Earnings Per Share

6 Months Ended

Oct. 01, 2011

Earnings Per Share Abstract

Earnings Per Share Text Block

12.       Earnings per share for the Quarters and Year-to-Date Ended October 1, 2011 and October 2, 2010 are as follows:

		Q U A R T E R				YEAR TO DATE
	Fiscal		Fiscal		Fiscal		Fiscal
	2012		2011		2012		2011
	(In thousands, except per share amounts)
Basic
Net earnings (loss)	$	2,883	$	2,811	$	(5,092)	$	8,086
Deduct preferred stock dividends paid		6		6		12		12
Undistributed earnings (loss)		2,877		2,805		(5,104)		8,074
Earnings (loss) attributable to participating preferred		98		96		(174)		503
Earnings (loss) attributable to common shareholders	$	2,779	$	2,709	$	(4,930)	$	7,571
Weighted average common shares outstanding		11,737		11,736		11,736		11,392
Basic earnings per common share	$	0.24	$	0.23	$	(0.42)	$	0.66
Diluted
Earnings (loss) attributable to common shareholders	$	2,779	$	2,709	$	(4,930)	$	7,571
Add dividends on convertible preferred stock		5		5		10		10
Earnings (loss) attributable to common stock on a diluted basis	$	2,784	$	2,714	$	(4,920)	$	7,581
Weighted average common shares outstanding-basic		11,737		11,736		11,736		11,392
Additional shares issuable related to the
equity compensation plan		4		4		4		4
Additional shares to be issued under full
conversion of preferred stock		67		67		67		67
Total shares for diluted		11,808		11,807		11,807		11,463
Diluted earnings (loss) per common share	$	0.24	$	0.23	$	(0.42)	$	0.66