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Earnings per Common Share (Tables)
12 Months Ended
Mar. 25, 2023
Earnings per Common Share [Abstract]  
Reconciliation of Basic and Diluted Earnings per Share

Earnings per Common Share

(thousands, except per share data)

2023

2022

2021

Numerator for earnings per common share calculation:

Net income

$

39,048

$

61,568

$

34,319

Less: Preferred stock dividends

(515)

(469)

(438)

Income available to common stockholders

$

38,533

$

61,099

$

33,881

Denominator for earnings per common share calculation:

Weighted average common shares - basic

32,144

33,527

33,329

Effect of dilutive securities:

Preferred stock

460

460

503

Stock options

12

26

Restricted stock

49

39

18

Weighted average common shares - diluted

32,653

34,038

33,876

Basic earnings per common share

$

1.20

$

1.82

$

1.02

Diluted earnings per common share

$

1.20

$

1.81

$

1.01