Seneca Foods (SENEA) 10-Q 4 Nov 20 2021 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Sep. 26, 2020	Oct. 30, 2020
Document Information [Line Items]
Entity Central Index Key	0000088948
Entity Registrant Name	Seneca Foods Corporation
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2021
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 26, 2020
Document Transition Report	false
Entity File Number	0-01989
Entity Incorporation, State or Country Code	NY
Entity Tax Identification Number	16-0733425
Entity Address, Address Line One	3736 South Main Street
Entity Address, City or Town	Marion
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	14505
City Area Code	315
Local Phone Number	926-8100
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Common Class B [Member]
Document Information [Line Items]
Title of 12(b) Security	Common Stock Class B, $.25 Par
Trading Symbol	SENEB
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		1,718,002
Common Class A [Member]
Document Information [Line Items]
Title of 12(b) Security	Common Stock Class A, $.25 Par
Trading Symbol	SENEA
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		7,361,439

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Interim Periods Unaudited) - USD ($)	Sep. 26, 2020	Mar. 31, 2020	Sep. 28, 2019
Current Assets:
Cash and Cash Equivalents	$ 14,813,000	$ 10,702,000	$ 17,640,000
Accounts Receivable, Net	128,242,000	109,802,000	116,035,000
Contracts Receivable	6,551,000	7,610,000	7,334,000
Inventories	550,704,000	411,631,000	575,183,000
Refundable Income Taxes	0	4,350,000	0
Other Current Assets	2,139,000	7,323,000	7,614,000
Total Current Assets	714,523,000	551,600,000	723,904,000
Property, Plant and Equipment, Net	240,474,000	228,489,000	204,746,000
Right-of-Use Assets Operating, Net	51,241,000	60,663,000	76,178,000
Right-of-Use Assets Financing, Net	32,165,000	33,617,000	33,640,000
Deferred Income Taxes, Net	8,474,000	7,872,000	3,190,000
Noncurrent Assets Held For Sale-Discontinued Operations	1,085,000	1,026,000	1,143,000
Other Assets	18,844,000	26,042,000	2,882,000
Total Assets	1,066,806,000	909,309,000	1,045,683,000
Current Liabilities:
Accounts Payable	230,130,000	71,194,000	195,676,000
Deferred Revenue	7,745,000	7,758,000	9,547,000
Accrued Vacation	12,340,000	11,876,000	11,786,000
Accrued Payroll	16,866,000	11,864,000	11,622,000
Other Accrued Expenses	25,021,000	17,808,000	21,343,000
Income Taxes Payable	419,000	0	1,095,000
Current Liabilities Held For Sale-Discontinued Operations	0	880,000	3,649,000
Current Portion of Operating Lease Obligations	18,476,000	21,550,000	25,776,000
Current Portion of Financing Lease Obligations	6,497,000	6,224,000	6,137,000
Current Portion of Long-Term Debt	63,111,000	500,000	0
Total Current Liabilities	380,605,000	149,654,000	286,631,000
Long-Term Debt, Less Current Portion	109,069,000	217,081,000	243,978,000
Operating Lease Obligations, Less Current Portion	33,464,000	42,760,000	52,992,000
Financing Lease Obligations, Less Current Portion	21,900,000	24,366,000	26,773,000
Pension Liabilities	85,001,000	75,742,000	18,661,000
Other Long-Term Liabilities	4,715,000	5,342,000	3,986,000
Total Liabilities	634,754,000	514,945,000	633,021,000
Commitments and Contingencies
Stockholders' Equity:
Preferred Stock	681,000	681,000	703,000
Common Stock, $.25 Par Value Per Share	3,041,000	3,041,000	3,040,000
Additional Paid-in Capital	98,436,000	98,384,000	98,313,000
Treasury Stock, at Cost	(89,482,000)	(88,319,000)	(84,320,000)
Accumulated Other Comprehensive Loss	(79,220,000)	(79,220,000)	(18,285,000)
Retained Earnings	498,596,000	459,797,000	413,211,000
Total Stockholders' Equity	432,052,000	394,364,000	412,662,000
Total Liabilities and Stockholders’ Equity	1,066,806,000	909,309,000	1,045,683,000
Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Current Assets:
Current Assets Held For Sale	11,917,000	0	0
Discontinued Operations, Held-for-sale [Member]
Current Assets:
Current Assets Held For Sale	$ 157,000	$ 182,000	$ 98,000

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Interim Periods Unaudited) (Parentheticals) - $ / shares	Sep. 26, 2020	Mar. 31, 2020	Sep. 28, 2019
Common Stock, Par Value (in dollars per share)	$ 0.25	$ 0.25	$ 0.25

Condensed Consolidated Statemen

Condensed Consolidated Statements of Net Earnings (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 26, 2020	Sep. 28, 2019	Sep. 26, 2020	Sep. 28, 2019
Net sales	$ 390,294	$ 370,002	$ 678,459	$ 634,927
Costs and Expenses:
Cost of Product Sold	341,351	345,947	580,954	591,698
Selling, General and Administrative	19,453	17,692	37,598	33,950
Plant Restructuring Charge	24	1,146	287	5,952
Other Operating Loss/(Income)	1,780	(2,174)	1,635	(7,001)
Total Costs and Expenses	362,608	362,611	620,474	624,599
Operating Income	27,686	7,391	57,985	10,328
Loss From Equity Investment	804	0	1,480	0
Other Loss/(Income)	1,760	(1,804)	2,691	(3,607)
Interest Expense, Net	1,404	3,141	3,055	6,493
Earnings Before Income Taxes	23,718	6,054	50,759	7,442
Income Taxes	5,613	1,419	11,948	1,704
Net Earnings	$ 18,105	$ 4,635	$ 38,811	$ 5,738
Basic Earnings per Common Share (in dollars per share)	$ 1.98	$ 0.50	$ 4.24	$ 0.61
Diluted Earnings per Common Share: (in dollars per share)	$ 1.97	$ 0.49	$ 4.21	$ 0.61

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 26, 2020	Sep. 28, 2019	Sep. 26, 2020	Sep. 28, 2019
Comprehensive income:
Net earnings	$ 18,105	$ 4,635	$ 38,811	$ 5,738
Total	$ 18,105	$ 4,635	$ 38,811	$ 5,738

