v3.22.2.2
Unaudited Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Oct. 02, 2022
Sep. 26, 2021
Oct. 02, 2022
Sep. 26, 2021
Net sales $ 18,726 $ 20,220 $ 34,436 $ 38,932
Cost of products sold 13,280 14,152 23,837 28,208
Gross profit 5,446 6,068 10,599 10,724
Marketing and administrative expenses 2,736 3,164 6,149 6,530
Income from operations 2,710 2,904 4,450 4,194
Other (expense) income:        
Interest income - net of interest expense 4 (3) 1 (16)
Gain on extinguishment of debt 0 0 0 1,985
Gain on insurance proceeds received for damage to equipment 0 0 34 0
Gain (loss) on sale of property, plant and equipment 0 (3) 2 (3)
Other - net (3) 80 124 92
Income before income tax expense 2,711 2,978 4,611 6,252
Income tax expense 671 592 1,137 1,201
Net income $ 2,040 $ 2,386 $ 3,474 $ 5,051
Weighted average shares outstanding:        
Basic (in shares) 10,094 10,053 10,085 10,028
Effect of dilutive securities (in shares) 22 41 22 43
Diluted (in shares) 10,116 10,094 10,107 10,071
Earnings per share -- basic and diluted (in dollars per share) $ 0.20 $ 0.24 $ 0.34 $ 0.50

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