Quarterly report pursuant to Section 13 or 15(d)

Note 10 - Income (Loss) Per Share

v3.20.2
Note 10 - Income (Loss) Per Share
 6 Months Ended
Sep. 26, 2020
Notes to Financial Statements  
Earnings Per Share [Text Block]
(
10
)
  
Income (
L
oss
)
Per Share
 
Basic income (loss) per share is calculated by dividing net income or loss by the weighted average common shares outstanding during the period. Diluted earnings per share (EPS) reflects the net incremental shares that would be issued if unvested restricted shares became vested and dilutive outstanding stock options were exercised, using the treasury stock method. In the case of a net loss, it is assumed that
no
incremental shares would be issued because they would be antidilutive. In addition, certain options are considered antidilutive because assumed proceeds from exercise price, related tax benefits and average future compensation was greater than the weighted average number of options outstanding multiplied by the average market price during the period.
 
Shares excluded from the diluted EPS calculation for the
six
month period ended
September 26, 2020
because they would be anti-dilutive are as follows:
 
 
  
September 26,
  
(In thousands)
 		  
2020
  
         
Common shares issuable upon exercise of stock options
    
251
  
Restricted stock awards
    
10
  
Common shares issuable upon conversion of convertible preferred stock
    
180
  
Common shares issuable upon exercise of warrants
    
91
  
 
 
Shares included in the diluted EPS calculation for the
six
month periods ended
September 26, 2020
and
September 28, 2019
are as follows:
 
   
September
2
6
,
   
September
2
8
,
 
(In thousands except per share data)
 
20
20
    
2019
 
Net income (loss)
   $
(405
 )   $
59
  
                 
Weighted average basic shares outstanding
    
2,636
      
780
  
Effect of dilutive securities
    
—
      
800
  
Weighted-average dilutive shares
    
2,636
      
1,580
  
                 
Basic earnings per share
   $
(0.15
 )   $
0.08
  
Diluted earnings per share
   $
(0.15
 )   $
0.04