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Sep. 26, 2020	Sep. 28, 2019
Cash Flows from Operating Activities:
Net Earnings	$ 38,811	$ 5,738
Adjustments to Reconcile Net Earnings to Net Cash Provided by Operations:
Depreciation & Amortization	16,050	14,698
Gain on the Sale of Assets	(246)	(7,036)
Provision for Restructuring and Impairment	287	5,682
Loss From Equity Investment	1,480	0
Deferred Income Tax Benefit	(602)	(773)
Changes in Operating Assets and Liabilities:
Accounts Receivable	(17,381)	(39,247)
Inventories	(139,073)	(73,499)
Other Current Assets	5,098	(4,539)
Income Taxes	4,769	2,989
Accounts Payable, Accrued Expenses and Other	177,812	142,467
Net Cash Provided by Operations	87,005	46,480
Cash Flows from Investing Activities:
Additions to Property, Plant and Equipment	(27,321)	(16,472)
Proceeds from the Sale of Assets	1,025	10,429
Net Cash Used In Investing Activities	(26,296)	(6,043)
Cash Flows from Financing Activities:
Long-Term Borrowing	248,848	226,902
Payments on Long-Term Debt	(294,249)	(248,902)
Other Assets	(6,950)	(433)
Payments on Financing Leases	(3,072)	(3,252)
Purchase of Treasury Stock	(1,163)	(8,580)
Dividends	(12)	(12)
Net Cash Used In Financing Activities	(56,598)	(34,277)
Net Increase in Cash and Cash Equivalents	4,111	6,160
Cash and Cash Equivalents, Beginning of the Period	10,702	11,480
Cash and Cash Equivalents, End of the Period	14,813	17,640
Noncash Transactions:
Property, Plant and Equipment Purchased Under Lease Obligations	$ 3,681	$ 7,045

Condensed Consolidated Statem_4

Condensed Consolidated Statement of Stockholders' Equity (Unaudited) - USD ($)	Common Class A [Member]	Common Class B [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Preferred Stock [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Common Stock [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Additional Paid-in Capital [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Treasury Stock [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]AOCI Attributable to Parent [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Retained Earnings [Member]	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance at Mar. 31, 2019									$ 707,000	$ 3,039,000	$ 98,260,000	$ (75,740,000)	$ (18,285,000)	$ 409,504,000
Net Earnings									0	0	0	0	0	1,103,000
Cash dividends declared on preferred stock									0	0	0	0	0	(12,000)
Equity incentive program									0	0	25,000	0	0	0
Purchase treasury stock									0	0	0	(2,744,000)	0	0
Balance (Accounting Standards Update 2016-02 [Member]) at Jun. 29, 2019			$ 0	$ 0	$ 0	$ 0	$ 0	$ (2,019,000)
Balance at Jun. 29, 2019									707,000	3,039,000	98,285,000	(78,484,000)	(18,285,000)	408,576,000
Balance at Mar. 31, 2019									707,000	3,039,000	98,260,000	(75,740,000)	(18,285,000)	409,504,000
Net Earnings															$ 5,738,000
Balance at Sep. 28, 2019									703,000	3,040,000	98,313,000	(84,320,000)	(18,285,000)	413,211,000	412,662,000
Balance at Jun. 29, 2019									707,000	3,039,000	98,285,000	(78,484,000)	(18,285,000)	408,576,000
Net Earnings														4,635,000	4,635,000
Equity incentive program									0	0	25,000	0	0	0
Purchase treasury stock									0	0	0	(5,836,000)	0	0
Preferred stock conversion									(4,000)	1,000	3,000	0	0	0
Balance at Sep. 28, 2019									703,000	3,040,000	98,313,000	(84,320,000)	(18,285,000)	413,211,000	412,662,000
Balance at Mar. 31, 2020									681,000	3,041,000	98,384,000	(88,319,000)	(79,220,000)	459,797,000	394,364,000
Net Earnings									0	0	0	0	0	20,706,000
Cash dividends declared on preferred stock									0	0	0	0	0	(12,000)
Equity incentive program									0	0	28,000	0	0	0
Balance at Jun. 27, 2020									681,000	3,041,000	98,412,000	(88,319,000)	(79,220,000)	480,491,000
Balance at Mar. 31, 2020									681,000	3,041,000	98,384,000	(88,319,000)	(79,220,000)	459,797,000	394,364,000
Net Earnings															38,811,000
Purchase treasury stock	$ (1,163,000)	$ 0
Balance at Sep. 26, 2020									681,000	3,041,000	98,436,000	(89,482,000)	(79,220,000)	498,596,000	432,052,000
Balance at Jun. 27, 2020									681,000	3,041,000	98,412,000	(88,319,000)	(79,220,000)	480,491,000
Net Earnings									0	0	0	0	0	18,105,000	18,105,000
Equity incentive program									0	0	24,000	0	0	0
Purchase treasury stock									0	0	0	(1,163,000)	0	0
Balance at Sep. 26, 2020									$ 681,000	$ 3,041,000	$ 98,436,000	$ (89,482,000)	$ (79,220,000)	$ 498,596,000	$ 432,052,000

Condensed Consolidated Statem_5

Condensed Consolidated Statement of Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares	Sep. 26, 2020	Mar. 31, 2020	Sep. 28, 2019
Common Stock, Par Value (in dollars per share)	$ 0.25	$ 0.25	$ 0.25

Note 1 - Unaudited Condensed Co

Note 1 - Unaudited Condensed Consolidated Financial Statements	6 Months Ended
	Sep. 26, 2020
Notes to Financial Statements
Significant Accounting Policies [Text Block]	1. Unaudited Condensed Consolidated Financial Statements In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all adjustments, which are normal and recurring in nature, necessary to present fairly the financial position of Seneca Foods Corporation (the “Company”) as of September 26, 2020 March 31, 2020 The results of operations for the three six September 26, 2020 not six September 26, 2020 September 28, 2019 The accounting policies followed by the Company are set forth in Note 1 2020 10 Other footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted. These unaudited condensed consolidated financial statements should be read in conjunction with the financial statements and notes included in the Company's 2020 10 All references to years are fiscal years ended or ending March 31 may not Reclassifications—Certain previously reported amounts have been reclassified to conform to the current period classification. In addition, the Company has adjusted its prior quarter cash flow statement to properly reflect lease payments made on operating leases under Accounting Standards Codification (“ASC”) 842

