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Earnings per Common Share (Tables)
3 Months Ended
Jun. 24, 2023
Earnings per Common Share [Abstract]  
Reconciliation of Basic and Diluted Earnings per Share

Earnings per Common Share

Three Months Ended

(thousands, except per share data)

June 24, 2023

June 25, 2022

Numerator for earnings per common share calculation:

Net income

$

8,829 

$

12,484 

Less: Preferred stock dividends

(129)

(129)

Income available to common shareholders

$

8,700 

$

12,355 

Denominator for earnings per common share calculation:

Weighted average common shares - basic

31,415 

33,483 

Effect of dilutive securities:

Preferred stock

460 

460 

Stock options

1 

Restricted stock

78 

43 

Weighted average common shares - diluted

31,954 

33,986 

Basic earnings per common share

$

0.28 

$

0.37 

Diluted earnings per common share

$

0.28 

$

0.37