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EARNINGS PER SHARE ("EPS") | 9 Months Ended
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Dec. 31, 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 |  | Nine Months Ended
(In thousands, except per share amounts) |  | December 31, 2016 |  | December 26, 2015 |  | December 31, 2016 |  | December 26, 2015
Basic EPS |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 15,393 |  |  | $ | (59,440 | ) |  | $ | 24,872 |  |  | $ | (46,844 | )
Weighted average shares |  | 51,708 |  |  | 50,741 |  |  | 51,369 |  |  | 50,927 |
Basic income (loss) per share |  | $ | 0.30 |  |  | $ | (1.17 | ) |  | $ | 0.48 |  |  | $ | (0.92 | )
Diluted EPS |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 15,393 |  |  | $ | (59,440 | ) |  | $ | 24,872 |  |  | $ | (46,844 | )
Basic weighted average shares |  | 51,708 |  |  | 50,741 |  |  | 51,369 |  |  | 50,927 |
Net effect of common stock equivalents |  | 395 |  |  | — |  |  | 302 |  |  | — |
Diluted weighted average shares |  | 52,103 |  |  | 50,741 |  |  | 51,671 |  |  | 50,927 |
Diluted income (loss) per share |  | $ | 0.30 |  |  | $ | (1.17 | ) |  | $ | 0.48 |  |  | $ | (0.92 | )
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 31, 2016, weighted average shares outstanding, assuming dilution, excludes the impact of 1.1 million and 1.7 million anti-dilutive shares, respectively. 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.

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