Note 3 - Earnings Per Common Share

9 Months Ended

Dec. 27, 2025

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 27, 2025 and December 28, 2024 are as follows (in thousands, except per share amounts):

	Three Months Ended				Nine Months Ended
	December 27,		December 28,		December 27,		December 28,
	2025		2024		2025		2024
Basic
Net earnings	$	44,768	$	14,659	$	89,392	$	40,623
Deduct preferred stock dividends		11		11		23		23
Undistributed net earnings		44,757		14,648		89,369		40,600
Earnings attributable to participating preferred shareholders		43		17		92		48
Earnings attributable to common shareholders	$	44,714	$	14,631	$	89,277	$	40,552
Weighted average common shares outstanding		6,837		6,887		6,859		6,921
Basic earnings per common share	$	6.54	$	2.12	$	13.02	$	5.86
Diluted
Earnings attributable to common shareholders	$	44,714	$	14,631	$	89,277	$	40,552
Add dividends on convertible preferred stock		5		5		15		15
Earnings attributable to common stock on a diluted basis	$	44,719	$	14,636	$	89,292	$	40,567
Weighted average common shares outstanding - basic		6,837		6,887		6,859		6,921
Additional shares to be issued under full conversion of preferred stock		67		67		67		67
Total shares for diluted		6,904		6,954		6,926		6,988
Diluted earnings per common share	$	6.48	$	2.10	$	12.89	$	5.81