Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Income

v3.6.0.2
Unaudited Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jan. 01, 2017
Dec. 27, 2015
Jan. 01, 2017
Dec. 27, 2015
Net sales $ 17,262 $ 20,691 $ 48,670 $ 59,265
Cost of products sold 11,623 14,439 34,435 42,526
Gross profit 5,639 6,252 14,235 16,739
Marketing and administrative expenses 2,576 3,182 8,176 9,551
Income from operations 3,063 3,070 6,059 7,188
Other income (expense):        
Interest expense (13) (8) (55) (47)
Interest income 40 14 103 44
Gain on sale of property, plant and equipment 15
Foreign exchange (loss) gain (3) (53) 26 (62)
Other - net 1 (1) 3 2
Income before income tax expense 3,088 3,022 6,136 7,140
Income tax expense 1,227 879 2,173 2,505
Net income $ 1,861 $ 2,143 $ 3,963 $ 4,635
Weighted average shares outstanding:        
Basic (in shares) 10,031 9,996 10,007 10,024
Effect of dilutive securities (in shares) 27 42 33 39
Diluted (in shares) 10,058 10,038 10,040 10,063
Earnings per share:        
Basic (in dollars per share) $ 0.19 $ 0.21 $ 0.40 $ 0.46
Diluted (in dollars per share) 0.19 0.21 0.39 0.46
Dividends declared, per share (in dollars per share) $ 0.48 $ 0.08 $ 0.64 $ 0.24