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Note 12 - Earnings (Loss) Per Common Share
 6 Months Ended
Sep. 28, 2019
Notes to Financial Statements  
Earnings Per Share [Text Block]
12.
Earnings
(Loss)
per Common
Share
 
Earnings per share from continuing and discontinued operations for the quarters and year-to-date periods ended
September 28, 2019
and
September 29, 2018
are as follows:
 
   
Q U A R T E R
    
Y E A R T O D A T E
  
(Thousands, except per share amounts)
  
Fiscal 2020
    
Fiscal 2019
    
Fiscal 2020
    
Fiscal 2019
  
Continuing Operations
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Basic
                                
                                 
Earnings (loss) from continuing operations
   $
4,635
     $
(5,634
 )   $
5,738
     $
(7,794
 )
Deduct preferred stock dividends paid
    
6
      
6
      
12
      
12
  
                                 
Undistributed earnings (loss) from continuing operations
    
4,629
      
(5,640
 )    
5,726
      
(7,806
 )
Earnings (loss) from continuing operations attributable to participating preferred
    
19
      
(22
 )    
23
      
(30
 )
                                 
Earnings (loss) from continuing operations attributable to common shareholders
   $
4,610
     $
(5,618
 )   $
5,703
     $
(7,776
 )
                                 
Weighted average common shares outstanding
    
9,267
      
9,713
      
9,372
      
9,729
  
                                 
Basic earnings (loss) per common share from continuing operations
   $
0.50
     $
(0.58
 )   $
0.61
     $
(0.80
 )
                                 
Diluted
                                
                                 
Earnings (loss) from continuing operations attributable to common shareholders
   $
4,610
     $
(5,618
 )   $
5,703
     $
(7,776
 )
Add dividends on convertible preferred stock
    
5
      
-
      
10
      
-
  
                                 
Earnings (loss) from continuing operations attributable to common stock on a diluted basis
   $
4,615
     $
(5,618
 )   $
5,713
     $
(7,776
 )
                                 
Weighted average common shares outstanding-basic
    
9,267
      
9,713
      
9,372
      
9,729
  
Additional shares issued related to the equity compensation plan
    
2
      
-
      
2
      
-
  
Additional shares to be issued under full conversion of preferred stock
    
67
      
-
      
67
      
-
  
                                 
Total shares for diluted
    
9,336
      
9,713
      
9,441
      
9,729
  
                                 
Diluted earnings (loss) per common share from continuing operations
   $
0.49
     $
(0.58
 )   $
0.61
     $
(0.80
 )
 
Note: For fiscal
2019,
add backs for equity compenstion and additional shares that were anti-dilutive were excluded.
 
   
Q U A R T E R
    
Y E A R T O D A T E
  
(Thousands, except per share amounts)
  
Fiscal 2020
    
Fiscal 2019
    
Fiscal 2020
    
Fiscal 2019
  
Discontinued Operations
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Basic
                                
                                 
Earnings from discontinued operations
   $
-
     $
14,750
     $
-
     $
8,155
  
Deduct preferred stock dividends paid
    
-
      
6
      
-
      
12
  
                                 
Undistributed earnings from discontinued operations
    
-
      
14,744
      
-
      
8,143
  
Earnings from discontinued operations attributable to participating preferred
    
-
      
57
      
-
      
32
  
                                 
Earnings from discontinued operations attributable to common shareholders
   $
-
     $
14,687
     $
-
     $
8,111
  
                                 
Weighted average common shares outstanding
    
9,267
      
9,713
      
9,372
      
9,729
  
                                 
Basic earnings per common share from discontinued operations
   $
-
     $
1.51
     $
-
     $
0.83
  
                                 
Diluted
                                
                                 
Earnings from discontinued operations attributable to common shareholders
   $
-
     $
14,687
     $
-
     $
8,111
  
Add dividends on convertible preferred stock
    
-
      
5
      
-
      
10
  
                                 
Earnings from continuing operations attributable to common stock on a diluted basis
   $
-
     $
14,692
     $
-
     $
8,121
  
                                 
Weighted average common shares outstanding-basic
    
9,267
      
9,713
      
9,372
      
9,729
  
Additional shares issued related to the equity compensation plan
    
2
      
2
      
2
      
2
  
Additional shares to be issued under full conversion of preferred stock
    
67
      
67
      
67
      
67
  
                                 
Total shares for diluted
    
9,336
      
9,782
      
9,441
      
9,798
  
                                 
Diluted earnings per common share from discontinued operations
   $
-
     $
1.50
     $
-
     $
0.83
  
 
Note: For fiscal
2019,
add backs for equity compensation and additional shares that were anti-dilutive were excluded.