Earnings Per Share

9 Months Ended

Dec. 30, 2023

12. 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				Nine months ended
(Dollars and shares in thousands, except per share data)	December 30, 2023		December 31, 2022			December 30, 2023		December 31, 2022
Numerator:
Net income attributable to the Company's common shareholders	$	46,970	$	82,813		$	143,908	$	344,056
Denominator:
Basic weighted-average shares outstanding		57,644		56,971			57,364		56,946
Dilutive securities		492		406			478		444
Diluted weighted-average shares outstanding		58,136		57,377			57,842		57,390

Basic net income per share	$	0.81	$	1.45		$	2.51	$	6.04
Diluted net income per share	$	0.81	$	1.44		$	2.49	$	6.00