Earnings per Share

9 Months Ended

Jan. 01, 2012

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				Nine months ended
	January 1,		December 31,		January 1,		December 31,
	2012		2010		2012		2010
Weighted-average common shares outstanding – basic		10,332,480		10,259,458		10,320,810		10,256,674
Dilutive impact of stock options, performance units, and restricted stock		78,053		96,430		82,901		79,495
Weighted-average common shares outstanding - diluted		10,410,533		10,355,888		10,403,711		10,336,169

For the periods ended January 1, 2012 and December 31, 2010, there were no shares or stock options excluded from the calculation of weighted-average common shares for diluted EPS.