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Note C - Net Income Per Share | 12 Months Ended
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Mar. 30, 2025
Notes to Financial Statements |
Earnings Per Share [Text Block] | NOTE C – NET INCOME PER SHARE Basic net income per common share is calculated by dividing net income by the weighted average number of common shares outstanding and excludes any dilutive effect of share-based awards. Diluted net income per common share gives effect to all potentially dilutive common shares that were outstanding during the period. Dilutive common shares used in the computation of diluted income per common share result from the assumed exercise of stock options as determined using the treasury stock method and restricted stock unit awards. The following chart provides a reconciliation of information used in calculating the per-share amounts for the fiscal years ended March 30, 2025 and March 31, 2024, respectively:
|  | March 30, |  |  | March 31, |
|  | 2025 |  |  | 2024 |
Net income |  | $ | 24,026 |  |  | $ | 19,616 |
Common Stock: |  |  |  |  |  |  |  |
Weighted average basic shares outstanding |  |  | 4,086,000 |  |  |  | 4,081,000 |
Effect of dilutive share-based awards |  |  | 9,000 |  |  |  | 6,000 |
Weighted average diluted shares outstanding |  |  | 4,095,000 |  |  |  | 4,087,000 |
Net income per share: |  |  |  |  |  |  |  |
Basic |  | $ | 5.88 |  |  | $ | 4.81 |
Diluted |  | $ | 5.87 |  |  | $ | 4.80 |
Anti-dilutive share-based awards |  |  | - |  |  |  | 10,000 |

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