Shareholders' Equity Share Repurchase (Tables)

6 Months Ended

Sep. 26, 2015

Statement of Stockholders' Equity [Abstract]

Accelerated Share Repurchases [Table Text Block]

Share Repurchase Program

In December 2011, the Board of Directors authorized a share repurchase program totaling $20.0 million to acquire shares of our outstanding common stock. The repurchases are to be made at management’s discretion in the open market or in privately negotiated transactions in compliance with applicable securities laws and other legal requirements and are subject to market conditions, share price and other factors.

The Company did not repurchase any shares during the first two quarters of 2016. In the first two quarters of 2015 the Company repurchased 207,738 shares for $1.5 million under this authorization at an average price of $7.01 per share, calculated inclusive of commissions and fees.

There is no fixed completion date for the repurchase program.