Earnings Per Share

3 Months Ended

Jul. 02, 2016

Earnings Per Share [Abstract]

Earnings Per Share Text Block

10.Earnings per Common Share (Loss) earnings per share for the quarters ended July 2, 2016 and June 27, 2015 are as follows:

		F I R S T Q U A R T E R
		Fiscal	Fiscal
(Thousands except per share amounts)		2017	2016
Basic
Net (loss) earnings	$	(62)	$	2,968
Deduct preferred stock dividends paid		6		6
Undistributed (loss) earnings		(68)		2,962
(Loss) earnings attributable to participating preferred		(1)		37
(Loss) earnings attributable to common shareholders	$	(67)	$	2,925
Weighted average common shares outstanding		9,808		9,888
Basic (loss) earnings per common share	$	(0.01)	$	0.30
Diluted
(Loss) earnings attributable to common shareholders	$	(67)	$	2,925
Add dividends on convertible preferred stock		5		5
(Loss) earnings attributable to common stock on a diluted basis	$	(62)	$	2,930
Weighted average common shares outstanding-basic		9,808		9,888
Additional shares issued related to the equity compensation plan		3		5
Additional shares to be issued under full conversion of preferred stock		67		67
Total shares for diluted		9,878		9,960
Diluted (loss) earnings per common share	$	(0.01)	$	0.29