Earnings Per Share [Text Block] |
3. Earnings per Share
Earnings per share for fiscal years 2024, 2023 and 2022 are as follows (in thousands, except per share amounts):
| | Fiscal Year: | |
| | 2024 | | | 2023 | | | 2022 | |
Basic | | | | | | | | | | | | |
Net earnings | | $ | 63,318 | | | $ | 9,231 | | | $ | 46,200 | |
Deduct preferred stock dividends paid | | | 23 | | | | 23 | | | | 23 | |
Undistributed net earnings | | | 63,295 | | | | 9,208 | | | | 46,177 | |
Earnings attributable to participating preferred shareholders | | | 72 | | | | 30 | | | | 178 | |
Earnings attributable to common shareholders | | $ | 63,223 | | | $ | 9,178 | | | $ | 45,999 | |
Weighted average common shares outstanding | | | 7,318 | | | | 7,796 | | | | 8,707 | |
Basic earnings per common share | | $ | 8.64 | | | $ | 1.19 | | | $ | 5.28 | |
| | | | | | | | | | | | |
Diluted | | | | | | | | | | | | |
Earnings attributable to common shareholders | | $ | 63,223 | | | $ | 9,178 | | | $ | 45,999 | |
Add dividends on convertible preferred stock | | | 20 | | | | 20 | | | | 20 | |
Earnings attributable to common stock on a diluted basis | | $ | 63,243 | | | $ | 9,198 | | | $ | 46,019 | |
Weighted average common shares outstanding-basic | | | 7,318 | | | | 7,796 | | | | 8,707 | |
Additional shares to be issued under full conversion of preferred stock | | | 67 | | | | 67 | | | | 67 | |
Total shares for diluted | | | 7,385 | | | | 7,863 | | | | 8,774 | |
Diluted earnings per common share | | $ | 8.56 | | | $ | 1.16 | | | $ | 5.24 | |
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