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Note 12 - Earnings Per Common Share
 3 Months Ended
Jul. 03, 2021
Notes to Financial Statements  
Earnings Per Share [Text Block]

12.

Earnings per Common Share

 

Earnings per share for the three months ended July 3, 2021 and June 27, 2020 are as follows (in thousands, except per share amounts):

 

  

Three Months Ended

 
  

July 3,

  

June 27,

 
  

2021

  

2020

 
         

Basic

        
         

Net earnings

 $14,136  $20,706 

Deduct preferred stock dividends paid

  6   6 
         

Undistributed net earnings

  14,130   20,700 

Earnings attributable to participating preferred

  54   81 
         

Earnings attributable to common shareholders

 $14,076  $20,619 
         

Weighted average common shares outstanding

  9,025   9,118 
         

Basic earnings per common share

 $1.56  $2.26 
         

Diluted

        
         

Earnings attributable to common shareholders

 $14,076  $20,619 

Add dividends on convertible preferred stock

  5   5 
         

Earnings attributable to common stock on a diluted basis

 $14,081  $20,624 
         

Weighted average common shares outstanding-basic

  9,025   9,118 

Additional shares issued related to the equity compensation plan

  5   3 

Additional shares to be issued under full conversion of preferred stock

  67   67 
         

Total shares for diluted

  9,097   9,188 
         

Diluted earnings per common share

 $1.55  $2.24