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Note 3 - Earnings Per Common Share
 3 Months Ended
Jul. 01, 2023
Notes to Financial Statements  
Earnings Per Share [Text Block]

3.

Earnings per Common Share

 

Earnings per share for the three months ended July 1, 2023 and July 2, 2022 are as follows (in thousands, except per share amounts):

 

 

    Three Months Ended  
   

July 1,

    

July 2,

  
   

2023

    

2022

  

Basic

                

Net earnings

   $ 23,111     $ 5,103  

Deduct preferred stock dividends paid

     6       6  

Undistributed net earnings

     23,105       5,097  

Earnings attributable to participating preferred

     25       20  

Earnings attributable to common shareholders

   $ 23,080     $ 5,077  
                 

Weighted average common shares outstanding

     7,596       8,155  
                 

Basic earnings per common share

   $ 3.04     $ 0.62  
                 

Diluted

                

Earnings attributable to common shareholders

   $ 23,080     $ 5,077  

Add dividends on convertible preferred stock

     5       5  

Earnings attributable to common stock on a diluted basis

   $ 23,085     $ 5,082  

Weighted average common shares outstanding-basic

     7,596       8,155  

Additional shares issued related to the equity compensation plan

     7       5  

Additional shares to be issued under full conversion of preferred stock

     67       67  

Total shares for diluted

     7,670       8,227  
                 

Diluted earnings per common share

   $ 3.01     $ 0.62