Basic net income (loss) per share (“EPS”) attributable to the Company was computed using the two-class method by dividing net income (loss) attributable to the Company, after deducting undistributed earnings allocated to participating securities, by the average number of common shares outstanding during the period. The Company’s time-vesting and performance-vesting restricted shares are considered participating securities. Diluted earnings per common share is computed based on the more dilutive of: (i) the two-class method, assuming the participating securities are not exercised or converted; or (ii) the summation of average common shares outstanding and additional common shares that would have been outstanding if the dilutive potential common shares had been issued. During the three and nine months ended December 29, 2018 and December 30, 2017, diluted earnings per share was more dilutive under the two-class method. Securities that could potentially dilute basic EPS in the future that were antidilutive are described Note 13. The number of shares used to calculate earnings per share prior to the Exchange was determined based on the exchange ratio, as defined in the Exchange.

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 29, 2018		December 30, 2017		December 29, 2018			December 30, 2017
	(unaudited)				(unaudited)
Numerator:
Net income (loss)	$	10,513	$	5,393	$	(67,365	)	$	18,064
Less: Undistributed earnings allocated to participating securities		86		337		—			1,142
Net income (loss) attributable to the Company's common shareholders	$	10,427	$	5,056	$	(67,365	)	$	16,922
Denominator:
Average common shares outstanding		56,249		44,525		52,595			44,480
Basic net income (loss) per share	$	0.19	$	0.11	$	(1.28	)	$	0.38
Diluted net income (loss) per share	$	0.19	$	0.11	$	(1.28	)	$	0.38