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Earnings per Common Share | 6 Months Ended
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Sep. 28, 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 |  | Six Months Ended
(thousands, except per share data) |  | September 28, 2024 |  | September 23, 2023 |  | September 28, 2024 |  | September 23, 2023
Numerator for earnings per common share calculation: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 5,647 |  | $ | 12,872 |  | $ | 11,510 |  | $ | 21,701
Less: Preferred stock dividends |  |  | (337) |  |  | (337) |  |  | (675) |  |  | (466)
Income available to common shareholders |  | $ | 5,310 |  | $ | 12,535 |  | $ | 10,835 |  | $ | 21,235
Denominator for earnings per common share calculation: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares - basic |  |  | 29,934 |  |  | 31,434 |  |  | 29,925 |  |  | 31,427
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |
Preferred stock |  |  | 1,205 |  |  | 779 |  |  | 1,205 |  |  | 620
Stock options |  |  | — |  |  | 1 |  |  | — |  |  | 1
Restricted stock |  |  | 85 |  |  | 58 |  |  | 71 |  |  | 64
Weighted average common shares - diluted |  |  | 31,224 |  |  | 32,272 |  |  | 31,201 |  |  | 32,112
Basic earnings per common share |  | $ | 0.18 |  | $ | 0.40 |  | $ | 0.37 |  | $ | 0.68
Diluted earnings per common share |  | $ | 0.18 |  | $ | 0.40 |  | $ | 0.37 |  | $ | 0.68
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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