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EARNINGS PER SHARE ("EPS")
 3 Months Ended
Jun. 29, 2013
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. The common stock weighted average number of shares has been retroactively adjusted for the stock split that occurred on November 30, 2012.
 
 
Three Months Ended
 (In thousands, except per share amounts)
 
June 29,
2013
 
June 30,
2012
Basic EPS
 
 
 
 
Net income/(loss)
 
$
(7,874
)
 
$
9,787

Weighted average shares
 
51,231

 
50,966

Basic income/(loss) per share
 
$
(0.15
)
 
$
0.19

Diluted EPS
 
 
 
 
Net income/(loss)
 
$
(7,874
)
 
$
9,787

Basic weighted average shares
 
51,231

 
50,966

Net effect of common stock equivalents
 
—

 
898

Diluted weighted average shares
 
51,231

 
51,864

Diluted income/(loss) per share
 
$
(0.15
)
 
$
0.19


Weighted average shares outstanding, assuming dilution, excludes the impact of 0.8 million shares for the three months ended June 29, 2013 and June 30, 2012, respectively, because these securities were anti-dilutive during the noted periods.