Earnings Per Share

9 Months Ended

Dec. 27, 2014

Earnings Per Share [Abstract]

Earnings Per Share Text Block

10.Earningsper share for the Quarters Ended December 27, 2014 and December 28, 2013are as follows:

		Q U A R T E R				YEAR TO DATE
	Fiscal		Fiscal		Fiscal		Fiscal
	2015		2014		2015		2014
	(In thousands, except per share amounts)
Basic
Net earnings	$	7,819	$	6,846	$	7,134	$	14,796
Deduct preferred stock dividends paid		6		6		17		17
Undistributed earnings		7,813		6,840		7,117		14,779
Earnings attributable to participating preferred		102		218		122		472
Earnings attributable to common shareholders	$	7,711	$	6,622	$	6,995	$	14,307
Weighted average common shares outstanding		10,733		10,743		10,769		10,748
Basic earnings per common share	$	0.72	$	0.62	$	0.65	$	1.33
Diluted
Earnings attributable to common shareholders	$	7,711	$	6,622	$	6,995	$	14,307
Add dividends on convertible preferred stock		5		5		15		15
Earnings attributable to common stock on a diluted basis	$	7,716	$	6,627	$	7,010	$	14,322
Weighted average common shares outstanding-basic		10,733		10,743		10,769		10,748
Additional shares issuable related to the
equity compensation plan		4		5		4		5
Additional shares to be issued under full
conversion of preferred stock		67		67		67		67
Total shares for diluted		10,804		10,815		10,840		10,820
Diluted earnings per common share	$	0.71	$	0.61	$	0.65	$	1.32