Note 2 - Discontinued Operation

Note 2 - Discontinued Operations	6 Months Ended
	Sep. 26, 2020
Discontinued Operations [Member]
Notes to Financial Statements
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	2. Discontinued Operations On July 13, 2018, October 9, 2018, second 2019, 210 05—Discontinued The following table presents information related to the major classes of assets and liabilities of Modesto that are classified as Held For Sale-Discontinued Operations in the Company's Consolidated Balance Sheets (in thousands): September 26, September 28, March 31, 2020 2019 2020 Other Current Assets 157 98 182 Current Assets Held For Sale-Discontinued Operations $ 157 $ 98 $ 182 Other Assets 1,085 1,143 1,026 Noncurrent Assets Held For Sale-Discontinued Operations $ 1,085 $ 1,143 $ 1,026 Accounts Payable and Accrued Expenses $ - $ 3,649 $ 880 Current Liabilities Held For Sale-Discontinued Operations $ - $ 3,649 $ 880

Note 3 - Assets Held For Sale

Note 3 - Assets Held For Sale	6 Months Ended
	Sep. 26, 2020
Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Notes to Financial Statements
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	3. Assets Held For Sale As of September 26, 2020, September 26, 2020 Property, Plant and Equipment (net) $ 11,917 Current Assets Held For Sale $ 11,917

Note 4 - Revenue Recognition

Note 4 - Revenue Recognition	6 Months Ended
	Sep. 26, 2020
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	4. Revenue Recognition In the following table, revenue is disaggregated by product category groups (in millions): Three Months Ended Six Months Ended September 26, 2020 September September September Canned Vegetables $ 302.3 $ 272.8 $ 523.3 $ 460.1 Frozen 31.0 41.0 49.0 59.1 Fruit Products 23.9 26.9 42.7 49.5 Chip Products 3.1 3.1 5.4 6.0 Prepared Foods 24.2 23.6 48.4 53.5 Other 5.8 2.6 9.7 6.7 $ 390.3 $ 370.0 $ 678.5 $ 634.9

Note 5 - Inventories

Note 5 - Inventories	6 Months Ended
	Sep. 26, 2020
Notes to Financial Statements
Inventory Disclosure [Text Block]	5. Inventories second 2021 second 2020. three September 26, 2020 three September 28, 2019. The change in the LIFO Reserve for the six September 26, 2020 six September 28, 2019. 2021 2020. September 26, 2020 September 28, 2019 March 31, 2020 Finished products $ 536,015 $ 547,116 351,251 In process 26,514 27,190 31,173 Raw materials and supplies 132,830 166,098 173,474 695,359 740,404 555,898 Less excess of FIFO cost over LIFO cost 144,655 165,221 144,267 Total inventories $ 550,704 $ 575,183 $ 411,631

Note 6 - Leases

Note 6 - Leases	6 Months Ended
	Sep. 26, 2020
Notes to Financial Statements
Lessee, Operating and Finance Leases [Text Block]	6. Leases The Company determines if an arrangement is a lease at inception of the agreement. Operating leases are included in right-of-use operating assets, and current and noncurrent operating lease obligations in the Company’s Condensed Consolidated Balance Sheets. Lease assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Lease assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. If the lease does not may not 12 not The Company has operating leases for land, machinery and equipment. The Company also has finance leases for machinery and equipment. The commencement date used for the calculation of the lease obligation is the latter of the commencement date of the new standard ( April 1, 2019) 12 not Upon adoption of Accounting Standards Update (“ASU”) No. 2016 02, Lease expense for lease payments is recognized on a straight-line basis over the lease term. The components of lease expense were as follows (dollar amounts in thousands): Three Months Ended Six Months Ended September 26, 2020 September 28, 2019 September 26, 2020 September 28, 2019 Lease cost: Amortization of right of use asset $ 1,145 $ 1,040 $ 2,331 $ 2,107 Interest on lease liabilities 278 344 572 712 Finance lease cost 1,423 1,384 2,903 2,819 Operating lease cost 6,239 7,789 12,646 15,689 Total lease cost $ 7,662 $ 9,173 $ 15,549 $ 18,508 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from finance leases $ 572 $ 712 Operating cash flows from operating leases 15,211 18,390 Financing cash flows from finance leases 3,072 3,252 $ 18,855 $ 22,354 Right-of-use assets obtained in exchange for new finance lease liabilities $ 1,122 $ 1,471 Right-of-use assets obtained in exchange for new operating lease liabilities $ 2,559 $ 5,574 Weighted-average lease term (years): Financing leases 4.9 5.6 Operating leases 3.6 3.9 Weighted-average discount rate (percentage): Financing leases 4.1 4.2 Operating leases 4.4 4.6 Undiscounted future lease payments under non-cancelable operating leases and financial leases, along with a reconciliation of undiscounted cash flows to operating and financing lease liabilities, respectively, as of September 26, 2020 ( Years ending March 31: Operating Financing Balance of 2021 $ 8,623 $ 3,744 2022 19,230 7,488 2023 13,738 7,488 2024 6,820 5,961 2025 3,260 2,607 2026-2032 4,598 4,120 Total minimum payment required $ 56,269 $ 31,408 Less interest 4,329 3,011 Present value of minimum lease payments 51,940 28,397 Amount due within one year 18,476 6,497 Long-term lease obligations $ 33,464 $ 21,900

