Note C - Net Income Per Share

12 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE C – NET INCOME PER SHARE

Basic net income per common share is calculated by dividing net income by the weighted average number of common shares outstanding and excludes any dilutive effect of share-based awards. Diluted net 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 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, 2024 and March 26, 2023, respectively:

	March 31,		March 26,
	2024		2023
Net income	$	19,616	$	19,623
Common Stock:
Weighted average basic shares outstanding		4,081		4,089
Effect of dilutive share-based awards		6		1
Weighted average diluted shares outstanding		4,087		4,090
Net income per share:
Basic	$	4.81	$	4.80
Diluted	$	4.80	$	4.80
Anti-dilutive share-based awards		10		10