Earnings Per Share

9 Months Ended

Dec. 28, 2013

Earnings Per Share [Abstract]

Earnings Per Share Text Block

10.Earnings per share for the Quarters Ended December 28, 2013 and December 29, 2012 are as follows:

		Q U A R T E R				YEAR TO DATE
	Fiscal		Fiscal		Fiscal		Fiscal
	2014		2013		2014		2013
	(In thousands, except per share amounts)
Basic
Net earnings	$	6,846	$	14,790	$	14,796	$	37,502
Deduct preferred stock dividends paid		6		6		17		17
Undistributed earnings		6,840		14,784		14,779		37,485
Earnings attributable to participating preferred		218		519		472		1,297
Earnings attributable to common shareholders	$	6,622	$	14,265	$	14,307	$	36,188
Weighted average common shares outstanding		10,743		10,767		10,748		11,276
Basic earnings per common share	$	0.62	$	1.32	$	1.33	$	3.21
Diluted
Earnings attributable to common shareholders	$	6,622	$	14,265	$	14,307	$	36,188
Add dividends on convertible preferred stock		5		5		15		15
Earnings attributable to common stock on a diluted basis	$	6,627	$	14,270	$	14,322	$	36,203
Weighted average common shares outstanding-basic		10,743		10,767		10,748		11,276
Additional shares issuable related to the
equity compensation plan		5		4		5		4
Additional shares to be issued under full
conversion of preferred stock		67		67		67		67
Total shares for diluted		10,815		10,838		10,820		11,347
Diluted earnings per common share	$	0.61	$	1.32	$	1.32	$	3.19