Earnings Per Share

3 Months Ended

Jun. 30, 2012

Earnings Per Share [Abstract]

Earnings Per Share Text Block

9.       Earnings per share for the Quarters Ended June 30, 2012 and July 2, 2011 are as follows:

		F I R S T Q U A R T E R
		Fiscal	Fiscal
(Thousands except per share amounts)		2013	2012
Basic
Net Earnings (loss)	$	8,191	$	(7,975)
Deduct preferred stock dividends paid		6		6
Undistributed earnings (loss)		8,185		(7,981)
Earnings (loss) attributable to participating preferred		278		(273)
Earnings (loss) attributable to common shareholders	$	7,907	$	(7,708)
Weighted average common shares outstanding		11,687		11,736
Basic earnings (loss) per common share	$	0.68	$	(0.66)
Diluted
Earnings (loss) attributable to common shareholders	$	7,907	$	(7,708)
Add dividends on convertible preferred stock		5		5
Earnings (loss) attributable to common stock on a diluted basis	$	7,912	$	(7,703)
Weighted average common shares outstanding-basic		11,687		11,736
Additional shares issued related to the equity compensation plan		5		5
Additional shares to be issued under full conversion of preferred stock		67		67
Total shares for diluted		11,759		11,808
Diluted earnings (loss) per common share	$	0.67	$	(0.66)