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Earnings Per Share | 3 Months Ended
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Jun. 27, 2020
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share (dollars in thousands, except per share amounts):
|  |  |  |  | Three Months Ended |  |
|  |  |  |  | June 27, 2020 |  | June 29, 2019
Net income |  |  |  |  | $ | 16,674 |  |  | $ | 21,282 |
Weighted average shares outstanding: |  |  |  |  |  |  |
Basic |  |  |  |  | 9,174,182 |  |  | 9,102,685 |
Effect of dilutive securities |  |  |  |  | 90,479 |  |  | 114,914 |
Diluted |  |  |  |  | 9,264,661 |  |  | 9,217,599 |
Net income per share: |  |  |  |  |  |  |
Basic |  |  |  |  | $ | 1.82 |  |  | $ | 2.34 |
Diluted |  |  |  |  | $ | 1.80 |  |  | $ | 2.31 |
Anti-dilutive common stock equivalents excluded from the computation of diluted earnings per share for the three months ended June 27, 2020 and June 29, 2019 were 39,996 and 60,600, respectively. In addition, 14,255 and 7,600 outstanding restricted share awards were excluded from the calculation of diluted earnings per share for both the three months ended June 27, 2020 and June 29, 2019, respectively, because the underlying performance criteria had not yet been met.

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