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Earnings Per Common Share | 9 Months Ended
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Dec. 25, 2021
Earnings Per Common Share [Abstract] |
Earnings Per Common Share | Note 4 – Earnings per Common Share Basic earnings per common share amounts are calculated by dividing income available to common shareholders, after deducting preferred stock dividends, by the weighted average number of shares of common stock outstanding. Diluted earnings per common share amounts are calculated by dividing net income by the weighted average number of shares of common stock and common stock equivalents outstanding. Common stock equivalents represent potential common shares issuable from the conversion of preferred stock, as well as upon the assumed exercise of common stock options outstanding and from the vesting of restricted stock. Earnings per Common Share Three Months Ended Nine Months Ended(thousands, except per share data) December 25, 2021 December 26, 2020 December 25, 2021 December 26, 2020Numerator for earnings per common share calculation: Net income $ 16,287 $ 6,683 $ 52,953 $ 22,516 Less: Preferred stock dividends (120) (112) (350) (337)Income available to common shareholders $ 16,167 $ 6,571 $ 52,603 $ 22,179 Denominator for earnings per common share calculation: Weighted average common shares - basic 33,542 33,307 33,521 33,296 Effect of dilutive securities: Preferred stock 460 510 460 510 Stock options 13 — 17 16 Restricted stock 41 10 38 18 Weighted average common shares - diluted 34,056 33,827 34,036 33,840 Basic earnings per common share $ 0.48 $ 0.20 $ 1.57 $ 0.67 Diluted earnings per common share $ 0.48 $ 0.20 $ 1.56 $ 0.67 Weighted average common share equivalents that have an anti-dilutive impact are excluded from the computation of diluted earnings per share.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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