Earnings Per Share

6 Months Ended

Sep. 28, 2013

Earnings Per Share [Abstract]

Earnings Per Share Text Block

10.Earnings per share for the Quarters Ended September 28, 2013 and September 29, 2012 are as follows:

		Q U A R T E R				YEAR TO DATE
	Fiscal		Fiscal		Fiscal		Fiscal
	2014		2013		2014		2013
	(In thousands, except per share amounts)
Basic
Net earnings	$	6,603	$	14,521	$	7,950	$	22,712
Deduct preferred stock dividends paid		6		6		12		12
Undistributed earnings		6,597		14,515		7,938		22,700
Earnings attributable to participating preferred		210		505		253		780
Earnings attributable to common shareholders	$	6,387	$	14,010	$	7,685	$	21,920
Weighted average common shares outstanding		10,748		11,374		10,750		11,531
Basic earnings per common share	$	0.59	$	1.23	$	0.71	$	1.90
Diluted
Earnings attributable to common shareholders	$	6,387	$	14,010	$	7,685	$	21,920
Add dividends on convertible preferred stock		5		5		10		10
Earnings attributable to common stock on a diluted basis	$	6,392	$	14,015	$	7,695	$	21,930
Weighted average common shares outstanding-basic		10,748		11,374		10,750		11,531
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		10,819		11,445		10,821		11,602
Diluted earnings per common share	$	0.59	$	1.22	$	0.71	$	1.89