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Earnings per Common Share (Tables)
6 Months Ended
Sep. 28, 2024
Earnings per Common Share [Abstract]  
Reconciliation of Basic and Diluted Earnings per Share

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