v3.19.3.a.u2
Unaudited Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Dec. 29, 2019
Dec. 30, 2018
Dec. 29, 2019
Dec. 30, 2018
Net sales $ 18,587 $ 18,668 $ 53,089 $ 54,664
Cost of products sold 12,766 13,071 36,848 38,569
Gross profit 5,821 5,597 16,241 16,095
Marketing and administrative expenses 3,416 3,446 10,344 10,958
Income from operations 2,405 2,151 5,897 5,137
Other income (expense):        
Interest expense - net of interest income (34) (62) (28) (249)
Gain on sale of property, plant and equipment 6 15
Other - net 2 11 3
Income before income tax expense 2,377 2,091 5,895 4,891
Income tax expense 282 537 942 1,264
Net income $ 2,095 $ 1,554 $ 4,953 $ 3,627
Weighted average shares outstanding:        
Basic (in shares) 10,166 10,098 10,143 10,084
Effect of dilutive securities (in shares) 11 1 1 2
Diluted (in shares) 10,177 10,099 10,144 10,086
Earnings per share:        
Basic (in dollars per share) $ 0.21 $ 0.15 $ 0.49 $ 0.36
Diluted (in dollars per share) $ 0.21 $ 0.15 $ 0.49 $ 0.36

Source