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EARNINGS PER SHARE ("EPS") | 3 Months Ended
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Jun. 27, 2020
Earnings Per Share [Abstract] |
EARNINGS PER SHARE (EPS) | 7. EARNINGS PER SHARE 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) | June 27, 2020 |  | June 29, 2019 |  |  |  |
Basic EPS |  |  |  |  |  |  |
Net income (loss) | $ | 10,527 |  |  | $ | (8,479) |  |  |  |  |
Weighted average shares | 50,418 |  |  | 51,010 |  |  |  |  |
Basic income (loss) per share | $ | 0.21 |  |  | $ | (0.17) |  |  |  |  |
Diluted EPS |  |  |  |  |  |  |
Net income (loss) | $ | 10,527 |  |  | $ | (8,479) |  |  |  |  |
Basic weighted average shares | 50,418 |  |  | 51,010 |  |  |  |  |
Net effect of common stock equivalents | 829 |  |  | — |  |  |  |  |
Diluted weighted average shares | 51,247 |  |  | 51,010 |  |  |  |  |
Diluted income (loss) per share | $ | 0.21 |  |  | $ | (0.17) |  |  |  |  |
Basic earnings per share is calculated using the Company's weighted-average outstanding common stock. Diluted earnings per share is calculated using its weighted-average outstanding common stock including the dilutive effect of stock awards as determined under the treasury stock method. For the three months ended June 27, 2020, weighted average shares outstanding, assuming dilution, excludes the impact of 0.5 million anti-dilutive shares. For the three months ended June 29, 2019, the Company recognized a net loss; therefore it excluded the impact of outstanding stock awards from the diluted loss per share calculation as its inclusion would have an anti-dilutive effect.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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