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EARNINGS PER SHARE ("EPS")
 6 Months Ended
Sep. 29, 2012
Earnings Per Share [Abstract]  
EARNINGS PER SHARE (EPS)
EARNINGS PER SHARE (“EPS”)
The following table provides a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations. Basic EPS is computed by dividing net income by weighted average shares outstanding. Diluted EPS includes the effect of potentially dilutive common shares.
 
Three Months Ended
 
September 29,
2012
 
October 1,
2011
 
(in thousands, except per share amounts)
Basic EPS
 
 
 
Net income
$
6,547

 
$
13,880

Weighted average shares
25,710

 
25,418

Basic income per share
$
0.25

 
$
0.55

Diluted EPS
 
 
 
Net income
$
6,547

 
$
13,880

Basic weighted average shares
25,710

 
25,418

Net effect of common stock equivalents
447

 
425

Diluted weighted average shares
26,157

 
25,843

Diluted income per share
$
0.25

 
$
0.54

 
Six Months Ended
 
September 29,
2012
 
October 1,
2011
 
(in thousands, except per share amounts)
Basic EPS
 
 
 
Net income
$
16,335

 
$
30,828

Weighted average shares
25,596

 
25,575

Basic income per share
$
0.64

 
$
1.21

Diluted EPS
 
 
 
Net income
$
16,335

 
$
30,828

Basic weighted average shares
25,596

 
25,575

Net effect of common stock equivalents
448

 
454

Diluted weighted average shares
26,044

 
26,029

Diluted income per share
$
0.63

 
$
1.18


Weighted average shares outstanding, assuming dilution, excludes the impact of 0.1 million and 0.4 million stock options for the three and six months ended September 29, 2012, respectively, and 0.4 million and 0.4 million stock options for the three and six months ended October 1, 2011, respectively, because these securities were anti-dilutive during the noted periods.