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Earnings Per Common Share
9 Months Ended
Dec. 25, 2021
Earnings Per Common Share [Abstract]  
Earnings Per Common Share Note 4 – Earnings per Common Share Basic earnings per common share amounts are calculated by dividing income available to common shareholders, after deducting preferred stock dividends, by the weighted average number of shares of common stock outstanding. Diluted earnings per common share amounts are calculated by dividing net income by the weighted average number of shares of common stock and common stock equivalents outstanding. Common stock equivalents represent potential common shares issuable from the conversion of preferred stock, as well as upon the assumed exercise of common stock options outstanding and from the vesting of restricted stock. Earnings per Common Share Three Months Ended Nine Months Ended(thousands, except per share data) December 25, 2021 December 26, 2020 December 25, 2021 December 26, 2020Numerator for earnings per common share calculation: Net income $ 16,287  $ 6,683  $ 52,953  $ 22,516 Less: Preferred stock dividends (120) (112) (350) (337)Income available to common shareholders $ 16,167  $ 6,571  $ 52,603  $ 22,179 Denominator for earnings per common share calculation: Weighted average common shares - basic 33,542  33,307  33,521  33,296 Effect of dilutive securities: Preferred stock 460  510  460  510 Stock options 13  — 17  16 Restricted stock 41  10  38  18 Weighted average common shares - diluted 34,056  33,827  34,036  33,840  Basic earnings per common share $ 0.48  $ 0.20  $ 1.57  $ 0.67 Diluted earnings per common share $ 0.48  $ 0.20  $ 1.56  $ 0.67  Weighted average common share equivalents that have an anti-dilutive impact are excluded from the computation of diluted earnings per share.