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Earnings Per Common Share | 12 Months Ended
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Mar. 28, 2020
Earnings Per Common Share [Abstract] |
Earnings Per Common Share | NOTE 11 – EARNINGS PER COMMON SHARE A reconciliation of basic and diluted earnings per common share for the years ended March is as follows:
|  | Year Ended Fiscal March
|  | 2020 |  | 2019 |  | 2018
|  | (Amounts in thousands, except per share data)
Numerator for earnings per common share calculation: |  |  |  |  |  |  |  |  |
Net income |  | $ | 58,024 |  | $ | 79,752 |  | $ | 63,935
Less: Preferred stock dividends |  |  | (449) |  |  | (408) |  |  | (368)
Income available to common stockholders |  | $ | 57,575 |  | $ | 79,344 |  | $ | 63,567
Denominator for earnings per common share calculation: |  |  |  |  |  |  |  |  |
Weighted average common shares, basic |  |  | 33,246 |  |  | 32,980 |  |  | 32,767
Effect of dilutive securities: |  |  |  |  |  |  |  |  |
Preferred stock |  |  | 510 |  |  | 510 |  |  | 510
Stock options |  |  | 167 |  |  | 154 |  |  | 56
Restricted stock |  |  | 30 |  |  | 31 |  |  | 8
Weighted average common shares, diluted |  |  | 33,953 |  |  | 33,675 |  |  | 33,341
Basic earnings per common share: |  | $ | 1.73 |  | $ | 2.41 |  | $ | 1.94
Diluted earnings per common share: |  | $ | 1.71 |  | $ | 2.37 |  | $ | 1.92
The computation of diluted earnings per common share for fiscal 2020, 2019 and 2018 excludes the effect of assumed exercise of approximately 177,000, 146,000 and 1,091,000 of stock options, respectively, as the exercise price of these options was greater than the average market value of our common stock for those periods, resulting in an anti-dilutive effect on diluted earnings per common share.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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