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EARNINGS PER SHARE | 9 Months Ended
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Jan. 01, 2022
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | 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 |  | Nine Months Ended
(In thousands, except per share amounts) | January 1, 2022 |  | December 26, 2020 |  | January 1, 2022 |  | December 26, 2020
Basic EPS |  |  |  |  |  |  |
Net income | $ | 23,232 |  |  | $ | 31,882 |  |  | $ | 33,634 |  |  | $ | 90,510 |
Weighted average shares | 51,094 |  |  | 50,789 |  |  | 51,024 |  |  | 50,634 |
Basic income per share | $ | 0.45 |  |  | $ | 0.63 |  |  | $ | 0.66 |  |  | $ | 1.79 |
Diluted EPS |  |  |  |  |  |  |
Net income | $ | 23,232 |  |  | $ | 31,882 |  |  | $ | 33,634 |  |  | $ | 90,510 |
Basic weighted average shares | 51,094 |  |  | 50,789 |  |  | 51,024 |  |  | 50,634 |
Net effect of common stock equivalents | 250 |  |  | 574 |  |  | 332 |  |  | 600 |
Diluted weighted average shares | 51,344 |  |  | 51,363 |  |  | 51,356 |  |  | 51,234 |
Diluted income per share | $ | 0.45 |  |  | $ | 0.62 |  |  | $ | 0.65 |  |  | $ | 1.77 |
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 and the convertible senior notes as determined under the net share settlement method. From the time of the issuance of the convertible senior notes, the average market price of the Company's common shares has been less than the initial conversion price, and consequently no shares have been included in diluted earnings per share for the conversion value of the convertible senior notes. For the three and nine months ended January 1, 2022, weighted average shares outstanding, assuming dilution, excludes the impact of 0.9 million anti-dilutive shares. For the three and nine months ended December 26, 2020, weighted average shares outstanding, assuming dilution, excludes the impact of 0.4 million and 0.6 million anti-dilutive shares, respectively.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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