Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income

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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Apr. 02, 2017
Apr. 03, 2016
Net sales $ 65,978 $ 84,342
Cost of products sold 46,567 60,529
Gross profit 19,411 23,813
Marketing and administrative expenses 10,711 13,025
Income from operations 8,700 10,788
Other income (expense):    
Interest expense (68) (58)
Interest income 134 69
Foreign exchange gain (loss) 26 (62)
Other - net 4 7
Income before income tax expense 8,796 10,744
Income tax expense 3,224 3,915
Net income $ 5,572 $ 6,829
Weighted average shares outstanding:    
Basic (in shares) 10,013 10,017
Effect of dilutive securities (in shares) 28 21
Diluted (in shares) 10,041 10,038
Earnings per share:    
Basic (in dollars per share) $ 0.56 $ 0.68
Diluted (in dollars per share) 0.55 0.68
Dividends declared, per share (in dollars per share) $ 0.72 $ 0.57