Note 3 - Earnings Per Common Share

6 Months Ended

Sep. 27, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

3. Earnings per Common Share 

Earnings per share for the three and six months ended September 27, 2025 and September 28, 2024 are as follows (in thousands, except per share amounts): 

	Three Months Ended				Six Months Ended
	September 27,		September 28,		September 27,		September 28,
	2025		2024		2025		2024
Basic
Net earnings	$	29,739	$	13,303	$	44,624	$	25,964
Deduct preferred stock dividends		-		-		12		12
Undistributed net earnings		29,739		13,303		44,612		25,952
Earnings attributable to participating preferred shareholders		29		16		47		31
Earnings attributable to common shareholders	$	29,710	$	13,287	$	44,565	$	25,921
Weighted average common shares outstanding		6,858		6,915		6,870		6,938
Basic earnings per common share	$	4.33	$	1.92	$	6.49	$	3.74
Diluted
Earnings attributable to common shareholders	$	29,710	$	13,287	$	44,565	$	25,921
Add dividends on convertible preferred stock		5		5		10		10
Earnings attributable to common stock on a diluted basis	$	29,715	$	13,292	$	44,575	$	25,931
Weighted average common shares outstanding - basic		6,858		6,915		6,870		6,938
Additional shares to be issued under full conversion of preferred stock		67		67		67		67
Total shares for diluted		6,925		6,982		6,937		7,005
Diluted earnings per common share	$	4.29	$	1.90	$	6.43	$	3.70