Significant accounting policies (Tables)

12 Months Ended

Mar. 31, 2018

Depreciation and amortization are computed using the straight-line method based on the estimated useful lives of the assets as follows:


Asset				Period

Leasehold improvements				Lesser of term of the lease or the economic life
Software and electronic equipment				1 - 6 years
Furniture and fixtures				5 - 8 years
Equipment				3 - 8 years

Basic and Diluted Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share for the years ended March 31, 2018, March 25, 2017, and March 26, 2016:


	Fiscal Year Ended
	March 31, 2018		March 25, 2017		March 25, 2016
	(In thousands, except per share data)

Basic income per common share computation:
Numerator:
Net income	$	11,699	$	4,928	$	5,438
Denominator:
Weighted-average common shares outstanding		17,961		17,961		17,961

Income per common share	$	0.65	$	0.27	$	0.30

Diluted income per common share computation:
Numerator:
Net income	$	11,699	$	4,928	$	5,438
Denominator:
Weighted-average common shares outstanding		17,961		17,961		17,961
Dilutive effect of stock options and warrants		432		457		-

Weighted-average common shares outstanding – diluted		18,393		18,418		17,961
Diluted income per common share	$	0.64	$	0.27	$	0.30

The following table sets forth the computation of basic and diluted earnings from continuing operations per common share for the years ended March 31, 2018, March 25, 2017, and March 26, 2016:


	Fiscal Year Ended
	March 31, 2018			March 25, 2017			March 25, 2016
	(In thousands, except per share data)

Basic income from continuing operations per common share computation:
Numerator:
Net (loss) income from continuing operations	$	(16,778	)	$	(7,056	)	$	225
Denominator:
Weighted-average common shares outstanding		17,961			17,961			17,961

Income (loss) per common share	$	(0.93	)	$	(0.39	)	$	0.01

Diluted income per common share computation:
Numerator:
Net income	$	(16,778	)	$	(7,056	)	$	225
Denominator:
Weighted-average common shares outstanding		17,961			17,961			17,961
Dilutive effect of stock options and warrants		432			457			-

Weighted-average common shares outstanding – diluted		18,393			18,418			17,961

Diluted income (loss) per common share	$	(0.91	)	$	(0.38	)	$	0.01