Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Income

v3.21.2
Unaudited Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Sep. 26, 2021
Sep. 27, 2020
Sep. 26, 2021
Sep. 27, 2020
Net sales $ 20,220 $ 21,659 $ 38,932 $ 37,864
Cost of products sold 14,152 14,565 28,208 25,747
Gross profit 6,068 7,094 10,724 12,117
Marketing and administrative expenses 3,164 3,802 6,530 7,182
Income from operations 2,904 3,292 4,194 4,935
Other (expense) income:        
Interest expense - net of interest income (3) (1) (16) (5)
Gain on extinguishment of debt 0 0 1,985 0
Loss on sale of property, plant and equipment (3) 0 (3) 0
Other - net 80 (1) 92 0
Income before income tax expense 2,978 3,290 6,252 4,930
Income tax expense 592 803 1,201 1,228
Net income $ 2,386 $ 2,487 $ 5,051 $ 3,702
Weighted average shares outstanding:        
Basic (in shares) 10,053 10,208 10,028 10,189
Effect of dilutive securities (in shares) 41 6 43 4
Diluted (in shares) 10,094 10,214 10,071 10,193
Earnings per share - basic and diluted (in dollars per share) $ 0.24 $ 0.24 $ 0.50 $ 0.36