XML 49 R21.htm IDEA: XBRL DOCUMENT
v3.19.1

Earnings Per Share | 12 Months Ended
--- | ---
Mar. 30, 2019
Earnings Per Share [Abstract] |
Earnings Per Share |
14. | Earnings Per Share
Basic net (loss) income per share (“EPS”) attributable to the Company was computed by dividing net (loss) income attributable to the Company by the average number of common shares outstanding during the period. The Company’s time-vesting and performance-vesting restricted share awards are considered participating securities. Diluted earnings per common share is computed based on the more dilutive of (i) the two-class method, assuming the participating securities are not exercised or converted; or (ii) the summation of average common shares outstanding and additional common shares that would have been outstanding if the dilutive potential common shares had been issued. During the fiscal years ended March 30, 2019, March 31, 2018, and April 1, 2017, the two-class method was more dilutive. The number of shares used to calculate earnings per share prior to the Exchange was determined based on the exchange ratio, as defined in the Exchange Agreement. The following table sets forth the computation of basic and diluted earnings per common share:
|  | Year Ended |
(Dollars and shares in thousands, except per share data) |  | March 30, 2019 |  |  | March 31, 2018 |  |  | April 1, 2017 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net (loss) income from continuing operations |  | $ | (58,208 | ) |  | $ | 15,800 |  |  | $ | 51,327 |
Net income (loss) from discontinued operations |  |  | — |  |  |  | — |  |  |  | 583 |
Undistributed earnings allocated to participating securities |  |  | — |  |  |  | (996 | ) |  |  | (3,373 | )
Net (loss) income attributable to the Company's common shareholders |  | $ | (58,208 | ) |  | $ | 14,804 |  |  | $ | 48,537 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Basic weighted average shares outstanding |  |  | 53,491 |  |  |  | 44,491 |  |  |  | 44,489 |
Dilutive securities |  |  | — |  |  |  | — |  |  |  | — |
Diluted weighted average shares outstanding |  |  | 53,491 |  |  |  | 44,491 |  |  |  | 44,489 |
Basic net (loss) income per share: |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | (1.09 | ) |  | $ | 0.33 |  |  | $ | 1.08 |
Discontinued operations |  |  | — |  |  |  | — |  |  |  | 0.01 |
Basic net (loss) income per share |  | $ | (1.09 | ) |  | $ | 0.33 |  |  | $ | 1.09 |
Diluted net (loss) income per share: |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | (1.09 | ) |  | $ | 0.33 |  |  | $ | 1.08 |
Discontinued operations |  |  | — |  |  |  | — |  |  |  | 0.01 |
Diluted net (loss) income per share |  | $ | (1.09 | ) |  | $ | 0.33 |  |  | $ | 1.09 |
Securities that could potentially dilute basic EPS in the future that were considered antidilutive in fiscal 2019 are shown below:
Type of security | Shares and units (in thousands) |
Options | 146 |
Restricted share units | 158 |
Performance share units | 146 |
Total dilutive securities |  | 450 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration