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Earnings Per Share (Tables)
6 Months Ended
Sep. 26, 2020
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 26,

2020

 

 

September 28,

2019

 

 

September 26,

2020

 

 

September 28,

2019

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

17,511

 

 

$

17,745

 

 

$

29,414

 

 

$

35,125

 

Undistributed earnings allocated to participating securities

 

 

(19

)

 

 

(65

)

 

 

(53

)

 

 

(154

)

Net income attributable to the Company's common shareholders

 

$

17,492

 

 

$

17,680

 

 

$

29,361

 

 

$

34,971

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average shares outstanding

 

 

56,654

 

 

 

56,481

 

 

 

56,593

 

 

 

56,424

 

Dilutive securities

 

 

255

 

 

 

243

 

 

 

238

 

 

 

233

 

Diluted weighted-average shares outstanding

 

 

56,909

 

 

 

56,724

 

 

 

56,831

 

 

 

56,657

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

$

0.31

 

 

$

0.31

 

 

$

0.52

 

 

$

0.62

 

Diluted net income per share

 

$

0.31

 

 

$

0.31

 

 

$

0.52

 

 

$

0.62