Earnings Per Share

9 Months Ended

Dec. 31, 2011

Earnings Per Share Abstract

Earnings Per Share Text Block

12.       Earnings per share for the Quarters and Year-to-Date Ended December 31, 2011 and January 1, 2011 are as follows:

		Q U A R T E R				YEAR TO DATE
	Fiscal		Fiscal		Fiscal		Fiscal
	2012		2011		2012		2011
	(In thousands, except per share amounts)
Basic
Net earnings	$	18,530	$	11,462	$	13,438	$	19,548
Deduct preferred stock dividends paid		6		6		17		17
Undistributed earnings		18,524		11,456		13,421		19,531
Earnings attributable to participating preferred		627		392		457		1,034
Earnings attributable to common shareholders	$	17,897	$	11,064	$	12,964	$	18,497
Weighted average common shares outstanding		11,728		11,736		11,734		11,507
Basic earnings per common share	$	1.53	$	0.94	$	1.10	$	1.61
Diluted
Earnings attributable to common shareholders	$	17,897	$	11,064	$	12,964	$	18,497
Add dividends on convertible preferred stock		5		5		15		15
Earnings attributable to common stock on a diluted basis	$	17,902	$	11,069	$	12,979	$	18,512
Weighted average common shares outstanding-basic		11,728		11,736		11,734		11,507
Additional shares issuable related to the
equity compensation plan		4		4		4		4
Additional shares to be issued under full
conversion of preferred stock		67		67		67		67
Total shares for diluted		11,799		11,807		11,805		11,578
Diluted earnings per common share	$	1.52	$	0.94	$	1.10	$	1.60