v3.26.3
Earnings Per Share
6 Months Ended
Sep. 26, 2026
Earnings Per Share [Abstract]  
Earnings Per Share

10. Earnings Per Share

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Earnings per share is computed under the provisions of FASB ASC Topic 260, Earnings Per Share. Basic earnings per share is computed based on the weighted average number of outstanding shares of common stock during the period. Diluted earnings per share is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential shares of common stock outstanding during the period using the treasury stock method, whereby proceeds from such exercise and unamortized compensation, if any, on stock-based awards, are assumed to be used by the Company to purchase the shares of common stock at the average market price during the period. The dilutive effect of stock options and restricted stock is applicable only in periods of net income. PSUs are included in the calculation of diluted earnings per share to the extent that shares underlying such awards would be issuable if the end of the reporting period were the end of the contingency period. Market-based stock option awards are excluded from the calculation of diluted earnings per share until their respective performance or market criteria has been achieved.

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The components of basic and diluted earnings per share of common stock, in the aggregate, for the thirteen and twenty-six weeks ended September 26, 2026 and September 27, 2025 were as follows:

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Thirteen Weeks Ended

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Twenty-Six Weeks Ended

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September 26,

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September 27,

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September 26,

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September 27,

(in thousands, except per share data)

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2026

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2025

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2026

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2025

Net income

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$

52,495

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$

42,222

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$

122,607

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$

95,630

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Weighted average basic shares outstanding

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30,239

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30,540

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30,300

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30,568

Dilutive effect of options, RSUs, and PSUs

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173

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210

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206

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212

Weighted average diluted shares outstanding

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30,412

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30,750

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30,506

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30,780

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Basic earnings per share

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$

1.74

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$

1.38

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$

4.05

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$

3.13

Diluted earnings per share

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$

1.73

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$

1.37

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$

4.02

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$

3.11

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There were no anti-dilutive securities excluded from the computation of weighted average diluted common shares outstanding during the thirteen and twenty-six weeks ended September 26, 2026 and September 27, 2025.