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Earnings per Common Share | 6 Months Ended
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Sep. 23, 2023
Earnings per Common Share [Abstract] |
Earnings per Common Share | Note 3 – 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 outstanding adjusted to give effect to potentially dilutive securities.
Earnings per Common Share |  | Three Months Ended |  | Six Months Ended
(thousands, except per share data) |  | September 23, 2023 |  | September 24, 2022 |  | September 23, 2023 |  | September 24, 2022
Numerator for earnings per common share calculation: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 12,872 |  | $ | 13,121 |  | $ | 21,701 |  | $ | 25,605
Less: Preferred stock dividends |  |  | (337) |  |  | (129) |  |  | (466) |  |  | (258)
Income available to common shareholders |  | $ | 12,535 |  | $ | 12,992 |  | $ | 21,235 |  | $ | 25,347
Denominator for earnings per common share calculation: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares - basic |  |  | 31,434 |  |  | 32,204 |  |  | 31,427 |  |  | 32,844
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |
Preferred stock |  |  | 779 |  |  | 460 |  |  | 620 |  |  | 460
Stock options |  |  | 1 |  |  | 1 |  |  | 1 |  |  | —
Restricted stock |  |  | 58 |  |  | 64 |  |  | 64 |  |  | 45
Weighted average common shares - diluted |  |  | 32,272 |  |  | 32,729 |  |  | 32,112 |  |  | 33,349
Basic earnings per common share |  | $ | 0.40 |  | $ | 0.40 |  | $ | 0.68 |  | $ | 0.77
Diluted earnings per common share |  | $ | 0.40 |  | $ | 0.40 |  | $ | 0.68 |  | $ | 0.77
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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