Significant accounting policies (Tables)

12 Months Ended

Mar. 30, 2019

Depreciation and amortization are computed using the straight-line method based on the estimated useful lives of the assets as follows:


Asset		Period

Leasehold improvements		Lesser of term of the lease or the economic life
Software and electronic equipment		1 - 6 years
Furniture and fixtures		5 - 8 years
Equipment		3 - 8 years

Basic and Diluted Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share for the years ended March 30, 2019, March 31, 2018, and March 25, 2017:


	Fiscal Year Ended
	March 30, 2019			March 30, 2018*		March 25, 2017*
	(In thousands, except per share data)
Basic (loss) income per common share computation:
Numerator:
Net (loss) income	$	(18,686	)	$	14,095	$	7,075
Denominator:
Weighted-average common shares outstanding		17,961			17,961		17,961
Income per common share	$	(1.04	)	$	0.78	$	0.39
Diluted (loss) income per common share computation:
Numerator:
Net (loss) income	$	(18,686	)	$	14,095	$	7,075
Denominator:
Weighted-average common shares outstanding		17,961			17,961		17,961
Dilutive effect of stock options and warrants		-			432		457
Weighted-average common shares outstanding – diluted		17,961			18,393		18,418
Diluted (loss) income per common share	$	(1.04	)	$	0.77	$	0.38

(*) Recast (refer to note 1)

The following table sets forth the computation of basic and diluted earnings from continuing operations per common share for the years ended March 30, 2019, March 31, 2018, and March 25, 2017:


	Fiscal Year Ended
	March 30, 2019			March 30, 2018*			March 25, 2017*
	(In thousands, except per share data)
Basic loss come from continuing operations per common share computation:
Numerator:
Net loss from continuing operations	$	(18,305	)	$	(21,995	)	$	(8,859	)
Denominator:
Weighted-average common shares outstanding		17,961			17,961			17,961
Loss per common share	$	(1.02	)	$	(1.22	)	$	(0.49	)
Diluted income per common share computation:
Numerator:
Net loss	$	(18,305	)	$	(21,995	)	$	(8,859	)

Denominator:
Weighted-average common shares outstanding		17,961			17,961			17,961
Dilutive effect of stock options and warrants		-			432-			457-
Weighted-average common shares outstanding – diluted		17,961			18,393			18,418
Diluted loss per common share	$	(1.02	)	$	(1.20	)	$	(0.48	)

(*) Recast (refer to note 1)

Impact of the Adoption of ASU 2014-09


	March 30, 2019
	As Reported		Balances without adoption of ASC 606		Effect of adoption Increase / (decrease)
	(In thousands)

Prepaids and other current assets	$	2,142	$	1,907	$	235
Accrued liabilities		9,657		9,422		235