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Earnings per Common Share (Tables)
6 Months Ended
Sep. 23, 2023
Earnings per Common Share [Abstract]  
Reconciliation of Basic and Diluted Earnings per Share

Earnings per Common Share

Three Months Ended

Six Months Ended

(thousands, except per share data)

September 23, 2023

September 24, 2022

September 23, 2023

September 24, 2022

Numerator for earnings per common share calculation:

Net income

$

12,872 

$

13,121 

$

21,701 

$

25,605 

Less: Preferred stock dividends

(337)

(129)

(466)

(258)

Income available to common shareholders

$

12,535 

$

12,992 

$

21,235 

$

25,347 

Denominator for earnings per common share calculation:

Weighted average common shares - basic

31,434 

32,204 

31,427 

32,844 

Effect of dilutive securities:

Preferred stock

779 

460 

620 

460 

Stock options

1 

1 

1 

Restricted stock

58 

64 

64 

45 

Weighted average common shares - diluted

32,272 

32,729 

32,112 

33,349 

Basic earnings per common share

$

0.40 

$

0.40 

$

0.68 

$

0.77 

Diluted earnings per common share

$

0.40 

$

0.40 

$

0.68 

$

0.77