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Earnings per Common Share | 9 Months Ended
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Dec. 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 |  | Nine Months Ended
(thousands, except per share data) |  | December 23, 2023 |  | December 24, 2022 |  | December 23, 2023 |  | December 24, 2022
Numerator for earnings per common share calculation: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 12,170 |  | $ | 13,034 |  | $ | 33,871 |  | $ | 38,639
Less: Preferred stock dividends |  |  | (337) |  |  | (129) |  |  | (804) |  |  | (386)
Income available to common shareholders |  | $ | 11,833 |  | $ | 12,905 |  | $ | 33,067 |  | $ | 38,253
Denominator for earnings per common share calculation: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares - basic |  |  | 30,934 |  |  | 31,470 |  |  | 31,263 |  |  | 32,386
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |
Preferred stock |  |  | 1,205 |  |  | 460 |  |  | 815 |  |  | 460
Restricted stock |  |  | 49 |  |  | 55 |  |  | 64 |  |  | 44
Weighted average common shares - diluted |  |  | 32,188 |  |  | 31,985 |  |  | 32,142 |  |  | 32,890
Basic earnings per common share |  | $ | 0.38 |  | $ | 0.41 |  | $ | 1.06 |  | $ | 1.18
Diluted earnings per common share |  | $ | 0.38 |  | $ | 0.41 |  | $ | 1.05 |  | $ | 1.17
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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