Note C - Income Per Share

12 Months Ended

Mar. 25, 2018

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE

C

- INCOME PER SHARE

Basic income per common share is calculated by dividing income by the weighted-average number of common shares outstanding and excludes any dilutive effect of stock options. Diluted 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 and warrants, as determined using the treasury stock method.

The following chart provides a reconciliation of information used in calculating the per-share amounts for the fiscal years ended

March 25, 2018,

March 26, 2017

and

March 27, 2016,

respectively:

	Net Income						Shares						Net income per share
	201 8		2017		2016		201 8		2017		2016		201 8			2017			2016
Basic EPS
Basic calculation	$	2,630	$	7,485	$	6,096		4,181,000		4,172,000		4,430,000	$	0.63		$	1.79		$	1.38
Effect of dilutive
employee stock options		-		-		-		40,000		34,000		33,000		(.01	)		(.01	)		(.01	)
Diluted EPS
Diluted calculation	$	2,630	$	7,485	$	6,096		4,221,000		4,206,000		4,463,000	$	0.62		$	1.78		$	1.37

No

options to purchase shares of common stock for the years ended

March 25, 2018,

March 26, 2017

and

March 27, 2016

were excluded from the computation of diluted earnings per share.