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EARNINGS PER SHARE ("EPS") | 12 Months Ended
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Apr. 02, 2016
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.
(In thousands, except per share amounts) | April 2, 2016 |  | March 28, 2015 |  | March 29, 2014
Basic EPS |  |  |  |  |  |  |  |
Net (loss) income | $ | (55,579 | ) |  | $ | 16,897 |  |  | $ | 35,148 |
Weighted average shares | 50,910 |  |  | 51,533 |  |  | 51,611 |
Basic (loss) income per share | $ | (1.09 | ) |  | $ | 0.33 |  |  | $ | 0.68 |
Diluted EPS |  |  |  |  |  |  |  |
Net (loss) income | $ | (55,579 | ) |  | $ | 16,897 |  |  | $ | 35,148 |
Basic weighted average shares | 50,910 |  |  | 51,533 |  |  | 51,611 |
Net effect of common stock equivalents | — |  |  | 556 |  |  | 766 |
Diluted weighted average shares | 50,910 |  |  | 52,089 |  |  | 52,377 |
Diluted (loss) income per share | $ | (1.09 | ) |  | $ | 0.32 |  |  | $ | 0.67 |
Basic earnings per share is calculated using our weighted-average outstanding common shares. Diluted earnings per share is calculated using our weighted-average outstanding common shares including the dilutive effect of stock awards as determined under the treasury stock method. For fiscal 2016, we recognized a net loss; therefore we excluded the impact of outstanding stock awards from the diluted loss per share calculation as their inclusion would have an anti-dilutive effect. Weighted average shares outstanding, assuming dilution, excludes the impact of 1.6 million and 1.1 million stock options and restricted share units for fiscal years 2015 and 2014, respectively, because these securities were anti-dilutive during the noted periods.

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