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Earnings Per Share
 3 Months Ended
Jun. 27, 2015
Earnings Per Share [Abstract]  
Earnings Per Share, Policy [Policy Text Block]
Basic earnings per common share is computed based on the weighted-average number of common shares outstanding during the reporting period. Diluted earnings per common share is computed based on the combination of dilutive common share equivalents, comprised of shares issuable under the Company's stock-based compensation plans and the weighted-average number of common shares outstanding during the reporting period. Dilutive common share equivalents include the dilutive effect of in-the-money options to purchase shares, which is calculated based on the average share price for each period using the treasury stock method.
Earnings Per Share
Earnings Per Share
Basic earnings per common share is computed based on the weighted-average number of common shares outstanding during the reporting period. Diluted earnings per common share is computed based on the combination of dilutive common share equivalents, comprised of shares issuable under the Company's stock-based compensation plans and the weighted-average number of common shares outstanding during the reporting period. Dilutive common share equivalents include the dilutive effect of in-the-money options to purchase shares, which is calculated based on the average share price for each period using the treasury stock method. The following table sets forth the computation of basic and diluted earnings per share (dollars in thousands, except per share amounts):
 
Three Months Ended
 
June 27,
2015
 
June 28,
2014
Net income
$
5,385

 
$
5,759

Weighted average shares outstanding:
 
 
 
Basic
8,863,648

 
8,848,157

Common stock equivalents—treasury stock method
156,613

 
164,139

Diluted
9,020,261

 
9,012,296

Net income per share:
 
 
 
Basic
$
0.61

 
$
0.65

Diluted
$
0.60

 
$
0.64


There were 14,711 anti-dilutive common stock equivalents excluded from the computation of diluted earnings per share for the three months ended June 27, 2015, and none for the three months ended June 28, 2014.