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Earnings Per Share | 9 Months Ended
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Dec. 28, 2019
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share Basic earnings per common share is computed based on the weighted-average number of common shares outstanding during the reporting period. Diluted earnings per common share is computed based on the combination of dilutive common share equivalents, comprised of shares issuable under the Company's stock-based compensation plans and the weighted-average number of common shares outstanding during the reporting period. Dilutive common share equivalents include the dilutive effect of in-the-money options to purchase shares, which is calculated based on the average share price for each period using the treasury stock method. The following table sets forth the computation of basic and diluted earnings per share (dollars in thousands, except per share amounts):
| Three Months Ended |  | Nine Months Ended
| December 28, 2019 |  | December 29, 2018 |  | December 28, 2019 |  | December 29, 2018
Net income | $ | 20,898 |  |  | $ | 13,384 |  |  | $ | 63,065 |  |  | $ | 48,651 |
Weighted average shares outstanding: |  |  |  |  |  |  |
Basic | 9,138,202 |  |  | 9,097,993 |  |  | 9,120,241 |  |  | 9,075,156 |
Effect of dilutive securities | 155,739 |  |  | 172,227 |  |  | 138,962 |  |  | 207,022 |
Diluted | 9,293,941 |  |  | 9,270,220 |  |  | 9,259,203 |  |  | 9,282,178 |
Net income per share: |  |  |  |  |  |  |
Basic | $ | 2.29 |  |  | $ | 1.47 |  |  | $ | 6.91 |  |  | $ | 5.36 |
Diluted | $ | 2.25 |  |  | $ | 1.44 |  |  | $ | 6.81 |  |  | $ | 5.24 |
Anti-dilutive common stock equivalents excluded from the computation of diluted earnings per share for the three and nine months ended December 28, 2019 were 14,482 and 29,971, respectively. In addition, 7,305 outstanding restricted share awards were excluded from the calculation of diluted earnings per share for both the three and nine months ended December 28, 2019, because the underlying performance criteria had not yet been met. For the three and nine months ended December 29, 2018, anti-dilutive common stock equivalents excluded from the computation of diluted earnings per share were 21,894 and 8,115, respectively.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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