Company: SENEA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025429
Chunk: 56

Company: Seneca Foods Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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The deferred revenue activity is shown in the following table (in thousands):

			Three Months Ended

			June 28,

			June 29,

			2025

			2024

			Beginning balance

			$
			11,140

			$
			8,185

			Deferral of revenue

			1,488

			1,239

			Recognition of unearned revenue

			(4,315
			)

			(4,363
			)

			Ending balance

			$
			8,313

			$
			5,061

			3.

			Earnings per Common Share 

Earnings per share for the three months ended June 28, 2025 and June 29, 2024 are as follows (in thousands, except per share amounts):

			Three Months Ended

			June 28,

			June 29,

			2025

			2024

			Basic

			Net earnings

			$
			14,885

			$
			12,661

			Deduct preferred stock dividends

			6

			6

			Undistributed net earnings

			14,879

			12,655

			Earnings attributable to participating preferred shareholders

			17

			15

			Earnings attributable to common shareholders

			$
			14,862

			$
			12,640

			Weighted average common shares outstanding

			6,882

			6,962

			Basic earnings per common share

			$
			2.16

			$
			1.82

			Diluted

			Earnings attributable to common shareholders

			$
			14,862

			$
			12,640

			Add dividends on convertible preferred stock

			5

			5

			Earnings attributable to common stock on a diluted basis

			$
			14,867

			$
			12,645

			Weighted average common shares outstanding - basic

			6,882

			6,962

			Additional shares to be issued under full conversion of preferred stock

			67

			67

			Total shares for diluted

			6,949

			7,029

			Diluted earnings per common share