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Earnings Per Share (Tables)
 6 Months Ended
Sep. 29, 2018
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

 

 

Six Months Ended

 

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

 

September 29,

2018

 

 

September 30,

2017

 

 

September 29,

2018

 

 

September 30,

2017

 

 

 

(unaudited)

 

 

(unaudited)

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income:

 

$

(77,025

)

 

$

7,408

 

 

$

(77,878

)

 

$

12,671

 

Less: Undistributed earnings allocated to participating securities

 

 

—

 

 

 

464

 

 

 

—

 

 

 

806

 

Net (loss) income attributable to the Company's common shareholders

 

$

(77,025

)

 

$

6,944

 

 

$

(77,878

)

 

$

11,865

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average common shares outstanding

 

 

54,105

 

 

 

44,525

 

 

 

50,747

 

 

 

44,457

 

Basic net (loss) income per share

 

$

(1.42

)

 

$

0.16

 

 

$

(1.53

)

 

$

0.27

 

Diluted net (loss) income per share

 

$

(1.42

)

 

$

0.16

 

 

$

(1.53

)

 

$

0.27