Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Income

v2.4.1.9
Unaudited Condensed Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Dec. 28, 2014
Dec. 29, 2013
Dec. 28, 2014
Dec. 29, 2013
Net sales $ 23,743us-gaap_SalesRevenueGoodsNet $ 20,619us-gaap_SalesRevenueGoodsNet $ 59,888us-gaap_SalesRevenueGoodsNet $ 57,283us-gaap_SalesRevenueGoodsNet
Cost of products sold 17,115us-gaap_CostOfGoodsSold 14,665us-gaap_CostOfGoodsSold 43,132us-gaap_CostOfGoodsSold 41,108us-gaap_CostOfGoodsSold
Gross profit 6,628us-gaap_GrossProfit 5,954us-gaap_GrossProfit 16,756us-gaap_GrossProfit 16,175us-gaap_GrossProfit
Legal expense 59us-gaap_LegalFees 144us-gaap_LegalFees 1,360us-gaap_LegalFees 701us-gaap_LegalFees
Other Marketing and administrative expenses 3,297us-gaap_OtherSellingGeneralAndAdministrativeExpense 2,951us-gaap_OtherSellingGeneralAndAdministrativeExpense 9,665us-gaap_OtherSellingGeneralAndAdministrativeExpense 9,446us-gaap_OtherSellingGeneralAndAdministrativeExpense
Income from operations 3,272us-gaap_OperatingIncomeLoss 2,859us-gaap_OperatingIncomeLoss 5,731us-gaap_OperatingIncomeLoss 6,028us-gaap_OperatingIncomeLoss
Other income (expense):        
Interest expense (10)us-gaap_InterestExpense (8)us-gaap_InterestExpense (27)us-gaap_InterestExpense (38)us-gaap_InterestExpense
Interest income 1us-gaap_InvestmentIncomeInterest 5us-gaap_InvestmentIncomeInterest 17us-gaap_InvestmentIncomeInterest 18us-gaap_InvestmentIncomeInterest
Other - net (21)us-gaap_OtherNonoperatingIncomeExpense 13us-gaap_OtherNonoperatingIncomeExpense (31)us-gaap_OtherNonoperatingIncomeExpense (2)us-gaap_OtherNonoperatingIncomeExpense
Income before income tax expense 3,242us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 2,869us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 5,690us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 6,006us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense 1,196us-gaap_IncomeTaxExpenseBenefit 1,090us-gaap_IncomeTaxExpenseBenefit 2,111us-gaap_IncomeTaxExpenseBenefit 2,263us-gaap_IncomeTaxExpenseBenefit
Net income $ 2,046us-gaap_NetIncomeLoss $ 1,779us-gaap_NetIncomeLoss $ 3,579us-gaap_NetIncomeLoss $ 3,743us-gaap_NetIncomeLoss
Weighted average shares outstanding:        
Basic (in shares) 10,072us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 9,859us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 10,041us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 9,845us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Effect of dilutive securities (in shares) 30us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment 18us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment 35us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment 13us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment
Diluted (in shares) 10,102us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 9,877us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 10,076us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 9,858us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Earnings per share:        
Basic (in dollars per share) $ 0.20us-gaap_EarningsPerShareBasic $ 0.18us-gaap_EarningsPerShareBasic $ 0.36us-gaap_EarningsPerShareBasic $ 0.38us-gaap_EarningsPerShareBasic
Diluted (in dollars per share) $ 0.20us-gaap_EarningsPerShareDiluted $ 0.18us-gaap_EarningsPerShareDiluted $ 0.36us-gaap_EarningsPerShareDiluted $ 0.38us-gaap_EarningsPerShareDiluted
Cash dividends declared per share (in dollars per share) $ 0.08us-gaap_CommonStockDividendsPerShareDeclared $ 0.08us-gaap_CommonStockDividendsPerShareDeclared $ 0.24us-gaap_CommonStockDividendsPerShareDeclared $ 0.24us-gaap_CommonStockDividendsPerShareDeclared