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Earnings per Common Share (Tables)
3 Months Ended
Jun. 29, 2024
Earnings per Common Share [Abstract]  
Reconciliation of Basic and Diluted Earnings per Share

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