Note 9 - Stockholders' Equity |
12 Months Ended |
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Apr. 02, 2017 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] |
Note
9
– Stockholders’ Equity
Dividends: The holders of the Company’s common stock are entitled to receive dividends when and as declared by the Board. Aggregate cash dividends of $0.72 and $0.57 per share, amounting to $7.2 million and $5.7 million, were declared during fiscal years 2017 and 2016, respectively. The dividends declared during fiscal years 2017 and 2016 included special cash dividends of $0.40 and $0.25 per share, 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:
99,000 treasury shares during the fiscal year ended April 3, 2016 at a weighted-average market value of $9.58 per share and acquired 337,000 treasury shares during the fiscal year ended April 3, 2016 at a weighted-average market value of $8.41 per share. |