Per Share
 6 Months Ended
Oct. 01, 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

 

Six months ended

 

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

 

October 1,
2022

 

 

October 2,
2021

 

 

October 1,
2022

 

 

October 2,
2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to the Company's common shareholders

 

$

144,092

 

 

$

50,723

 

 

$

261,243

 

 

$

93,624

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average shares outstanding

 

 

56,956

 

 

 

56,808

 

 

 

56,933

 

 

 

56,757

 

Dilutive securities

 

 

450

 

 

 

400

 

 

 

431

 

 

 

455

 

Diluted weighted-average shares outstanding

 

 

57,406

 

 

 

57,208

 

 

 

57,364

 

 

 

57,212

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

$

2.53

 

 

$

0.89

 

 

$

4.59

 

 

$

1.65

 

Diluted net income per share

 

$

2.51

 

 

$

0.89

 

 

$

4.55

 

 

$

1.64