

Earnings (Loss) per Common Share
(thousands, except per share data)		2026 ^(a)		2025 ^(b)		2024
Numerator for earnings (loss) per common share calculation:
Net income (loss)	$	2,173	$	(5,182)	$	37,571
Less: Preferred stock dividends		(1,349)		(1,349)		(1,141)
Income (loss) available to common stockholders	$	824	$	(6,531)	$	36,430
Denominator for earnings per common share calculation:
Weighted average common shares - basic		30,002		29,937		30,903
Effect of dilutive securities:
Preferred stock		—		—		918
Stock options		—		—		—
Restricted stock		—		—		73
Weighted average common shares - diluted		30,002		29,937		31,894

Basic earnings (loss) per common share	$	0.03	$	(0.22)	$	1.18
Diluted earnings (loss) per common share	$	0.03	$	(0.22)	$	1.18

(a)The computation of diluted earnings per common share for fiscal 2026 excludes the effect of approximately 97 shares related to restricted stock and 1,204 preferred stock conversions, as these had an anti-dilutive effect upon the calculation of net income available to the Company’s common shareholders per share during the year ended March 28, 2026.

(b)The computation of diluted loss per common share for fiscal 2025 excludes the effect of approximately 86 shares related to restricted stock and 1,204 preferred stock conversions, as the impact of these items is generally anti-dilutive during periods of net loss. Because of this, there is no difference between basic and diluted loss per common share for periods with net losses.

The computation of diluted earnings (loss) per common share for fiscal 2026, 2025 and 2024 excludes the effect of approximately 816,000, 767,000 and 608,000 of shares related to restricted stock and stock options, respectively, as the shares related to these restricted stock and the exercise price of these stock options were greater than the average market value of our common stock for those periods, resulting in an anti-dilutive effect on diluted earnings (loss) per common share.