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EARNINGS PER SHARE ("EPS")
3 Months Ended
Jul. 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.
 
 
Three Months Ended
 (In thousands, except per share amounts)
 
July 2,
2016
 
June 27,
2015
Basic EPS
 
 
 
 
Net loss
 
$
(10,346
)
 
$
(267
)
Weighted average shares
 
51,021

 
51,360

Basic loss per share
 
$
(0.20
)
 
$
(0.01
)
Diluted EPS
 
 
 
 
Net loss
 
$
(10,346
)
 
$
(267
)
Basic weighted average shares
 
51,021

 
51,360

Net effect of common stock equivalents
 

 

Diluted weighted average shares
 
51,021

 
51,360

Diluted loss per share
 
$
(0.20
)
 
$
(0.01
)


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 months ended July 2, 2016 and June 27, 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.