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Earnings Per Share (Tables)
 9 Months Ended
Dec. 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

 

 

Nine Months Ended

 

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

 

December 28,

2019

 

 

December 29,

2018

 

 

December 28,

2019

 

 

December 29,

2018

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

17,037

 

 

$

10,513

 

 

$

52,162

 

 

$

(67,365

)

Undistributed earnings allocated to participating securities

 

 

(44

)

 

 

(86

)

 

 

(196

)

 

 

—

 

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

 

$

16,993

 

 

$

10,427

 

 

$

51,966

 

 

$

(67,365

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

 

56,521

 

 

 

56,249

 

 

 

56,457

 

 

 

52,595

 

Dilutive securities

 

 

267

 

 

 

—

 

 

 

248

 

 

 

—

 

Diluted weighted average shares outstanding

 

 

56,788

 

 

 

56,249

 

 

 

56,705

 

 

 

52,595

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income (loss) per share

 

$

0.30

 

 

$

0.19

 

 

$

0.92

 

 

$

(1.28

)

Diluted net income (loss) per share

 

$

0.30

 

 

$

0.19

 

 

$

0.92

 

 

$

(1.28

)