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Note 10 - Shareholders' Equity
 12 Months Ended
Mar. 28, 2026
Notes to Financial Statements  
Equity [Text Block]

NOTE 10 – SHAREHOLDERS' EQUITY

 

On September 21, 2023, the Company entered into an underwriting agreement with Oppenheimer & Co. Inc., as representative of several underwriters, for the sale of common stock in an underwritten public offering at a public offering price of $95.00 per share (the “Offering”). The Offering closed on September 25, 2023 and the Company sold an aggregate of 847,371 shares in the Offering, which included 110,526 shares issued upon the exercise by the underwriters of their over-allotment option, for total gross proceeds of $80.5 million. Net proceeds received after direct costs in the Offering were $75.2 million. A portion of the net proceeds from this Offering were used to pay off the revolving credit facility in full.

 

The Company allows its employees the option of satisfying the employee tax withholding obligations with either cash or a net share issuance. The net issuance of shares was due to covering employee tax-withholding obligations for share award and stock option activity, totaling $0.4 million in fiscal year 2026, $3.6 million in fiscal year 2025 and $4.9 million in fiscal year 2024.