COMPUTATION OF EARNINGS (LOSS) PER COMMON SHARE

6 Months Ended

Sep. 26, 2020

COMPUTATION OF EARNINGS (LOSS) PER COMMON SHARE

Basic earnings (loss) per share is calculated by dividing net income (loss) associated with common shareholders by the weighted-average number of common shares outstanding during the period. Diluted earnings (loss) per share assumes the issuance of additional shares of common stock by the Company upon exercise of all outstanding stock options and vesting of restricted stock, if the effect is dilutive, in accordance with the treasury stock method or two-class method (whichever is more dilutive).

The following table sets forth the computation of basic loss per common share for the three and six months ended September 26, 2020, and September 28, 2019:


	Three Months Ended				Six Months Ended
(in thousands, except per share data)	September 26, 2020		September 28, 2019		September 26, 2020		September 28, 2019
Basic loss per common share:
Numerator:
Net loss	$	(13,405)	$	(25,910)	$	(88,420)	$	(70,781)

Denominator:
Weighted average common shares, basic	40,970		39,584		40,715		39,411

Weighted average common shares-diluted	40,970		39,584		40,715		39,411

Basic loss per common share	$	(0.33)	$	(0.65)	$	(2.17)	$	(1.80)
Diluted loss per common share	$	(0.33)	$	(0.65)	$	(2.17)	$	(1.80)

Potentially dilutive securities excluded from diluted loss per common share because their effect is anti-dilutive	1,153		1,758		1,337		912