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GENERAL (Tables) | 6 Months Ended
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Sep. 25, 2021
Accounting Policies [Abstract] |
Schedule of Weighted Average Number of Shares | For the second quarter of fiscal years 2022 and 2021, the net additional common stock equivalents had no effect on the calculation of diluted earnings per share. For the first six months of fiscal year 2022, the net additional common stock had a ($0.02) effect on the calculation of diluted earnings per share. For the first six months of fiscal year 2021, the net additional common stock had no effect on the calculation of diluted earnings per share. The average shares outstanding used to compute basic and diluted earnings per share are as follows (amounts in thousands):
|  | Second Quarter Ended |  | Six Months Ended
|  | September 25, |  | September 26, |  | September 25, |  | September 26,
|  | 2021 |  | 2020 |  | 2021 |  | 2020
Average Shares Outstanding – Basic |  | 7,482 |  | 7,417 |  | 7,473 |  | 7,405
Effect of Dilutive Common Stock Equivalents |  | 113 |  | 132 |  | 105 |  | 120
Average Shares Outstanding – Diluted |  | 7,595 |  | 7,549 |  | 7,578 |  | 7,525
Anti-dilutive Common Stock Equivalents |  | 111 |  | 38 |  | 131 |  | 56
Schedule of Goodwill and Intangible Assets | Intangible assets, namely customer base and covenants not to compete, represent an allocation of purchase price to identifiable intangible assets of an acquired business. The Company estimates the fair value of its reporting units using the fair market value measurement requirement. Intangible assets are evaluated for impairment when events or changes in business circumstances indicate that the carrying amount of the assets may not be fully recoverable. A summary of changes in the Company’s goodwill and intangible assets is as follows (in thousands):
|  | Goodwill |  | Intangible Assets
|  | Distribution | Service | Total |  | Distribution | Service | Total
Net Book Value as of March 27, 2021 |  | $ | 11,458 |  | $ | 31,814 |  | $ | 43,272 |  | $ | 920 |  | $ | 6,593 |  | $ | 7,513 |
Additions |  |  | - |  |  | 16,206 |  |  | 16,206 |  |  | - |  |  | 6,690 |  |  | 6,690 |
Amortization |  |  | - |  |  | - |  |  | - |  |  | (136 | ) |  | (1,213 | ) |  | (1,349 | )
Currency Translation Adjustment |  |  | - |  |  | (37 | ) |  | (37 | ) |  | - |  |  | (101 | ) |  | (101 | )
Net Book Value as of September 25, 2021 |  | $ | 11,458 |  | $ | 47,983 |  | $ | 59,441 |  | $ | 784 |  | $ | 11,969 |  | $ | 12,753 |

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- Definition Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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