Earnings Per Share

6 Months Ended

Sep. 26, 2015

10. Earnings (loss) per share for the Quarters Ended September 26, 2015 and September 27, 2014 are as follows:

		Q U A R T E R				YEAR TO DATE
	Fiscal		Fiscal		Fiscal		Fiscal
	2016		2015		2016		2015
	(In thousands, except per share amounts)
Basic

Net earnings (loss)	$	6,522	$	(578)	$	9,490	$	(685)
Deduct preferred stock dividends paid		6		6		12		12

Undistributed earnings (loss)		6,516		(584)		9,478		(697)
Earnings (loss) attributable to participating preferred		60		(8)		102		(13)

Earnings (loss) attributable to common shareholders	$	6,456	$	(576)	$	9,376	$	(684)

Weighted average common shares outstanding		9,901		10,774		9,895		10,787

Basic earnings (loss) per common share	$	0.65	$	(0.05)	$	0.95	$	(0.06)

Diluted

Earnings (loss) attributable to common shareholders	$	6,456	$	(576)	$	9,376	$	(684)
Add dividends on convertible preferred stock		5		5		10		10

Earnings (loss) attributable to common stock on a diluted basis	$	6,461	$	(571)	$	9,386	$	(674)

Weighted average common shares outstanding-basic		9,901		10,774		9,895		10,787
Additional shares issuable related to the
equity compensation plan		2		4		2		4
Additional shares to be issued under full
conversion of preferred stock		67		67		67		67

Total shares for diluted		9,970		10,845		9,964		10,858

Diluted earnings (loss) per common share	$	0.65	$	(0.05)	$	0.94	$	(0.06)