Earnings (Loss) per Common Share

6 Months Ended

Sep. 27, 2025

Earnings (Loss) per Common Share [Abstract]

Note 3 – Earnings (Loss) per Common Share

Basic earnings (loss) 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 (loss) per common share amounts are calculated by dividing net income by the weighted average number of shares of common stock outstanding adjusted to give effect to potentially dilutive securities.



Earnings (Loss) per Common Share	Three Months Ended				Six Months Ended
(thousands, except per share data)	September 27, 2025		September 28, 2024		September 27, 2025		September 28, 2024
Numerator for earnings (loss) per common share calculation:
Net income (loss)	$	5,665	$	5,647	$	(2,385)	$	11,510
Less: Preferred stock dividends		(337)		(337)		(675)		(675)
Income (loss) available to common shareholders	$	5,328	$	5,310	$	(3,060)	$	10,835
Denominator for earnings (loss) per common share calculation:
Weighted average common shares - basic		30,000		29,934		29,983		29,925
Effect of dilutive securities:
Preferred stock		1,205		1,205		—		1,205
Restricted stock		158		85		—		71
Weighted average common shares - diluted		31,363		31,224		29,983		31,201

Basic earnings (loss) per common share	$	0.18	$	0.18	$	(0.10)	$	0.37
Diluted earnings (loss) per common share	$	0.18	$	0.18	$	(0.10)	$	0.37

Diluted earnings (loss) per share includes the potential dilutive effect of common stock equivalents as if such securities were converted or exercised during the period when the effect is dilutive. Because the impact of these items is generally anti-dilutive during periods of net loss, there is no difference between basic and diluted loss per common share for periods with net losses.

Weighted average common share equivalents that have an anti-dilutive impact are excluded from the computation of diluted earnings (loss) per common share.