Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income

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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Apr. 01, 2012
Apr. 03, 2011
Net sales $ 85,306 $ 89,971
Cost of products sold 65,763 69,880
Gross profit 19,543 20,091
Marketing and administrative expenses 11,392 12,459
Income from operations 8,151 7,632
Other income (expense):    
Interest and amortization of debt discount and expense (229) (460)
Other - net 16 3
Income before income tax expense 7,938 7,175
Income tax expense 2,886 2,772
Income from continuing operations 5,052 4,403
Loss from discontinued operations - net of income taxes (13) (97)
Net income $ 5,039 $ 4,306
Weighted average shares outstanding:    
Basic (in Shares) 9,645 9,497
Effect of dilutive securities (in Shares) 102 173
Diluted (in Shares) 9,747 9,670
Basic earnings per share:    
Income from continuing operations (in Dollars per share) $ 0.52 $ 0.46
Loss from discontinued operations - net of income taxes (in Dollars per share)   $ (0.01)
Total basic earnings per share (in Dollars per share) $ 0.52 $ 0.45
Diluted earnings per share:    
Income from continuing operations (in Dollars per share) $ 0.52 $ 0.46
Loss from discontinued operations - net of income taxes (in Dollars per share)   $ (0.01)
Total diluted earnings per share (in Dollars per share) $ 0.52 $ 0.45
Cash dividends declared per share (in Dollars per share) $ 0.22 $ 0.09