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Earnings per Common Share | 3 Months Ended
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Jun. 29, 2024
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
(thousands, except per share data) |  | June 29, 2024 |  | June 24, 2023
Numerator for earnings per common share calculation: |  |  |  |  |  |
Net income |  | $ | 5,863 |  | $ | 8,829
Less: Preferred stock dividends |  |  | (337) |  |  | (129)
Income available to common shareholders |  | $ | 5,526 |  | $ | 8,700
Denominator for earnings per common share calculation: |  |  |  |  |  |
Weighted average common shares - basic |  |  | 29,916 |  |  | 31,415
Effect of dilutive securities: |  |  |  |  |  |
Preferred stock |  |  | 1,205 |  |  | 460
Stock options |  |  | — |  |  | 1
Restricted stock |  |  | 98 |  |  | 78
Weighted average common shares - diluted |  |  | 31,219 |  |  | 31,954
Basic earnings per common share |  | $ | 0.19 |  | $ | 0.28
Diluted earnings per common share |  | $ | 0.19 |  | $ | 0.28
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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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