Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Income

v2.3.0.15
Unaudited Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Oct. 02, 2011
Sep. 26, 2010
Oct. 02, 2011
Sep. 26, 2010
Net sales $ 21,319 $ 23,711 $ 38,818 $ 40,878
Cost of products sold 16,578 18,056 30,294 30,932
Gross profit 4,741 5,655 8,524 9,946
Marketing and administrative expenses 2,948 3,519 5,798 6,534
Income from operations 1,793 2,136 2,726 3,412
Other income (expense):        
Interest and amortization of debt discount and expense (70) (125) (148) (222)
Other - net 2 2 10 9
Income before income tax expense 1,725 2,013 2,588 3,199
Income tax expense 655 796 985 1,251
Income from continuing operations 1,070 1,217 1,603 1,948
Loss from discontinued operations - net of income taxes (3) (3) (6) (8)
Net income $ 1,067 $ 1,214 $ 1,597 $ 1,940
Weighted average shares outstanding - basic (in Shares) 9,644 9,587 9,632 9,417
Weighted average shares outstanding - diluted (in Shares) 9,778 9,748 9,784 9,555
Basic earnings per share:        
Income from continuing operations (in Dollars per share) $ 0.11 $ 0.13 $ 0.17 $ 0.21
Loss from discontinued operations - net of income taxes (in Dollars per share)        
Total basic earnings per share (in Dollars per share) $ 0.11 $ 0.13 $ 0.17 $ 0.21
Diluted earnings per share:        
Income from continuing operations (in Dollars per share) $ 0.11 $ 0.12 $ 0.16 $ 0.20
Loss from discontinued operations - net of income taxes (in Dollars per share)        
Total diluted earnings per share (in Dollars per share) $ 0.11 $ 0.12 $ 0.16 $ 0.20
Cash dividends declared per share (in Dollars per share) $ 0.03 $ 0.02 $ 0.06 $ 0.04