Earnings Per Share
 12 Months Ended
Apr. 01, 2017
Earnings Per Share  
Earnings Per Share

15. Earnings Per Share

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 common shares outstanding during the period using the treasury stock method, whereby proceeds from such exercise, unamortized compensation and hypothetical excess tax benefits, if any, on share-based awards are assumed to be used by the Company to purchase the common shares 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.

The components of basic and diluted earnings per share of common stock, in aggregate, for fiscal 2017, 2016 and 2015 are as follows:

 

 

 

 

 

 

 

 

 

 

 

    

Fiscal Year Ended

 

 

April 1,

 

March 26,

 

March 28,

 

 

2017

    

2016

    

2015

(in thousands, except per share data)

 

 

 

 

 

 

 

 

 

Net income attributed to Boot Barn Holdings, Inc.

 

$

14,197

 

$

9,868

 

$

13,726

Less: Cash payment to holders of vested options

 

 

 —

 

 

 —

 

 

(1,443)

Net income available for common stockholders

 

$

14,197

 

$

9,868

 

$

12,283

Weighted average basic shares outstanding

 

 

26,459

 

 

26,170

 

 

22,126

Dilutive effect of options and restricted stock

 

 

480

 

 

785

 

 

762

Weighted average diluted shares outstanding

 

 

26,939

 

 

26,955

 

 

22,888

Basic earnings per share

 

$

0.54

 

$

0.38

 

$

0.56

Diluted earnings per share

 

$

0.53

 

$

0.37

 

$

0.54

 

Options to purchase approximately 694,278,  476,333,  and 425,431 shares of common stock during the fiscal years ended April 1, 2017, March 26, 2016 and March 28, 2015 were outstanding, but were not included in the computation of weighted average diluted common shares outstanding as the effect of doing so would have been anti-dilutive.