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Earnings per Share
6 Months Ended
Oct. 02, 2011
Earnings per Share [Abstract] 
Earnings per Share

Note 2 – Earnings per Share

Basic earnings per share (“EPS”) are computed by dividing net earnings by the weighted-average number of common shares outstanding. Diluted EPS includes the incremental shares assumed to be issued upon the exercise of stock options and the incremental shares assumed to be issued as performance units and restricted stock. Basic and diluted EPS were calculated using the following:

 

                                 
    Three months ended     Six months ended  
    October 2,
2011
    September 30,
2010
    October 2,
2011
    September 30,
2010
 

Weighted-average common shares outstanding – basic

    10,322,768         10,257,175         10,314,973         10,255,297    

Dilutive impact of stock options, performance units, and restricted stock

    42,604         75,589         47,874         66,058    
   

 

 

   

 

 

   

 

 

   

 

 

 

Weighted-average common shares outstanding – diluted

        10,365,372             10,332,764             10,362,847             10,321,355    
   

 

 

   

 

 

   

 

 

   

 

 

 

For the periods ended October 2, 2011 and September 30, 2010, there were no shares or stock options excluded from the calculation of weighted-average common shares for diluted EPS.