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Note 3 - Earnings Per Common Share
 6 Months Ended
Sep. 28, 2024
Notes to Financial Statements  
Earnings Per Share [Text Block]

3.

Earnings per Common Share 

 

Earnings per share for the three and six months ended September 28, 2024 and September 30, 2023 are as follows (in thousands, except per share amounts):

 

   

Three Months Ended

    

Six Months Ended

  
   

September 28,

    

September 30,

    

September 28,

    

September 30,

  
   

2024

    

2023

    

2024

    

2023

  

Basic

                                

Net earnings

   $ 13,303     $ 24,779     $ 25,964     $ 47,890  

Deduct preferred stock dividends paid

     -       6       12       12  

Undistributed net earnings

     13,303       24,773       25,952       47,878  

Earnings attributable to participating preferred shareholders

     16       28       31       53  

Earnings attributable to common shareholders

   $ 13,287     $ 24,745     $ 25,921     $ 47,825  

Weighted average common shares outstanding

     6,915       7,445       6,938       7,521  

Basic earnings per common share

   $ 1.92     $ 3.32     $ 3.74     $ 6.36  
                                 

Diluted

                                

Earnings attributable to common shareholders

   $ 13,287     $ 24,745     $ 25,921     $ 47,825  

Add dividends on convertible preferred stock

     5       5       10       10  

Earnings attributable to common stock on a diluted basis

   $ 13,292     $ 24,750     $ 25,931     $ 47,835  

Weighted average common shares outstanding - basic

     6,915       7,445       6,938       7,521  

Additional shares to be issued under full conversion of preferred stock

     67       67       67       67  

Total shares for diluted

     6,982       7,512       7,005       7,588  

Diluted earnings per common share

   $ 1.90     $ 3.29     $ 3.70     $ 6.30