Earnings Per Share

6 Months Ended

Sep. 27, 2014

Earnings Per Share [Abstract]

Earnings Per Share Text Block

9.Earnings (loss) per share for the Quarters Ended September 27, 2014 and September 28, 2013 are as follows:

		Q U A R T E R				YEAR TO DATE
	Fiscal		Fiscal		Fiscal		Fiscal
	2015		2014		2015		2014
	(In thousands, except per share amounts)
Basic
Net (loss) earnings	$	(578)	$	6,603	$	(685)	$	7,950
Deduct preferred stock dividends paid		6		6		12		12
Undistributed (loss) earnings		(584)		6,597		(697)		7,938
(Loss) earnings attributable to participating preferred		(8)		210		(13)		253
(Loss) earnings attributable to common shareholders	$	(576)	$	6,387	$	(684)	$	7,685
Weighted average common shares outstanding		10,774		10,748		10,787		10,750
Basic (loss) earnings per common share	$	(0.05)	$	0.59	$	(0.06)	$	0.71
Diluted
(Loss) earnings attributable to common shareholders	$	(576)	$	6,387	$	(684)	$	7,685
Add dividends on convertible preferred stock		5		5		10		10
(Loss) Earnings attributable to common stock on a diluted basis	$	(571)	$	6,392	$	(674)	$	7,695
Weighted average common shares outstanding-basic		10,774		10,748		10,787		10,750
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		10,845		10,819		10,858		10,821
Diluted (loss) earnings per common share	$	(0.05)	$	0.59	$	(0.06)	$	0.71