| Earnings Per Share [Text Block] |
| 3. |
Earnings per Common Share |
Earnings per share for the three and six months ended September 30, 2023 and October 1, 2022 are as follows (in thousands, except per share amounts):
| |
|
Three Months Ended |
|
|
Six Months Ended |
|
| |
|
September 30, |
|
|
October 1, |
|
|
September 30, |
|
|
October 1, |
|
| |
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
| Basic |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net earnings |
|
$ |
24,779 |
|
|
$ |
16,131 |
|
|
$ |
47,890 |
|
|
$ |
21,234 |
|
| Deduct preferred stock dividends paid |
|
|
6 |
|
|
|
6 |
|
|
|
12 |
|
|
|
12 |
|
| Undistributed net earnings |
|
|
24,773 |
|
|
|
16,125 |
|
|
|
47,878 |
|
|
|
21,222 |
|
| Earnings attributable to participating preferred |
|
|
28 |
|
|
|
65 |
|
|
|
53 |
|
|
|
85 |
|
| Earnings attributable to common shareholders |
|
$ |
24,745 |
|
|
$ |
16,060 |
|
|
$ |
47,825 |
|
|
$ |
21,137 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted average common shares outstanding |
|
|
7,445 |
|
|
|
7,836 |
|
|
|
7,521 |
|
|
|
7,995 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic earnings per common share |
|
$ |
3.32 |
|
|
$ |
2.05 |
|
|
$ |
6.36 |
|
|
$ |
2.64 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Earnings attributable to common shareholders |
|
$ |
24,745 |
|
|
$ |
16,060 |
|
|
$ |
47,825 |
|
|
$ |
21,137 |
|
| Add dividends on convertible preferred stock |
|
|
5 |
|
|
|
5 |
|
|
|
10 |
|
|
|
10 |
|
| Earnings attributable to common stock on a diluted basis |
|
$ |
24,750 |
|
|
$ |
16,065 |
|
|
$ |
47,835 |
|
|
$ |
21,147 |
|
| Weighted average common shares outstanding-basic |
|
|
7,445 |
|
|
|
7,836 |
|
|
|
7,521 |
|
|
|
7,995 |
|
| Additional shares issued related to the equity compensation plan |
|
|
3 |
|
|
|
3 |
|
|
|
3 |
|
|
|
3 |
|
| Additional shares to be issued under full conversion of preferred stock |
|
|
67 |
|
|
|
67 |
|
|
|
67 |
|
|
|
67 |
|
| Total shares for diluted |
|
|
7,515 |
|
|
|
7,906 |
|
|
|
7,591 |
|
|
|
8,065 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted earnings per common share |
|
$ |
3.29 |
|
|
$ |
2.03 |
|
|
$ |
6.30 |
|
|
$ |
2.62 |
|
|