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Earnings Per Share (Tables)
 3 Months Ended
Jun. 29, 2019
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings per Common Share

The following table sets forth the computation of basic and diluted earnings per common share:

 

 

 

Three Months Ended

 

(Dollars and shares in thousands, except per share data)

 

June 29,

2019

 

 

June 30,

2018

 

Numerator:

 

 

 

 

 

 

 

 

Net income (loss)

 

$

17,380

 

 

$

(853

)

Undistributed earnings allocated to participating securities

 

 

(89

)

 

 

—

 

Net income (loss) attributable to the Company's common shareholders

 

$

17,291

 

 

$

(853

)

Denominator:

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

 

56,368

 

 

 

47,462

 

Dilutive securities

 

 

267

 

 

 

—

 

Diluted weighted average shares outstanding

 

 

56,635

 

 

 

47,462

 

Basic net income (loss) per share

 

$

0.31

 

 

$

(0.02

)

Diluted net income (loss) per share

 

$

0.31

 

 

$

(0.02

)