Note D - Income Per Share

9 Months Ended

Dec. 29, 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 and restricted stock unit awards.

The following chart provides a reconciliation of information used in calculating the per-share amounts for the thirteen and thirty-nine week periods ended December 29, 2024 and December 24, 2023, respectively.

	Thirteen weeks ended				Thirty-nine weeks ended
	December 29, 2024		December 24, 2023		December 29, 2024		December 24, 2023
Net income	$	4,484	$	2,607	$	19,791	$	15,706
Common Stock:
Weighted average basic shares outstanding		4,086		4,080		4,085		4,080
Effect of dilutive share-based awards		7		-		7		7
Weighted average diluted shares outstanding		4,093		4,080		4,092		4,087
Net income per share:
Basic	$	1.10	$	0.64	$	4.84	$	3.85
Diluted	$	1.10	$	0.64	$	4.84	$	3.84
Anti-dilutive share-based awards		120		20		120		20