v3.26.3
(Loss) Earnings per Common Share (Tables)
6 Months Ended
Sep. 26, 2026
(Loss) Earnings per Common Share [Abstract]  
Reconciliation of Basic and Diluted Earnings per Share

(Loss) Earnings per Common Share

Three Months Ended

Six Months Ended

(thousands, except per share data)

September 26, 2026

September 27, 2025

September 26,

2026

September 27, 2025

Numerator for (loss) earnings per common share calculation:

Net (loss) income

$

(1,611)

$

5,665 

$

(3,760)

$

(2,385)

Less: Preferred stock dividends

—

(337)

(337)

(675)

(Loss) income available to common shareholders

$

(1,611)

$

5,328 

$

(4,097)

$

(3,060)

Denominator for (loss) earnings per common share calculation:

Weighted average common shares - basic

31,295 

30,000 

30,720 

29,983 

Effect of dilutive securities (a):

Preferred stock

—

1,205 

—

—

Restricted stock

—

158 

—

—

Weighted average common shares - diluted

31,295 

31,363 

30,720 

29,983 

Basic (loss) earnings per common share

$

(0.05)

$

0.18 

$

(0.13)

$

(0.10)

Diluted (loss) earnings per common share

$

(0.05)

$

0.18 

$

(0.13)

$

(0.10)

(a)The computation of diluted loss per common share for the three months and six months ended September 26, 2026, excludes the effect of approximately 266 thousand and 282 thousand shares related to restricted stock, respectively. Additionally, for the six months ended September 26, 2026, the computation of diluted loss per common share excludes the effect of approximately 543 thousand preferred stock conversions. The computation of diluted loss per common share for the six months ended September 27, 2025, excludes the effect of approximately 108 thousand shares related to restricted stock and approximately 1,205 thousand preferred stock conversions. Because the impact of these items is generally anti-dilutive during periods of net loss, there is no difference between basic and diluted loss per common share for periods with net losses.