Note 7 - Revolving Credit Facil

Note 7 - Revolving Credit Facility	6 Months Ended
	Sep. 26, 2020
Notes to Financial Statements
Debt Disclosure [Text Block]	7. Revolving Credit Facility The Company entered into a five July 5, 2016. April July August March. September 26, 2020 July 5, 2021. June November three seven may The decrease in average amount of Revolver borrowings during the first six 2021 first six 2020 first six 2021. General terms of the Revolver include payment of interest at LIBOR plus a defined spread. The following table documents the quantitative data for Revolver borrowings during the second 2021 2020 Second Quarter Year-to-Date 2021 2020 2021 2020 Reported end of period: Outstanding borrowings $ 62,611 $ 133,338 $ 62,611 $ 133,338 Weighted average interest rate 1.75 % 3.64 % 1.75 % 3.64 % Reported during the period: Maximum amount of borrowings $ 68,078 $ 151,477 $ 107,967 $ 151,477 Average outstanding borrowings $ 48,733 $ 131,551 $ 51,593 $ 132,836 Weighted average interest rate 1.75 % 3.81 % 1.98 % 3.90 %

Note 8 - Stockholders' Equity

Note 8 - Stockholders' Equity	6 Months Ended
	Sep. 26, 2020
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	8. Stockholders’ Equity six September 26, 2020, none September 26, 2020, not

Note 9 - Retirement Plans

Note 9 - Retirement Plans	6 Months Ended
	Sep. 26, 2020
Notes to Financial Statements
Retirement Benefits [Text Block]	9. Retirement Plans Three Months Ended Six Months Ended September 26, September 28, September 26, September 28, Service Cost Including Administration $ 3,259 $ 2,288 $ 6,519 $ 4,572 Interest Cost 2,302 2,296 4,605 4,593 Expected Return on Plan Assets (3,510 ) (3,958 ) (7,021 ) (7,913 ) Amortization of Prior Service Cost 23 30 46 60 Amortization of Net Loss 2,531 - 5,060 - Net Periodic Benefit Cost $ 4,605 $ 656 $ 9,209 $ 1,312 There was no contribution to the pension plan in the six September 26, 2020 September 28, 2019.

Note 10 - Plant Restructuring

Note 10 - Plant Restructuring	6 Months Ended
	Sep. 26, 2020
Notes to Financial Statements
Restructuring and Related Activities Disclosure [Text Block]	10. Plant Restructuring The following table summarizes the rollforward of restructuring charges and related asset impairment charges recorded and the accruals established (In thousands): Restructuring Payable Severance Other Costs Total Balance March 31, 2020 $ 202 $ - $ 202 First quarter charge 219 44 263 Second quarter charge 8 16 24 Cash payments/write offs (399 ) (60 ) (459 ) Balance September 26, 2020 $ 30 $ - $ 30 Severance Other Costs Total Balance March 31, 2019 $ 225 $ 1 $ 226 First quarter charge 586 4,220 4,806 Second quarter charge 386 760 1,146 Cash payments/write offs (836 ) (4,981 ) (5,817 ) Balance September 28, 2019 $ 361 $ - $ 361 During the quarter ended September 26, 2020, June 27, 2020, to severance and $44,000 was for lease impairments. During the quarter ended September 28, 2019 June 29, 2019,

Note 11 - Other Operating Incom

Note 11 - Other Operating Income and Expense	6 Months Ended
	Sep. 26, 2020
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	11. Other Operating Income and Expense During the six September 26, 2020 six September 28, 2019

Note 12 - Recently Issued Accou

Note 12 - Recently Issued Accounting Standards	6 Months Ended
	Sep. 26, 2020
Notes to Financial Statements
Accounting Standards Update and Change in Accounting Principle [Text Block]	12. Recently Issued Accounting Standards In August 2018, No. 2018 14, Compensation—Retirement Benefits—Defined Benefit Plans—General (Topic 715 20 2018 14 December 15, 2020, 2018 14 In December 2019, No. 2019 12 first 2022. In June 2016, No. 2016 13, 326 November 2018 No. 2018 19, 326, No. 2016 13 November 2019, No. 2019 10, December 15, 2022, first No. 2016 03, No. 2018 19 April 1, 2023 There were no not September 26, 2020.

Note 13 - Earnings Per Common S

Note 13 - Earnings Per Common Share	6 Months Ended
	Sep. 26, 2020
Notes to Financial Statements
Earnings Per Share [Text Block]	13. Earnings per Common Share Earnings per share for the quarters and year-to-date periods ended September 26, 2020 September 28, 2019 Q U A R T E R Y E A R T O D A T E (Thousands, except per share amounts) Fiscal 2021 Fiscal 2020 Fiscal 2021 Fiscal 2020 Basic Net Earnings $ 18,105 $ 4,635 $ 38,811 $ 5,738 Deduct preferred stock dividends paid 6 6 12 12 Undistributed earnings 18,099 4,629 38,799 5,726 Earnings attributable to participating preferred 71 19 152 23 Earnings attributable to common shareholders $ 18,028 $ 4,610 $ 38,647 $ 5,703 Weighted average common shares outstanding 9,095 9,267 9,106 9,372 Basic earnings per common share $ 1.98 $ 0.50 $ 4.24 $ 0.61 Diluted Earnings from attributable to common shareholders $ 18,028 $ 4,610 $ 38,647 $ 5,703 Add dividends on convertible preferred stock 5 5 10 10 Earnings attributable to common stock on a diluted basis $ 18,033 $ 4,615 $ 38,657 $ 5,713 Weighted average common shares outstanding-basic 9,095 9,267 9,106 9,372 Additional shares issued related to the equity compensation plan 2 2 2 2 Additional shares to be issued under full conversion of preferred stock 67 67 67 67 Total shares for diluted 9,164 9,336 9,175 9,441 Diluted earnings per common share $ 1.97 $ 0.49 $ 4.21 $ 0.61

Note 14 - Fair Value of Financi

Note 14 - Fair Value of Financial Instruments	6 Months Ended
	Sep. 26, 2020
Notes to Financial Statements
Fair Value Disclosures [Text Block]	14. Fair Value of Financial Instruments As required by ASC 825 2 September 26, 2020. September 28, 2019. March 31, 2020,

Note 15 - Income Taxes

Note 15 - Income Taxes	6 Months Ended
	Sep. 26, 2020
Notes to Financial Statements
Income Tax Disclosure [Text Block]	15. Income Taxes The effective tax rate for continuing operations was 23.5% and 22.9% for the six September 26, 2020 September 28, 2019, not 2020 2021. 2020 2021. 2021.

