Stockholders Equity Note

9 Months Ended

Dec. 27, 2014

Stockholders Equity Note [Abstract]

Stockholders Equity Note Disclosure Text Block

5. During the nine month period ended December 27, 2014, there were 207,365 shares, or $3,213,000, of Participating Preferred Stock (at Stated Value), converted to Class A Common Stock. During the nine month period ended December 27, 2014, the Company repurchased 292,395 shares of its Class A Common Stock as Treasury Stock at an aggregate purchase price of $9,201,000. As of December 27, 2014, there are 1,307,439 shares of Treasury Stock purchased for $39,095,000 in the aggregate. These shares are not considered outstanding. During the three-month period ended June 28, 2014, there were 1,720 shares, or $56,000 of Class B Common Stock issued in lieu of cash compensation under the Company’s Profit Sharing Bonus Plan.