Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Income

v3.19.3
Unaudited Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Sep. 29, 2019
Sep. 30, 2018
Sep. 29, 2019
Sep. 30, 2018
Net sales $ 18,560 $ 20,536 $ 34,502 $ 35,996
Cost of products sold 12,691 14,166 24,082 25,498
Gross profit 5,869 6,370 10,420 10,498
Marketing and administrative expenses 3,476 3,827 6,928 7,512
Income from operations 2,393 2,543 3,492 2,986
Other income (expense):        
Interest income (expense) - net (23) (88) 6 (187)
Gain on sale of property, plant and equipment 9 9
Other - net 3 1 11 1
Income before income tax expense 2,382 2,456 3,518 2,800
Income tax expense 603 647 660 727
Net income $ 1,779 $ 1,809 $ 2,858 $ 2,073
Weighted average shares outstanding:        
Basic (in shares) 10,143 10,086 10,131 10,078
Effect of dilutive securities (in shares) 2 2
Diluted (in shares) 10,143 10,088 10,131 10,080
Earnings per share:        
Basic (in dollars per share) $ 0.18 $ 0.18 $ 0.28 $ 0.21
Diluted (in dollars per share) $ 0.18 $ 0.18 $ 0.28 $ 0.21