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. 02, 2016
Sep. 27, 2015
Oct. 02, 2016
Sep. 27, 2015
Net sales $ 15,809 $ 20,716 $ 31,408 $ 38,574
Cost of products sold 11,500 15,010 22,812 28,087
Gross profit 4,309 5,706 8,596 10,487
Marketing and administrative expenses 2,761 3,108 5,600 6,369
Income from operations 1,548 2,598 2,996 4,118
Other income (expense):        
Interest expense (23) (31) (42) (39)
Interest income 34 15 63 30
Gain on sale of property, plant and equipment 15 15
Foreign exchange (loss) gain (2) (10) 29 (9)
Other - net 1 (1) 2 3
Income before income tax expense 1,558 2,586 3,048 4,118
Income tax expense 559 1,021 946 1,626
Net income $ 999 $ 1,565 $ 2,102 $ 2,492
Weighted average shares outstanding:        
Basic (in shares) 10,011 10,017 9,995 10,038
Effect of dilutive securities (in shares) 45 45 41 45
Diluted (in shares) 10,056 10,062 10,036 10,083
Earnings per share:        
Basic (in dollars per share) $ 0.10 $ 0.16 $ 0.21 $ 0.25
Diluted (in dollars per share) 0.10 0.16 0.21 0.25
Cash dividends declared per share (in dollars per share) $ 0.08 $ 0.08 $ 0.16 $ 0.16