v3.22.0.1
Unaudited Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Dec. 26, 2021
Dec. 27, 2020
Dec. 26, 2021
Dec. 27, 2020
Net sales $ 22,742 $ 19,476 $ 61,674 $ 57,340
Cost of products sold 16,572 13,323 44,780 39,070
Gross profit 6,170 6,153 16,894 18,270
Marketing and administrative expenses 3,094 3,420 9,624 10,602
Income from operations 3,076 2,733 7,270 7,668
Other (expense) income:        
Interest expense - net of interest income (14) (3) (30) (8)
Gain on extinguishment of debt 0 0 1,985 0
Loss on sale of property, plant and equipment 0 (4) (3) (4)
Other - net (25) (3) 67 (3)
Income before income tax expense 3,037 2,723 9,289 7,653
Income tax expense 605 582 1,806 1,810
Net income $ 2,432 $ 2,141 $ 7,483 $ 5,843
Weighted average shares outstanding:        
Basic (in shares) 10,078 10,208 10,045 10,195
Effect of dilutive securities (in shares) 29 16 30 5
Diluted (in shares) 10,107 10,224 10,075 10,200
Earnings per share - basic and diluted (in dollars per share) $ 0.24 $ 0.21 $ 0.74 $ 0.57

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