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Earnings Per Share (Tables) | 12 Months Ended
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Apr. 01, 2023
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:
|  | Year Ended |
(Dollars and shares in thousands, except per share data) |  | April 1, 2023 |  |  | April 2, 2022 |  |  | April 3, 2021 |
Numerator: |  |  |  |  |  |  |  |  |
Net income |  | $ | 401,802 |  |  | $ | 248,044 |  |  | $ | 84,899 |
Undistributed earnings allocated to participating securities |  |  | — |  |  |  | — |  |  |  | (77 | )
Net income attributable to the Company's common shareholders |  | $ | 401,802 |  |  | $ | 248,044 |  |  | $ | 84,822 |
Denominator: |  |  |  |  |  |  |  |  |
Basic weighted average shares outstanding |  |  | 56,987 |  |  |  | 56,816 |  |  |  | 56,648 |
Dilutive securities |  |  | 408 |  |  |  | 490 |  |  |  | 325 |
Diluted weighted average shares outstanding |  |  | 57,395 |  |  |  | 57,306 |  |  |  | 56,973 |
Basic net income per share: |  | $ | 7.05 |  |  | $ | 4.37 |  |  | $ | 1.50 |
Diluted net income per share: |  | $ | 7.00 |  |  | $ | 4.33 |  |  | $ | 1.49 |
Schedule of Antidilutive Securities | Securities that could potentially dilute basic EPS in the future that were considered antidilutive in the periods presented are shown below:
Type of security (in thousands) |  | April 1, 2023 |  |  | April 2, 2022 |  |  | April 3, 2021 |
Stock options |  |  | 13 |  |  |  | 11 |  |  |  | 358 |
Restricted share units |  |  | - |  |  |  | 20 |  |  |  | - |
Performance share units |  |  | 93 |  |  |  | 20 |  |  |  | - |
Total dilutive securities |  |  | 106 |  |  |  | 51 |  |  |  | 358 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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