Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Income

v3.20.4
Unaudited Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Dec. 27, 2020
Dec. 29, 2019
Dec. 27, 2020
Dec. 29, 2019
Net sales $ 19,476 $ 18,587 $ 57,340 $ 53,089
Cost of products sold 13,323 12,766 39,070 36,848
Gross profit 6,153 5,821 18,270 16,241
Marketing and administrative expenses 3,420 3,416 10,602 10,344
Income from operations 2,733 2,405 7,668 5,897
Other (expense) income:        
Interest expense - net of interest income (3) (34) (8) (28)
(Loss) gain on sale of property, plant and equipment (4) 6 (4) 15
Other - net (3) (3) 11
Income before income tax expense 2,723 2,377 7,653 5,895
Income tax expense 582 282 1,810 942
Net income $ 2,141 $ 2,095 $ 5,843 $ 4,953
Weighted average shares outstanding:        
Basic (in shares) 10,208 10,166 10,195 10,143
Effect of dilutive securities (in shares) 16 11 5 1
Diluted (in shares) 10,224 10,177 10,200 10,144
Earnings per share - basic and diluted (in dollars per share) $ 0.21 $ 0.21 $ 0.57 $ 0.49