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Earnings Per Share (Tables)
 9 Months Ended
Dec. 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

 

 

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