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Earnings Per Share | 9 Months Ended
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Dec. 26, 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 |  | Nine Months Ended
| December 26, 2020 |  | December 28, 2019 |  | December 26, 2020 |  | December 28, 2019
Net income | $ | 19,701 |  |  | $ | 20,898 |  |  | $ | 51,424 |  |  | $ | 63,065 |
Weighted average shares outstanding: |  |  |  |  |  |  |
Basic | 9,190,254 |  |  | 9,138,202 |  |  | 9,182,491 |  |  | 9,120,241 |
Effect of dilutive securities | 105,299 |  |  | 155,739 |  |  | 102,747 |  |  | 138,962 |
Diluted | 9,295,553 |  |  | 9,293,941 |  |  | 9,285,238 |  |  | 9,259,203 |
Net income per share: |  |  |  |  |  |  |
Basic | $ | 2.14 |  |  | $ | 2.29 |  |  | $ | 5.60 |  |  | $ | 6.91 |
Diluted | $ | 2.12 |  |  | $ | 2.25 |  |  | $ | 5.54 |  |  | $ | 6.81 |
Anti-dilutive common stock equivalents excluded from the computation of diluted earnings per share for the three months ended December 26, 2020 and December 28, 2019 were 26,601 and 14,482, respectively. Anti-dilutive common stock equivalents excluded from the computation of diluted earnings per share for the nine months ended December 26, 2020 and December 28, 2019 were 26,357 and 29,971, respectively. In addition, outstanding restricted share awards excluded from the calculation of diluted earnings per share because the underlying performance criteria had not been met were 14,405 for the three and nine months ended December 26, 2020, and 7,305 for the three and nine months ended December 28, 2019.

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