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
Mar. 31, 2013
Apr. 01, 2012
Net sales $ 78,416 $ 85,306
Cost of products sold 58,649 65,763
Gross profit 19,767 19,543
Marketing and administrative expenses 11,674 11,411
Income from operations 8,093 8,132
Other income (expense):    
Interest and amortization of debt discount and expense (81) (229)
Interest income 61  
(Loss) gain on sale of property, plant and equipment (84) 4
Other - net 29 12
Income before income tax expense 8,018 7,919
Income tax expense 2,907 2,880
Net income $ 5,111 $ 5,039
Weighted average shares outstanding:    
Basic (in Shares) 9,786 9,645
Effect of dilutive securities (in Shares)   102
Diluted (in Shares) 9,786 9,747
Earnings per share:    
Basic (in Dollars per share) $ 0.52 $ 0.52
Diluted (in Dollars per share) $ 0.52 $ 0.52
Cash dividends declared per share (in Dollars per share) $ 0.74 $ 0.22