| Earnings Per Share [Text Block] |
3. Earnings per Share
Earnings per share for fiscal years 2025, 2024 and 2023 are as follows (in thousands, except per share amounts):
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Fiscal Year:
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2025
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2024
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2023
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Basic
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Net earnings
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$ |
41,224 |
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$ |
63,318 |
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$ |
9,231 |
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Deduct preferred stock dividends
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23 |
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23 |
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23 |
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Undistributed net earnings
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41,201 |
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63,295 |
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9,208 |
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Earnings attributable to participating preferred shareholders
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48 |
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72 |
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30 |
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Earnings attributable to common shareholders
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$ |
41,153 |
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$ |
63,223 |
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$ |
9,178 |
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Weighted average common shares outstanding
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6,912 |
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7,318 |
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7,796 |
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Basic earnings per common share
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$ |
5.95 |
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$ |
8.64 |
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$ |
1.19 |
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Diluted
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Earnings attributable to common shareholders
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$ |
41,153 |
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$ |
63,223 |
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$ |
9,178 |
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Add dividends on convertible preferred stock
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20 |
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20 |
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20 |
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Earnings attributable to common stock on a diluted basis
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$ |
41,173 |
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$ |
63,243 |
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$ |
9,198 |
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Weighted average common shares outstanding - basic
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6,912 |
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7,318 |
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7,796 |
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Additional shares to be issued under full conversion of preferred stock
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67 |
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67 |
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67 |
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Total shares for diluted
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6,979 |
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7,385 |
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7,863 |
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Diluted earnings per common share
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$ |
5.90 |
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$ |
8.56 |
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$ |
1.16 |
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