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Note 12 - Earnings Per Common Share
 3 Months Ended
Jun. 29, 2019
Notes to Financial Statements  
Earnings Per Share [Text Block]
12.
Earnings per Common
Share
 
Earnings per share from continuing and discontinued operations for the quarters ended
June 29, 2019
and
June 30, 2018
are as follows:
 
   
Q U A R T E R
  
(Thousands, except share amounts)
  
Fiscal 2020
    
Fiscal 2019
  
Continuing Operations
  
 
 
 
  
 
 
 
Basic
                
                 
Earnings (loss) from continuing operations
   $
1,103
     $
(2,160
 )
Deduct preferred stock dividends paid
    
6
      
6
  
                 
Undistributed earnings (loss) from continuing operations
    
1,097
      
(2,166
 )
Earnings (loss) from continuing operations attributable to participating preferred
    
4
      
(8
 )
                 
Earnings (loss) from continuing operations attributable to common shareholders
   $
1,093
     $
(2,158
 )
                 
Weighted average common shares outstanding
    
9,477
      
9,744
  
                 
Basic earnings (loss) per common share from continuing operations
   $
0.12
     $
(0.22
 )
                 
Diluted
                
                 
Earnings (loss) from continuing operations attributable to common shareholders
   $
1,093
     $
(2,158
 )
Add dividends on convertible preferred stock
    
5
      
-
  
                 
Earnings (loss) from continuing operations attributable to common stock on a diluted basis
   $
1,098
     $
(2,158
 )
                 
Weighted average common shares outstanding-basic
    
9,477
      
9,744
  
Additional shares issued related to the equity compensation plan
    
2
      
-
  
Additional shares to be issued under full conversion of preferred stock
    
67
      
-
  
                 
Total shares for diluted
    
9,546
      
9,744
  
                 
Diluted earnings (loss) per common share from continuing operations
   $
0.12
     $
(0.22
 )
 
Note: For fiscal
2019,
add backs for equity compensation and additional shares that were anti-dilutive were excluded.
 
 
   
Q U A R T E R
  
(Thousands, except share amounts)
  
Fiscal 2020
    
Fiscal 2019
  
Discontinued Operations
  
 
 
 
  
 
 
 
Basic
                
                 
Loss from discontinued operations
   $
-
     $
(6,595
 )
Deduct preferred stock dividends paid
    
-
      
6
  
                 
Undistributed loss from continuing operations
    
-
      
(6,601
 )
Loss from continuing operations attributable to participating preferred
    
-
      
(26
 )
                 
Loss from continuing operations attributable to common shareholders
   $
-
     $
(6,575
 )
                 
Weighted average common shares outstanding
    
9,477
      
9,744
  
                 
Basic loss per common share from continuing operations
   $
-
     $
(0.67
 )
                 
Diluted
                
                 
Loss from continuing operations attributable to common shareholders
   $
-
     $
(6,575
 )
Add dividends on convertible preferred stock
    
-
      
-
  
                 
Loss from continuing operations attributable to common stock on a diluted basis
   $
-
     $
(6,575
 )
                 
Weighted average common shares outstanding-basic
    
9,477
      
9,744
  
Additional shares issued related to the equity compensation plan
    
2
      
-
  
Additional shares to be issued under full conversion of preferred stock
    
67
      
-
  
                 
Total shares for diluted
    
9,546
      
9,744
  
                 
Diluted loss per common share from continuing operations
   $
-
     $
(0.67
 )
 
  
Note: For fiscal
2019,
add backs for equity compensation and additional shares that were anti-dilutive were excluded.