Note D - Income Per Share

3 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE D – 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 net income per common share result from the assumed exercise of stock options, as determined using the treasury stock method.

The following chart provides a reconciliation of information used in calculating the per-share amounts for the thirteen week periods ended June 30, 2024 and June 25, 2023, respectively (in thousands, except per share amounts):

	2025		2024
Net income	$	9,277	$	7,388
Common Stock:
Weighted average basic shares outstanding		4,085		4,080
Effect of dilutive share-based awards		4		8
Weighted average diluted shares outstanding		4,089		4,088
Net income per share:
Basic	$	2.27	$	1.81
Diluted	$	2.27	$	1.81
Anti-dilutive share-based awards		-		10