(Loss) Earnings per Common Share |
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| (Loss) Earnings per Common Share [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (Loss) Earnings per Common Share | Note 2 – (Loss) Earnings per Common Share
Basic (loss) earnings per common share amounts are calculated by dividing (loss) earnings available to common shareholders, after deducting preferred stock dividends, by the weighted average number of shares of common stock outstanding. Diluted (loss) earnings per common share amounts are calculated by dividing net (loss) earnings by the weighted average number of shares of common stock outstanding adjusted to give effect to potentially dilutive securities.
(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. The computation of diluted loss per common share for the three months ended September 26, 2026 and September 27, 2025 excludes the effect of approximately 773 thousand and 514 thousand shares related to restricted stock and stock options, respectively. Additionally, the computation of diluted loss per common share for the six months ended September 26, 2026 and September 27, 2025 excludes the effects of approximately 632 thousand and 825 thousand related to restricted stock and stock options, respectively. The shares related to the 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 loss per common share. |
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