Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Income

v3.2.0.727
Unaudited Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Jun. 28, 2015
Jun. 29, 2014
Net sales $ 17,858 $ 15,704
Cost of products sold 13,077 11,422
Gross profit 4,781 4,282
Legal expense 34 192
Other marketing and administrative expenses 3,227 2,970
Income from operations 1,520 1,120
Other income (expense):    
Interest expense (8) (8)
Interest income 15 10
Foreign exchange gain 1 2
Other - net 4 3
Income before income tax expense 1,532 1,127
Income tax expense 605 424
Net income $ 927 $ 703
Weighted average shares outstanding:    
Basic (in shares) 10,058 9,985
Effect of dilutive securities (in shares) 50 44
Diluted (in shares) 10,108 10,029
Earnings per share:    
Basic (in dollars per share) $ 0.09 $ 0.07
Diluted (in dollars per share) 0.09 0.07
Cash dividends declared per share (in dollars per share) $ 0.08 $ 0.08