Stockholders Equity Note

9 Months Ended

Dec. 29, 2012

Stockholders Equity Note [Abstract]

Stockholders Equity Note Disclosure Text Block

5.       During the nine-month period ended December 29, 2012, there were 33,760shares, or $8,000, of Class B Common Stock (at Par), converted to Class A Common Stock and there were 52,200shares, or $801,000of Participating Preferred Stock, also converted to Class A Common Stock. During the nine month period ended December 29, 2012, the Company repurchased 89,046, shares or $2,518,000 of its Class A Common Stock. As of December 29, 2012, 153,879shares or $3,953,000 of stock have been repurchased under the Company's share repurchase program. In addition, on August 30, 2012, the Company repurchased 864,334 shares of Class A Common Stock in a Board approved transaction outside of the Company's share repurchase program for $25,930,000. All shares were repurchased as Treasury Stock and are not considered outstanding. During the three month period ended June 30, 2012, there were 1,330 shares, or $29,000 of Class B Common Stock issued in lieu of cash compensation under the Company's Profit Sharing Bonus Plan.