Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income

v3.23.2
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Apr. 02, 2023
Apr. 03, 2022
Statement [Line Items]    
Net sales $ 75,053 $ 87,360
Cost of products sold 55,225 64,052
Gross profit 19,828 23,308
Marketing and administrative expenses 12,655 13,002
Income from operations 7,173 10,306
Other (expense) income:    
Interest income - net of interest expense 81 (50)
Gain on extinguishment of debt 0 1,985
Gain on insurance proceeds received for damage to equipment 34 0
Gain on sale of property, plant and equipment 2 18
Other - net 136 67
Income before income tax expense 7,426 12,326
Income tax expense 1,776 2,408
Net income $ 5,650 $ 9,918
Weighted average shares outstanding:    
Basic (in shares) 10,102 10,055
Effect of dilutive securities (in shares) 18 29
Diluted (in shares) 10,120 10,084
Earnings per share:    
Basic (in dollars per share) $ 0.56 $ 0.99
Diluted (in dollars per share) $ 0.56 $ 0.98