Earnings Per Share

12 Months Ended

Mar. 30, 2019

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