Note 2 - Discontinued Operati_2

Note 2 - Discontinued Operations (Tables)	6 Months Ended
	Sep. 26, 2020
Discontinued Operations [Member]
Notes Tables
Disposal Groups, Including Discontinued Operations [Table Text Block]	September 26, September 28, March 31, 2020 2019 2020 Other Current Assets 157 98 182 Current Assets Held For Sale-Discontinued Operations $ 157 $ 98 $ 182 Other Assets 1,085 1,143 1,026 Noncurrent Assets Held For Sale-Discontinued Operations $ 1,085 $ 1,143 $ 1,026 Accounts Payable and Accrued Expenses $ - $ 3,649 $ 880 Current Liabilities Held For Sale-Discontinued Operations $ - $ 3,649 $ 880

Note 3 - Assets Held For Sale (

Note 3 - Assets Held For Sale (Tables)	6 Months Ended
	Sep. 26, 2020
Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Notes Tables
Disposal Groups, Including Discontinued Operations [Table Text Block]	September 26, 2020 Property, Plant and Equipment (net) $ 11,917 Current Assets Held For Sale $ 11,917

Note 4 - Revenue Recognition (T

Note 4 - Revenue Recognition (Tables)	6 Months Ended
	Sep. 26, 2020
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended Six Months Ended September 26, 2020 September September September Canned Vegetables $ 302.3 $ 272.8 $ 523.3 $ 460.1 Frozen 31.0 41.0 49.0 59.1 Fruit Products 23.9 26.9 42.7 49.5 Chip Products 3.1 3.1 5.4 6.0 Prepared Foods 24.2 23.6 48.4 53.5 Other 5.8 2.6 9.7 6.7 $ 390.3 $ 370.0 $ 678.5 $ 634.9

Note 5 - Inventories (Tables)

Note 5 - Inventories (Tables)	6 Months Ended
	Sep. 26, 2020
Notes Tables
Schedule of Inventory, Current [Table Text Block]	September 26, 2020 September 28, 2019 March 31, 2020 Finished products $ 536,015 $ 547,116 351,251 In process 26,514 27,190 31,173 Raw materials and supplies 132,830 166,098 173,474 695,359 740,404 555,898 Less excess of FIFO cost over LIFO cost 144,655 165,221 144,267 Total inventories $ 550,704 $ 575,183 $ 411,631

Note 6 - Leases (Tables)

Note 6 - Leases (Tables)	6 Months Ended
	Sep. 26, 2020
Notes Tables
Lease, Cost [Table Text Block]	Three Months Ended Six Months Ended September 26, 2020 September 28, 2019 September 26, 2020 September 28, 2019 Lease cost: Amortization of right of use asset $ 1,145 $ 1,040 $ 2,331 $ 2,107 Interest on lease liabilities 278 344 572 712 Finance lease cost 1,423 1,384 2,903 2,819 Operating lease cost 6,239 7,789 12,646 15,689 Total lease cost $ 7,662 $ 9,173 $ 15,549 $ 18,508 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from finance leases $ 572 $ 712 Operating cash flows from operating leases 15,211 18,390 Financing cash flows from finance leases 3,072 3,252 $ 18,855 $ 22,354 Right-of-use assets obtained in exchange for new finance lease liabilities $ 1,122 $ 1,471 Right-of-use assets obtained in exchange for new operating lease liabilities $ 2,559 $ 5,574 Weighted-average lease term (years): Financing leases 4.9 5.6 Operating leases 3.6 3.9 Weighted-average discount rate (percentage): Financing leases 4.1 4.2 Operating leases 4.4 4.6
Lessee, Lease Liability, Maturity [Table Text Block]	Years ending March 31: Operating Financing Balance of 2021 $ 8,623 $ 3,744 2022 19,230 7,488 2023 13,738 7,488 2024 6,820 5,961 2025 3,260 2,607 2026-2032 4,598 4,120 Total minimum payment required $ 56,269 $ 31,408 Less interest 4,329 3,011 Present value of minimum lease payments 51,940 28,397 Amount due within one year 18,476 6,497 Long-term lease obligations $ 33,464 $ 21,900

Note 7 - Revolving Credit Fac_2

Note 7 - Revolving Credit Facility (Tables)	6 Months Ended
	Sep. 26, 2020
Notes Tables
Schedule of Line of Credit Facilities [Table Text Block]	Second Quarter Year-to-Date 2021 2020 2021 2020 Reported end of period: Outstanding borrowings $ 62,611 $ 133,338 $ 62,611 $ 133,338 Weighted average interest rate 1.75 % 3.64 % 1.75 % 3.64 % Reported during the period: Maximum amount of borrowings $ 68,078 $ 151,477 $ 107,967 $ 151,477 Average outstanding borrowings $ 48,733 $ 131,551 $ 51,593 $ 132,836 Weighted average interest rate 1.75 % 3.81 % 1.98 % 3.90 %

Note 9 - Retirement Plans (Tabl

Note 9 - Retirement Plans (Tables)	6 Months Ended
	Sep. 26, 2020
Notes Tables
Schedule of Defined Benefit Plans Disclosures [Table Text Block]	Three Months Ended Six Months Ended September 26, September 28, September 26, September 28, Service Cost Including Administration $ 3,259 $ 2,288 $ 6,519 $ 4,572 Interest Cost 2,302 2,296 4,605 4,593 Expected Return on Plan Assets (3,510 ) (3,958 ) (7,021 ) (7,913 ) Amortization of Prior Service Cost 23 30 46 60 Amortization of Net Loss 2,531 - 5,060 - Net Periodic Benefit Cost $ 4,605 $ 656 $ 9,209 $ 1,312

Note 10 - Plant Restructuring (

Note 10 - Plant Restructuring (Tables)	6 Months Ended
	Sep. 26, 2020
Notes Tables
Restructuring and Related Costs [Table Text Block]	Restructuring Payable Severance Other Costs Total Balance March 31, 2020 $ 202 $ - $ 202 First quarter charge 219 44 263 Second quarter charge 8 16 24 Cash payments/write offs (399 ) (60 ) (459 ) Balance September 26, 2020 $ 30 $ - $ 30 Severance Other Costs Total Balance March 31, 2019 $ 225 $ 1 $ 226 First quarter charge 586 4,220 4,806 Second quarter charge 386 760 1,146 Cash payments/write offs (836 ) (4,981 ) (5,817 ) Balance September 28, 2019 $ 361 $ - $ 361

