Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Income

v3.5.0.2
Unaudited Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Jul. 03, 2016
Jun. 28, 2015
Net sales $ 15,599 $ 17,858
Cost of products sold 11,312 13,077
Gross profit 4,287 4,781
Marketing and administrative expenses 2,839 3,261
Income from operations 1,448 1,520
Other income (expense):    
Interest expense (19) (8)
Interest income 29 15
Foreign exchange gain 31 1
Other - net 1 4
Income before income tax expense 1,490 1,532
Income tax expense 387 605
Net income $ 1,103 $ 927
Weighted average shares outstanding:    
Basic (in shares) 9,979 10,058
Effect of dilutive securities (in shares) 46 50
Diluted (in shares) 10,025 10,108
Earnings per share:    
Basic (in dollars per share) $ 0.11 $ 0.09
Diluted (in dollars per share) 0.11 0.09
Cash dividends declared per share (in dollars per share) $ 0.08 $ 0.08