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EARNINGS PER SHARE ("EPS") | 9 Months Ended
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Dec. 26, 2015
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.
|  | Three Months Ended
(In thousands, except per share amounts) |  | December 26, 2015 |  | December 27, 2014
Basic EPS |  |  |  |
Net (loss) income |  | $ | (59,440 | ) |  | $ | 15,988 |
Weighted average shares |  | 50,741 |  |  | 51,432 |
Basic (loss) income per share |  | $ | (1.17 | ) |  | $ | 0.31 |
Diluted EPS |  |  |  |
Net (loss) income |  | $ | (59,440 | ) |  | $ | 15,988 |
Basic weighted average shares |  | 50,741 |  |  | 51,432 |
Net effect of common stock equivalents |  | — |  |  | 530 |
Diluted weighted average shares |  | 50,741 |  |  | 51,962 |
Diluted (loss) income per share |  | $ | (1.17 | ) |  | $ | 0.31 |
|  | Nine Months Ended
(In thousands, except per share amounts) |  | December 26, 2015 |  | December 27, 2014
Basic EPS |  |  |  |
Net (loss) income |  | $ | (46,844 | ) |  | $ | 19,827 |
Weighted average shares |  | 50,927 |  |  | 51,521 |
Basic (loss) income per share |  | $ | (0.92 | ) |  | $ | 0.38 |
Diluted EPS |  |  |  |
Net (loss) income |  | $ | (46,844 | ) |  | $ | 19,827 |
Basic weighted average shares |  | 50,927 |  |  | 51,521 |
Net effect of common stock equivalents |  | — |  |  | 503 |
Diluted weighted average shares |  | 50,927 |  |  | 52,024 |
Diluted (loss) income per share |  | $ | (0.92 | ) |  | $ | 0.38 |
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 the three and nine months ended December 26, 2015, 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 1.7 million and 1.6 million anti-dilutive shares for the three and nine months ended December 27, 2014, respectively.

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