Note 13 - Earnings Per Common_2

Note 13 - Earnings Per Common Share (Tables)	6 Months Ended
	Sep. 26, 2020
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Q U A R T E R Y E A R T O D A T E (Thousands, except per share amounts) Fiscal 2021 Fiscal 2020 Fiscal 2021 Fiscal 2020 Basic Net Earnings $ 18,105 $ 4,635 $ 38,811 $ 5,738 Deduct preferred stock dividends paid 6 6 12 12 Undistributed earnings 18,099 4,629 38,799 5,726 Earnings attributable to participating preferred 71 19 152 23 Earnings attributable to common shareholders $ 18,028 $ 4,610 $ 38,647 $ 5,703 Weighted average common shares outstanding 9,095 9,267 9,106 9,372 Basic earnings per common share $ 1.98 $ 0.50 $ 4.24 $ 0.61 Diluted Earnings from attributable to common shareholders $ 18,028 $ 4,610 $ 38,647 $ 5,703 Add dividends on convertible preferred stock 5 5 10 10 Earnings attributable to common stock on a diluted basis $ 18,033 $ 4,615 $ 38,657 $ 5,713 Weighted average common shares outstanding-basic 9,095 9,267 9,106 9,372 Additional shares issued related to the equity compensation plan 2 2 2 2 Additional shares to be issued under full conversion of preferred stock 67 67 67 67 Total shares for diluted 9,164 9,336 9,175 9,441 Diluted earnings per common share $ 1.97 $ 0.49 $ 4.21 $ 0.61

Note 2 - Discontinued Operati_3

Note 2 - Discontinued Operations (Details Textual) - Modesto Facility [Member] - Discontinued Operations, Disposed of by Sale [Member] - USD ($)	Jul. 13, 2018	Jun. 29, 2019
Proceeds from Divestiture of Businesses, Net of Cash Divested, Total	$ 63,326,000
Disposal Group, Including Discontinued Operation, Revenue, Percent		15.00%

Note 2 - Discontinued Operati_4

Note 2 - Discontinued Operations - Asset and Liabilities in Discontinued Operations (Details) - USD ($) $ in Thousands	Sep. 26, 2020	Mar. 31, 2020	Sep. 28, 2019
Noncurrent Assets Held For Sale-Discontinued Operations	$ 1,085	$ 1,026	$ 1,143
Current Liabilities Held For Sale-Discontinued Operations	0	880	3,649
Modesto Facility [Member] | Discontinued Operations, Disposed of by Sale [Member]
Other Current Assets	157	182	98
Current Assets Held For Sale-Discontinued Operations	157	182	98
Other Assets	1,085	1,026	1,143
Noncurrent Assets Held For Sale-Discontinued Operations	1,085	1,026	1,143
Accounts Payable and Accrued Expenses	0	880	3,649
Current Liabilities Held For Sale-Discontinued Operations	$ 0	$ 880	$ 3,649

Note 3 - Assets Held For Sale -

Note 3 - Assets Held For Sale - Assets and Liabilities Held For Sale (Details) - Disposal Group, Held-for-sale, Not Discontinued Operations [Member] - USD ($) $ in Thousands	Sep. 26, 2020	Mar. 31, 2020	Sep. 28, 2019
Property, Plant and Equipment (net)	$ 11,917
Current Assets Held For Sale	$ 11,917	$ 0	$ 0

Note 4 - Revenue Recognition -

Note 4 - Revenue Recognition - Segment Revenue Disaggregated by Product Category Groups (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 26, 2020	Sep. 28, 2019	Sep. 26, 2020	Sep. 28, 2019
Net sales	$ 390,294	$ 370,002	$ 678,459	$ 634,927
Canned Vegetables [Member]
Net sales	302,300	272,800	523,300	460,100
Frozen [Member]
Net sales	31,000	41,000	49,000	59,100
Fruit [Member]
Net sales	23,900	26,900	42,700	49,500
Chip Products [Member]
Net sales	3,100	3,100	5,400	6,000
Prepared Foods [Member]
Net sales	24,200	23,600	48,400	53,500
Manufactured Product, Other [Member]
Net sales	$ 5,800	$ 2,600	$ 9,700	$ 6,700

Note 5 - Inventories (Details T

Note 5 - Inventories (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 26, 2020	Sep. 28, 2019	Sep. 26, 2020	Sep. 28, 2019	Mar. 31, 2020
Inventory, LIFO Reserve	$ 144,655,000	$ 165,221,000	$ 144,655,000	$ 165,221,000	$ 144,267,000
Inventory, LIFO Reserve, Period Charge	$ 2,528,000	$ 704,000	$ 388,000	$ 3,880,000

Note 5 - Inventories - Inventor

Note 5 - Inventories - Inventories by Category and Impact of Using LIFO Method (Details) - USD ($)	Sep. 26, 2020	Mar. 31, 2020	Sep. 28, 2019
Finished products	$ 536,015,000	$ 351,251,000	$ 547,116,000
In process	26,514,000	31,173,000	27,190,000
Raw materials and supplies	132,830,000	173,474,000	166,098,000
Total	695,359,000	555,898,000	740,404,000
Less excess of FIFO cost over LIFO cost	144,655,000	144,267,000	165,221,000
Inventories	$ 550,704,000	$ 411,631,000	$ 575,183,000

Note 6 - Leases (Details Textua

Note 6 - Leases (Details Textual) - USD ($)	Sep. 26, 2020	Jun. 27, 2020	Mar. 31, 2020	Sep. 28, 2019	Jun. 29, 2019	Apr. 01, 2019	Mar. 31, 2019
Stockholders' Equity Attributable to Parent, Ending Balance	$ 432,052,000		$ 394,364,000	$ 412,662,000
Retained Earnings [Member]
Stockholders' Equity Attributable to Parent, Ending Balance	$ 498,596,000	$ 480,491,000	$ 459,797,000	$ 413,211,000	$ 408,576,000		$ 409,504,000
Accounting Standards Update 2016-02 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Retained Earnings [Member]
Stockholders' Equity Attributable to Parent, Ending Balance						$ 2,019,000

