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EARNINGS PER SHARE ("EPS") | 12 Months Ended
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Mar. 29, 2014
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.
(In thousands, except per share amounts) | March 29, 2014 |  | March 30, 2013 |  | March 31, 2012
Basic EPS |  |  |  |  |  |  |  |
Net income | $ | 35,148 |  |  | $ | 38,800 |  |  | $ | 66,886 |
Weighted average shares | 51,611 |  |  | 51,349 |  |  | 50,727 |
Basic income per share | $ | 0.68 |  |  | $ | 0.76 |  |  | $ | 1.32 |
Diluted EPS |  |  |  |  |  |  |  |
Net income | $ | 35,148 |  |  | $ | 38,800 |  |  | $ | 66,886 |
Basic weighted average shares | 51,611 |  |  | 51,349 |  |  | 50,727 |
Net effect of common stock equivalents | 766 |  |  | 910 |  |  | 863 |
Diluted weighted average shares | 52,377 |  |  | 52,259 |  |  | 51,590 |
Diluted income per share | $ | 0.67 |  |  | $ | 0.74 |  |  | $ | 1.30 |
Weighted average shares outstanding, assuming dilution, excludes the impact of 1.1 million, 0.5 million and 1.4 million stock options for fiscal years 2014, 2013 and 2012, respectively, because these securities were anti-dilutive during the noted periods.

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