Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income

v3.22.1
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Apr. 03, 2022
Mar. 28, 2021
Net sales $ 87,360 $ 79,164
Cost of products sold 64,052 55,067
Gross profit 23,308 24,097
Marketing and administrative expenses 13,002 14,218
Loss from impairment of long-lived assets 0 2,234
Income from operations 10,306 7,645
Other (expense) income:    
Interest expense - net of interest income (50) 83
Gain on extinguishment of debt 1,985 0
Gain (Loss) on sale of property, plant and equipment 18 (4)
Other - net 67 (1)
Income before income tax expense 12,326 7,723
Income tax expense 2,408 1,642
Net income $ 9,918 $ 6,081
Weighted average shares outstanding:    
Basic (in shares) 10,055 10,144
Effect of dilutive securities (in shares) 29 6
Diluted (in shares) 10,084 10,150
Earnings per share:    
Basic (in dollars per share) $ 0.99 $ 0.60
Diluted (in dollars per share) $ 0.98 $ 0.60