Note 6 - Leases - Lease Expense

Note 6 - Leases - Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 26, 2020	Sep. 28, 2019	Sep. 26, 2020	Sep. 28, 2019
Lease cost:
Amortization of right of use asset	$ 1,145	$ 1,040	$ 2,331	$ 2,107
Interest on lease liabilities	278	344	572	712
Finance lease cost	1,423	1,384	2,903	2,819
Operating lease cost	6,239	7,789	12,646	15,689
Total lease cost	$ 7,662	$ 9,173	15,549	18,508
Operating cash flows from finance leases			572	712
Operating cash flows from operating leases			15,211	18,390
Financing cash flows from finance leases			3,072	3,252
Payments for Amounts Included in the Measurement of Lease Liabilities, Total			18,855	22,354
Right-of-use assets obtained in exchange for new finance lease liabilities			1,122	1,471
Right-of-use assets obtained in exchange for new operating lease liabilities			$ 2,559	$ 5,574
Financing leases (Year)	4 years 10 months 24 days	5 years 7 months 6 days	4 years 10 months 24 days	5 years 7 months 6 days
Operating leases, lease term (Year)	3 years 7 months 6 days	3 years 10 months 24 days	3 years 7 months 6 days	3 years 10 months 24 days
Financing leases	4.10%	4.20%	4.10%	4.20%
Operating leases, discount rate	4.40%	4.60%	4.40%	4.60%

Note 6 - Leases - Undiscounted

Note 6 - Leases - Undiscounted Future Lease Payments Under Operating Leases and Financial Leases (Details) - USD ($) $ in Thousands	Sep. 26, 2020	Mar. 31, 2020	Sep. 28, 2019
Balance of 2021, operating	$ 8,623
Balance of 2021, financing	3,744
2022, operating	19,230
2022, financing	7,488
2023, operating	13,738
2023, financing	7,488
2024, operating	6,820
2024, financing	5,961
2025, operating	3,260
2025, financing	2,607
2026-2032, operating	4,598
2026-2032, financing	4,120
Total minimum payment required, operating	56,269
Total minimum payment required, financing	31,408
Less interest, operating	4,329
Less interest, financing	3,011
Present value of minimum lease payments, operating	51,940
Present value of minimum lease payments, financing	28,397
Amount due within one year, operating	18,476	$ 21,550	$ 25,776
Amount due within one year, financing	6,497	6,224	6,137
Long-term lease obligations	33,464	42,760	52,992
Long-term lease obligations	21,900	$ 24,366	$ 26,773
Current Portion of Long-term Debt and Lease Obligations [Member]
Amount due within one year, operating	$ 18,476

Note 7 - Revolving Credit Fac_3

Note 7 - Revolving Credit Facility (Details Textual) - USD ($)	Jul. 05, 2016	Sep. 26, 2020	Sep. 28, 2019
Accounts Receivable, Vegetable and Fruit Products Sold, Standard Payment Term (Month)		3 months
Accounts Receivable, Vegetable and Fruit Products Sold, Maximum Payment Term (Month)		7 months
Revolving Credit Facility [Member]
Debt Instrument, Term (Year)	5 years
Line of Credit Facility, Maximum Borrowing Capacity During Nonproduction Period		$ 300,000,000
Line of Credit Facility, Maximum Borrowing Capacity During Production Period		400,000,000
Long-term Line of Credit, Total		$ 62,611,000	$ 133,338,000

Note 7 - Revolving Credit Fac_4

Note 7 - Revolving Credit Facility - Revolving Line of Credit Summary (Details) - Revolving Credit Facility [Member] - USD ($)	3 Months Ended		6 Months Ended
	Sep. 26, 2020	Sep. 28, 2019	Sep. 26, 2020	Sep. 28, 2019
Outstanding borrowings	$ 62,611,000	$ 133,338,000	$ 62,611,000	$ 133,338,000
Weighted average interest rate	1.75%	3.64%	1.75%	3.64%
Maximum amount of borrowings	$ 68,078,000	$ 151,477,000	$ 107,967,000	$ 151,477,000
Average outstanding borrowings	$ 48,733,000	$ 131,551,000	$ 51,593,000	$ 132,836,000
Weighted average interest rate	1.75%	3.81%	1.98%	3.90%

Note 8 - Stockholders' Equity (

Note 8 - Stockholders' Equity (Details Textual) - USD ($)	6 Months Ended
	Sep. 26, 2020	Mar. 31, 2020	Sep. 28, 2019
Treasury Stock, Shares, Ending Balance (in shares)	3,070,692
Treasury Stock, Value, Ending Balance	$ 89,482,000	$ 88,319,000	$ 84,320,000
Common Class A [Member]
Treasury Stock, Value, Acquired, Cost Method	1,163,000
Common Class B [Member]
Treasury Stock, Value, Acquired, Cost Method	$ 0

Note 9 - Retirement Plans (Deta

Note 9 - Retirement Plans (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Sep. 26, 2020	Sep. 28, 2019
Defined Benefit Plan, Plan Assets, Contributions by Employer	$ 0	$ 0

Note 9 - Retirement Plans - Net

Note 9 - Retirement Plans - Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 26, 2020	Sep. 28, 2019	Sep. 26, 2020	Sep. 28, 2019
Service Cost Including Administration	$ 3,259	$ 2,288	$ 6,519	$ 4,572
Interest Cost	2,302	2,296	4,605	4,593
Expected Return on Plan Assets	(3,510)	(3,958)	(7,021)	(7,913)
Amortization of Prior Service Cost	23	30	46	60
Amortization of Net Loss	2,531	0	5,060	0
Net Periodic Benefit Cost	$ 4,605	$ 656	$ 9,209	$ 1,312

