Note 3 - Earnings Per Common Share

9 Months Ended

Dec. 28, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

3. Earnings per Common Share 

Earnings per share for the three and nine months ended December 28, 2024 and December 30, 2023 are as follows (in thousands, except per share amounts):

	Three Months Ended				Nine Months Ended
	December 28,		December 30,		December 28,		December 30,
	2024		2023		2024		2023
Basic
Net earnings	$	14,659	$	17,675	$	40,623	$	65,565
Deduct preferred stock dividends		11		6		23		17
Undistributed net earnings		14,648		17,669		40,600		65,548
Earnings attributable to participating preferred shareholders		17		21		48		73
Earnings attributable to common shareholders	$	14,631	$	17,648	$	40,552	$	65,475
Weighted average common shares outstanding		6,887		7,131		6,921		7,391
Basic earnings per common share	$	2.12	$	2.47	$	5.86	$	8.86
Diluted
Earnings attributable to common shareholders	$	14,631	$	17,648	$	40,552	$	65,475
Add dividends on convertible preferred stock		5		5		15		15
Earnings attributable to common stock on a diluted basis	$	14,636	$	17,653	$	40,567	$	65,490
Weighted average common shares outstanding - basic		6,887		7,131		6,921		7,391
Additional shares to be issued under full conversion of preferred stock		67		67		67		67
Total shares for diluted		6,954		7,198		6,988		7,458
Diluted earnings per common share	$	2.10	$	2.45	$	5.81	$	8.78