Note D - Income Per Share

9 Months Ended

Dec. 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 thirty-nine week periods ended December 28, 2025 and December 29, 2024, respectively.

	Thirteen weeks ended				Thirty-nine weeks ended
	December 28, 2025		December 29, 2024		December 28, 2025		December 29, 2024
Net income	$	3,084	$	4,484	$	17,211	$	19,791
Common Stock:
Weighted average basic shares outstanding		4,090,000		4,086,000		4,090,000		4,085,000
Effect of dilutive share-based awards		29,000		7,000		34,000		7,000
Weighted average diluted shares outstanding		4,119,000		4,093,000		4,124,000		4,092,000
Net income per share:
Basic	$	0.75	$	1.10	$	4.21	$	4.84
Diluted	$	0.75	$	1.10	$	4.17	$	4.84
Anti-dilutive share-based awards		-		120,000		-		120,000