Note D - Income Per Share

6 Months Ended

Sep. 28, 2025

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 twenty-six week periods ended September 28, 2025 and September 29, 2024, respectively (in thousands, except share and per share amounts):

	Thirteen weeks ended				Twenty-six weeks ended
	September 28, 2025		September 29, 2024		September 28, 2025		September 29, 2024
Net income	$	5,199	$	6,030	$	14,127	$	15,307
Common Stock:
Weighted average basic shares outstanding		4,089,000		4,085,000		4,089,000		4,085,000
Effect of dilutive share-based awards		41,000		10,000		38,000		7,000
Weighted average diluted shares outstanding		4,130,000		4,095,000		4,127,000		4,092,000
Net income per share:
Basic	$	1.27	$	1.48	$	3.45	$	3.75
Diluted	$	1.26	$	1.47	$	3.42	$	3.74
Anti-dilutive share-based awards		-		120		-		120