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Earnings Per Share
 6 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Earnings Per Share

11. Earnings Per Share

Basic net income per share 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)

 

September 30,
2023

 

 

October 1,
2022

 

 

September 30,
2023

 

 

October 1,
2022

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to the Company's common shareholders

 

$

45,669

 

 

$

144,092

 

 

$

96,938

 

 

$

261,243

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average shares outstanding

 

 

57,232

 

 

 

56,956

 

 

 

57,224

 

 

 

56,933

 

Dilutive securities

 

 

492

 

 

 

450

 

 

 

471

 

 

 

431

 

Diluted weighted-average shares outstanding

 

 

57,724

 

 

 

57,406

 

 

 

57,695

 

 

 

57,364

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

$

0.80

 

 

$

2.53

 

 

$

1.69

 

 

$

4.59

 

Diluted net income per share

 

$

0.79

 

 

$

2.51

 

 

$

1.68

 

 

$

4.55