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EARNINGS PER SHARE ("EPS")
 6 Months Ended
Sep. 28, 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)
 
September 28,
2013
 
September 29,
2012
Basic EPS
 
 
 
 
Net income
 
$
16,548

 
$
6,547

Weighted average shares
 
51,492

 
51,420

Basic income per share
 
$
0.32

 
$
0.13

Diluted EPS
 
 
 
 
Net income
 
$
16,548

 
$
6,547

Basic weighted average shares
 
51,492

 
51,420

Net effect of common stock equivalents
 
869

 
894

Diluted weighted average shares
 
52,361

 
52,314

Diluted income per share
 
$
0.32

 
$
0.13


 
 
Six Months Ended
(In thousands, except per share amounts)
 
September 28, 2013
 
September 29, 2012
Basic EPS
 
 
 
 
Net income
 
$
8,674

 
$
16,335

Weighted average shares
 
51,360

 
51,192

Basic income per share
 
$
0.17

 
$
0.32

Diluted EPS
 
 
 
 
Net income
 
$
8,674

 
$
16,335

Basic weighted average shares
 
51,360

 
51,192

Net effect of common stock equivalents
 
840

 
896

Diluted weighted average shares
 
52,200

 
52,088

Diluted income per share
 
$
0.17

 
$
0.31



Weighted average shares outstanding, assuming dilution, excludes the impact of a negligible number and 0.8 million shares for the three and six months ended September 28, 2013 respectively and 0.1 million and 0.4 million for the three and six months ended September 29, 2012, respectively, because these securities were anti-dilutive during the noted periods.