Note 11 - Stockholders' Equity |
6 Months Ended | ||
|---|---|---|---|
Sep. 26, 2026 | |||
| Notes to Financial Statements | |||
| Equity [Text Block] |
During the six months ended September 26, 2026, the Company repurchased 19,640 shares of its Class A Common Stock at a cost of $3.0 million, which are included in treasury stock on the condensed consolidated balance sheets. During the six months ended September 27, 2025, the Company repurchased 52,477 shares of its Class A Common Stock at a cost of $4.9 million. As of September 26, 2026, there are 5,452,720 shares or $229.1 million of repurchased stock being held as treasury stock. These shares are not considered outstanding and the Company accounts for treasury stock under the cost method.
Effective April 1, 2026, the Company established a Stock Employee Compensation Trust (“SECT”) to assist in administering and provide funding for equity-based employee compensation plans and benefit programs. During the six months ended September 26, 2026, the Company made a loan to the SECT that the SECT used to purchase 276 shares of Class B Common Stock for $0.1 million. The balance of the shares held by the SECT is included on the condensed consolidated balance sheet. The shares in the SECT are not considered outstanding for purposes of calculating earnings per share. However, in accordance with the trust agreement governing the SECT, the trustee votes on all shares held by the SECT regarding all matters submitted to shareholders.
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