NOTE

- INCOME PER SHARE

Basic income per common share is calculated by dividing income by the weighted-average number of common shares outstanding and excludes any dilutive effect of stock options. Diluted income per common share gives effect to all potentially dilutive common shares that were outstanding during the period. Dilutive common shares used in the computation of diluted income per common share result from the assumed exercise of stock options and warrants, as determined using the treasury stock method.

The following chart provides a reconciliation of information used in calculating the per-share amounts for the fiscal years ended

March 31, 2019,

March 25, 2018

and

March 26, 2017,

respectively:

	Net Income						Shares						Net income per share
	2019		2018		2017		2019		2018		2017		2019			2018			2017

Basic EPS
Basic calculation	$	21,493	$	2,630	$	7,485		4,187,000		4,181,000		4,172,000	$	5.13		$	0.63		$	1.79
Effect of dilutive employee stock options		-		-		-		33,000		40,000		34,000		(.04	)		(.01	)		(.01	)

Diluted EPS
Diluted calculation	$	21,493	$	2,630	$	7,485		4,220,000		4,221,000		4,206,000	$	5.09		$	0.62		$	1.78

Options to purchase

10,000

shares of common stock for the year ended

March 31, 2019

were

not

included in the computation of diluted earnings per share because the exercise price exceeded the average market price.