Earnings Per Share

6 Months Ended

Oct. 01, 2016

Earnings Per Share [Abstract]

Earnings Per Share Text Block

10.Earnings per Common Share Earnings per share for the quarters ended October 1, 2016 and September 26, 2015are as follows:

		Q U A R T E R				YEAR TO DATE
	Fiscal		Fiscal		Fiscal		Fiscal
	2017		2016		2017		2016
	(In thousands, except per share amounts)
Basic
Net earnings	$	6,144	$	6,522	$	6,082	$	9,490
Deduct preferred stock dividends paid		6		6		12		12
Undistributed earnings		6,138		6,516		6,070		9,478
Earnings attributable to participating preferred		56		60		56		102
Earnings attributable to common shareholders	$	6,082	$	6,456	$	6,014	$	9,376
Weighted average common shares outstanding		9,792		9,901		9,800		9,895
Basic earnings per common share	$	0.62	$	0.65	$	0.61	$	0.95
Diluted
Earnings attributable to common shareholders	$	6,082	$	6,456	$	6,014	$	9,376
Add dividends on convertible preferred stock		5		5		10		10
Earnings attributable to common stock on a diluted basis	$	6,087	$	6,461	$	6,024	$	9,386
Weighted average common shares outstanding-basic		9,792		9,901		9,800		9,895
Additional shares issuable related to the
equity compensation plan		3		2		3		2
Additional shares to be issued under full
conversion of preferred stock		67		67		67		67
Total shares for diluted		9,862		9,970		9,870		9,964
Diluted earnings per common share	$	0.62	$	0.65	$	0.61	$	0.94