(Loss) Earnings per Common Share

Three Months Ended

(thousands, except per share data)

June 28, 2025

June 29, 2024

Numerator for (loss) earnings per common share calculation:

Net (loss) income

$

(8,050)

$

5,863 

Less: Preferred stock dividends

(337)

(337)

(Loss) income available to common shareholders

$

(8,387)

$

5,526 

Denominator for (loss) earnings per common share calculation:

Weighted average common shares - basic

29,967 

29,916 

Effect of dilutive securities:

Preferred stock

—

1,205 

Stock options

—

—

Restricted stock

—

98 

Weighted average common shares - diluted

29,967 

31,219 

Basic (loss) earnings per common share

$

(0.28)

$

0.19 

Diluted (loss) earnings per common share

$

(0.28)

$

0.19