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Earnings (Loss) per Common Share
 12 Months Ended
Mar. 29, 2025
Earnings (Loss) per Common Share [Abstract]  
Earnings (Loss) per Common Share Note 11 – Earnings (Loss) per Common Share

Earnings (Loss) per Common Share

(thousands, except per share data)

2025

2024

2023

Numerator for (loss) earnings per common share calculation:

Net (loss) income

$

(5,182)

$

37,571

$

39,048

Less: Preferred stock dividends

(1,349)

(1,141)

(515)

(Loss) income available to common stockholders

$

(6,531)

$

36,430

$

38,533

Denominator for earnings per common share calculation:

Weighted average common shares - basic

29,937

30,903

32,144

Effect of dilutive securities:

Preferred stock

—

918

460

Stock options

—

—

—

Restricted stock

—

73

49

Weighted average common shares - diluted

29,937

31,894

32,653

Basic (loss) earnings per common share

$

(0.22)

$

1.18

$

1.20

Diluted (loss) earnings per common share

$

(0.22)

$

1.18

$

1.20

Diluted (loss) earnings per share includes the potential dilutive effect of common stock equivalents as if such securities were converted or exercised during the period when the effect is dilutive. Because the impact of these items is generally anti-dilutive during periods of net loss, there is no difference between basic and diluted loss per common share for periods with net losses.

The computation of diluted (loss) earnings per common share for 2025, 2024, and 2023 excludes the effect of the assumed exercise of approximately 767,000, 608,000, and 658,000 of stock options, respectively, as the exercise price of these options was greater than the average market value of our common stock for those periods, resulting in an anti-dilutive effect on diluted (loss) earnings per common share.