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Earnings Per Share (Tables)
9 Months Ended
Dec. 27, 2015
Earnings Per Share  
Calculation of Basic and Diluted Earnings Per Common Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Quarter Ended

 

Nine Months Ended

 

 

Amounts in thousands, except per share amounts

 

December 27, 2015

 

December 28, 2014

 

December 27, 2015

 

December 28, 2014

 

 

Earnings per share – Basic:

    

 

    

    

 

    

 

 

    

    

 

    

 

 

Net earnings

 

$

2,887

 

$

1,681

 

$

7,330

 

$

8,866

 

 

Less: Distributed and undistributed earnings allocated to nonvested stock

 

 

(8)

 

 

(9)

 

 

(20)

 

 

(48)

 

 

Earnings available to common shareholders – Basic

 

$

2,879

 

$

1,672

 

$

7,310

 

$

8,818

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding – Basic

 

 

8,245

 

 

8,212

 

 

8,228

 

 

8,238

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share – Basic

 

$

0.35

 

$

0.20

 

$

0.89

 

$

1.07

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share – Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

$

2,887

 

$

1,681

 

$

7,330

 

$

8,866

 

 

Less: Distributed and undistributed earnings allocated to nonvested stock

 

 

(8)

 

 

(9)

 

 

(11)

 

 

(29)

 

 

Earnings available to common shareholders – Diluted

 

$

2,879

 

$

1,672

 

$

7,319

 

$

8,837

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding – Basic

 

 

8,245

 

 

8,212

 

 

8,228

 

 

8,238

 

 

Effect of dilutive options

 

 

37

 

 

113

 

 

35

 

 

101

 

 

Weighted average common shares outstanding – Diluted

 

 

8,282

 

 

8,325

 

 

8,263

 

 

8,339

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share – Diluted

 

$

0.35

 

$

0.20

 

$

0.89

 

$

1.06

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Anti-dilutive equity awards not included above

 

 

100,000

 

 

 

 

100,000