Note 10 - Plant Restructuring_2

Note 10 - Plant Restructuring (Details Textual) - USD ($)	3 Months Ended
	Sep. 26, 2020	Jun. 27, 2020	Sep. 28, 2019	Jun. 29, 2019
Closing of Northeast Plant [Member]
Restructuring Charges, Total	$ 24,000	$ 263,000
Closing of Northeast Plant [Member] | Employee Severance [Member]
Restructuring Charges, Total		219,000
Closing of Northeast Plant [Member] | Lease Impairments [Member]
Restructuring Charges, Total		$ 44,000
Closing of Midwest and Northwest Plants [Member]
Restructuring Charges, Total			$ 1,146,000	$ 4,806,000
Closing of Midwest and Northwest Plants [Member] | Employee Severance [Member]
Restructuring Charges, Total			386,000	586,000
Closing of Midwest and Northwest Plants [Member] | Lease Impairments [Member]
Restructuring Charges, Total			2,230,000	2,245,000
Restructuring Credits, Total			1,875,000
Closing of Midwest and Northwest Plants [Member] | Equipment Moves [Member]
Restructuring Charges, Total			$ 405,000	$ 1,975,000

Note 10 - Plant Restructuring -

Note 10 - Plant Restructuring - Restructuring Reserve (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Sep. 26, 2020	Jun. 27, 2020	Sep. 28, 2019	Jun. 29, 2019	Sep. 26, 2020	Sep. 28, 2019
Balance		$ 202		$ 226	$ 202	$ 226
Charge to expense	$ 24	263	$ 1,146	4,806
Cash payments/write offs					(459)	(5,817)
Balance	30		361		30	361
Employee Severance [Member]
Balance		202		225	202	225
Charge to expense	8	219	386	586
Cash payments/write offs					(399)	(836)
Balance	30		361		30	361
Other Restructuring [Member]
Balance		0		1	0	1
Charge to expense	16	$ 44	760	$ 4,220
Cash payments/write offs					(60)	(4,981)
Balance	$ 0		$ 0		$ 0	$ 0

Note 11 - Other Operating Inc_2

Note 11 - Other Operating Income and Expense (Details Textual) - USD ($)	6 Months Ended
	Sep. 26, 2020	Sep. 28, 2019
Other Operating Income (Expense) [Member]
Pension and Other Postretirement Benefits Cost (Reversal of Cost), Total	$ 1,174,000
Disposal of Equipment from Sold Northwest Plan [Member]
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	(532,000)
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property	$ 71,000
Closed Plant in the Midwest [Member]
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal		$ 3,742,000
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property		$ 3,259,000

Note 13 - Earnings Per Common_3

Note 13 - Earnings Per Common Share from Continuing Operations - Earnings per Common Share from Continuing Operations and Discontinued Operations (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 26, 2020	Sep. 28, 2019	Sep. 26, 2020	Sep. 28, 2019
Net Earnings	$ 18,105	$ 4,635	$ 38,811	$ 5,738
Deduct preferred stock dividends paid	6	6	12	12
Undistributed earnings	18,099	4,629	38,799	5,726
Earnings attributable to participating preferred	71	19	152	23
Earnings attributable to common shareholders	$ 18,028	$ 4,610	$ 38,647	$ 5,703
Weighted average common shares outstanding-basic (in shares)	9,095	9,267	9,106	9,372
Basic earnings per common share (in dollars per share)	$ 1.98	$ 0.50	$ 4.24	$ 0.61
Earnings from attributable to common shareholders	$ 18,028	$ 4,610	$ 38,647	$ 5,703
Add dividends on convertible preferred stock	5	5	10	10
Earnings attributable to common stock on a diluted basis	$ 18,033	$ 4,615	$ 38,657	$ 5,713
Weighted average common shares outstanding-basic (in shares)	9,095	9,267	9,106	9,372
Additional shares issued related to the equity compensation plan (in shares)	2	2	2	2
Additional shares to be issued under full conversion of preferred stock (in shares)	67	67	67	67
Total shares for diluted (in shares)	9,164	9,336	9,175	9,441
Diluted Earnings per Common Share: (in dollars per share)	$ 1.97	$ 0.49	$ 4.21	$ 0.61

Note 14 - Fair Value of Finan_2

Note 14 - Fair Value of Financial Instruments (Details Textual) - USD ($)	Sep. 26, 2020	Mar. 31, 2020	Sep. 28, 2019
Long-term Debt, Gross	$ 172,180,000	$ 217,581,000	$ 243,978,000
Long-term Debt, Fair Value	$ 172,997,000	$ 217,559,000	$ 243,903,000

Note 15 - Income Taxes (Details

Note 15 - Income Taxes (Details Textual)	6 Months Ended
	Sep. 26, 2020	Sep. 28, 2019
Effective Income Tax Rate Reconciliation, Percent, Total	23.50%	22.90%
Effective Income Tax Rate Continuing Operations Change	1.60%
Effective Income Tax Rate Reconciliation, CARES Act, Percent	(0.80%)

Uncategorized Items - senea2020

Label	Element	Value
Common Class B [Member]
Common stock, shares authorized (in shares)	us-gaap_CommonStockSharesAuthorized	10,000,000
Common stock, shares outstanding (in shares)	us-gaap_CommonStockSharesOutstanding	1,718,002
Cumulative Preferred Stock [Member]
Preferred stock, outstanding (in shares)	us-gaap_PreferredStockSharesOutstanding	200,000
Preferred stock, shares authorized (in shares)	us-gaap_PreferredStockSharesAuthorized	200,000
Common Class A [Member]
Common stock, shares authorized (in shares)	us-gaap_CommonStockSharesAuthorized	20,000,000
Common stock, shares outstanding (in shares)	us-gaap_CommonStockSharesOutstanding	7,374,239
Cumulative Convertible Preferred Stock [Member]
Preferred stock, outstanding (in shares)	us-gaap_PreferredStockSharesOutstanding	807,240
Preferred stock, shares authorized (in shares)	us-gaap_PreferredStockSharesAuthorized	1,400,000
Series 2003 Convertible Preferred Stock [Member]
Preferred stock, outstanding (in shares)	us-gaap_PreferredStockSharesOutstanding	500
Preferred stock, shares authorized (in shares)	us-gaap_PreferredStockSharesAuthorized	500
Participating Convertible Preferred Stock [Member]
Preferred stock, outstanding (in shares)	us-gaap_PreferredStockSharesOutstanding	35,355
Preferred stock, shares authorized (in shares)	us-gaap_PreferredStockSharesAuthorized	35,355