Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Income

v3.23.3
Unaudited Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Oct. 01, 2023
Oct. 02, 2022
Oct. 01, 2023
Oct. 02, 2022
Net sales $ 24,129 $ 18,726 $ 41,252 $ 34,436
Cost of products sold 17,533 13,280 29,914 23,837
Gross profit 6,596 5,446 11,338 10,599
Marketing and administrative expenses 4,036 2,736 8,082 6,149
Income from operations 2,560 2,710 3,256 4,450
Other (expense) income:        
Interest expense - net of interest income (164) 4 (352) 1
Gain on insurance proceeds received for damage to equipment 0 0 0 34
Gain on sale of property, plant and equipment 0 0 0 2
Other - net (24) (3) (26) 124
Income before income tax expense 2,372 2,711 2,878 4,611
Income tax expense 550 671 690 1,137
Net income $ 1,822 $ 2,040 $ 2,188 $ 3,474
Weighted average shares outstanding:        
Basic (in shares) 10,199 10,094 10,177 10,085
Effect of dilutive securities (in shares) 2 22 5 22
Diluted (in shares) 10,201 10,116 10,182 10,107
Earnings per share - basic and diluted (in dollars per share) $ 0.18 $ 0.2 $ 0.21 $ 0.34