v3.26.1
Note D - Income Per Share
 3 Months Ended
Jun. 28, 2026
Notes to Financial Statements  
Earnings Per Share [Text Block]

NOTE D – INCOME PER SHARE                  

 

Basic net income per common share is calculated by dividing net income by the weighted average number of common shares outstanding and excludes any dilutive effect of share-based awards. Diluted net income per common share gives effect to all potentially dilutive common shares that were outstanding during the period. Dilutive common shares used in the computation of diluted net income per common share result from the assumed exercise of stock options as determined using the treasury stock method and restricted stock unit awards.

 

The following chart provides a reconciliation of information used in calculating the per-share amounts for the thirteen week periods ended June 28, 2026 and June 29, 2025, respectively (in thousands, except share and per share amounts):

 

   

June 28, 2026

   

June 29, 2025

  
                 

Net income

   $ 8,829     $ 8,928  
                 

Common Stock:

                

Weighted average basic shares outstanding

     4,095,000       4,089,000  

Effect of dilutive share-based awards

     34,000       35,000  

Weighted average diluted shares outstanding

     4,129,000       4,124,000  
                 

Net income per share:

                

Basic

   $ 2.16     $ 2.18  

Diluted

   $ 2.14     $ 2.16  

 

There were no anti-dilutive share-based awards for the thirteen week periods ended June 28, 2026 and June 29, 2025.