Annual report [Section 13 and 15(d), not S-K Item 405]

Note 11 - Shareholders' Equity

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Note 11 - Shareholders' Equity
 12 Months Ended
Mar. 29, 2026
Notes to Financial Statements  
Equity [Text Block]

Note 11 – Shareholders’ Equity

 

Dividends: The holders of shares of the Company’s common stock are entitled to receive dividends when and as declared by the Board. Cash dividends of $0.32 per share were declared during each of the fiscal years ended March 29, 2026 and March 30, 2025, amounting to $3.4 million and $3.3 million, respectively. The Company’s financing agreement with CIT permits the payment by the Company of cash dividends on its common stock without limitation, provided there is no default before or as a result of the payment of such dividends.

 

Stock Repurchases: The Company acquired treasury shares by way of the surrender to the Company shares of common stock from several employees to satisfy the income tax withholding obligations relating to the vesting of non-vested stock. In this manner, the Company acquired 3,000 treasury shares during the fiscal year ended March 29, 2026 at a market value of $2.89 per share, and acquired 13,000 treasury shares during the fiscal year ended March 30, 2025 at a weighted-average market value of $4.44 per share.