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Earnings Per Share (Tables)
9 Months Ended
Dec. 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

 

Nine Months Ended

 

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

 

December 26,

2020

 

 

December 28,

2019

 

 

December 26,

2020

 

 

December 28,

2019

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

21,599

 

 

$

17,037

 

 

$

51,013

 

 

$

52,162

 

Undistributed earnings allocated to participating securities

 

 

 

 

 

(44

)

 

 

(62

)

 

 

(196

)

Net income attributable to the Company's common shareholders

 

$

21,599

 

 

$

16,993

 

 

$

50,951

 

 

$

51,966

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average shares outstanding

 

 

56,702

 

 

 

56,521

 

 

 

56,630

 

 

 

56,457

 

Dilutive securities

 

 

288

 

 

 

267

 

 

 

253

 

 

 

248

 

Diluted weighted-average shares outstanding

 

 

56,990

 

 

 

56,788

 

 

 

56,883

 

 

 

56,705

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

$

0.38

 

 

$

0.30

 

 

$

0.90

 

 

$

0.92

 

Diluted net income per share

 

$

0.38

 

 

$

0.30

 

 

$

0.90

 

 

$

0.92