EARNINGS PER SHARE ("EPS")

6 Months Ended

Oct. 01, 2016

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				Six Months Ended
(In thousands, except per share amounts)	October 1, 2016		September 26, 2015		October 1, 2016		September 26, 2015
Basic EPS
Net income	$	19,825	$	12,863	$	9,479	$	12,596
Weighted average shares	51,378		50,680		51,200		51,020
Basic income per share	$	0.39	$	0.25	$	0.19	$	0.25
Diluted EPS
Net income	$	19,825	$	12,863	$	9,479	$	12,596
Basic weighted average shares	51,378		50,680		51,200		51,020
Net effect of common stock equivalents	323		507		263		618
Diluted weighted average shares	51,701		51,187		51,463		51,638
Diluted income per share	$	0.38	$	0.25	$	0.18	$	0.24

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 both the three and six months ended October 1, 2016, weighted average shares outstanding, assuming dilution, excludes the impact of 1.7 million anti-dilutive shares. For the three and six months ended September 26, 2015, weighted average shares outstanding, assuming dilution, excludes the impact of 1.6 million and 1.1 million anti-dilutive shares, respectively.