Earnings Per Share

6 Months Ended

Sep. 29, 2019

Earnings Per Share

Earnings Per Share

Note 5. Earnings Per Share

The Company presents the computation of earnings per share (“EPS”) on a basic and diluted basis. Basic EPS is computed by dividing net income by the weighted average number of shares outstanding during the reported period. Diluted earnings per share is computed similarly to basic earnings per share, except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential additional common shares that were dilutive had been issued. Common shares are excluded from the calculation if they are determined to be anti-dilutive. At September 29, 2019, stock options with respect to 678,375 shares of common stock were outstanding, of which 229,000 were anti-dilutive. At September 30, 2018, stock options with respect to 574,000 shares of common stock were outstanding, of which 50,000 were anti-dilutive. There were no anti-dilutive PSUs or RSUs outstanding as of September 29, 2019 or September 30, 2018, respectively.