Note D - Income Per Share

3 Months Ended

Jun. 28, 2026

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 week periods ended June 28, 2026 and June 29, 2025, respectively (in thousands, except share and per share amounts):

	June 28, 2026		June 29, 2025
Net income	$	8,829	$	8,928
Common Stock:
Weighted average basic shares outstanding		4,095,000		4,089,000
Effect of dilutive share-based awards		34,000		35,000
Weighted average diluted shares outstanding		4,129,000		4,124,000
Net income per share:
Basic	$	2.16	$	2.18
Diluted	$	2.14	$	2.16

There were no anti-dilutive share-based awards for the thirteen week periods ended June 28, 2026 and June 29, 2025.