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Earnings Per Share (Tables)
 6 Months Ended
Sep. 28, 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

 

 

Six Months Ended

 

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

 

September 28,

2019

 

 

September 29,

2018

 

 

September 28,

2019

 

 

September 29,

2018

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

17,745

 

 

$

(77,025

)

 

$

35,125

 

 

$

(77,878

)

Undistributed earnings allocated to participating securities

 

 

(65

)

 

 

—

 

 

 

(154

)

 

 

—

 

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

 

$

17,680

 

 

$

(77,025

)

 

$

34,971

 

 

$

(77,878

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

 

56,481

 

 

 

54,105

 

 

 

56,424

 

 

 

50,747

 

Dilutive securities

 

 

243

 

 

 

—

 

 

 

233

 

 

 

—

 

Diluted weighted average shares outstanding

 

 

56,724

 

 

 

54,105

 

 

 

56,657

 

 

 

50,747

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income (loss) per share

 

$

0.31

 

 

$

(1.42

)

 

$

0.62

 

 

$

(1.53

)

Diluted net income (loss) per share

 

$

0.31

 

 

$

(1.42

)

 

$

0.62

 

 

$

(1.53

)