Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Income

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Unaudited Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Oct. 01, 2017
Oct. 02, 2016
Oct. 01, 2017
Oct. 02, 2016
Net sales $ 16,461 $ 15,809 $ 30,108 $ 31,408
Cost of products sold 11,439 11,500 21,484 22,812
Gross profit 5,022 4,309 8,624 8,596
Marketing and administrative expenses 3,807 2,761 6,708 5,600
Income from operations 1,215 1,548 1,916 2,996
Other income (expense):        
Interest expense (18) (23) (38) (42)
Interest income 28 34 69 63
Foreign exchange (loss) gain (1) (2) (3) 29
Other - net 1 1 2 2
Income before income tax expense 1,225 1,558 1,946 3,048
Income tax expense 500 559 703 946
Net income $ 725 $ 999 $ 1,243 $ 2,102
Weighted average shares outstanding:        
Basic (in shares) 10,074 10,011 10,059 9,995
Effect of dilutive securities (in shares) 4 45 8 41
Diluted (in shares) 10,078 10,056 10,067 10,036
Earnings per share:        
Basic (in dollars per share) $ 0.07 $ 0.10 $ 0.12 $ 0.21
Diluted (in dollars per share) 0.07 0.10 0.12 0.21
Cash dividends declared per share (in dollars per share) $ 0.08 $ 0.08 $ 0.16 $ 0.16