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
Jul. 02, 2017
Jul. 03, 2016
Net sales $ 13,647 $ 15,599
Cost of products sold 10,045 11,312
Gross profit 3,602 4,287
Marketing and administrative expenses 2,901 2,839
Income from operations 701 1,448
Other income (expense):    
Interest expense (20) (19)
Interest income 41 29
Foreign exchange (loss) gain (2) 31
Other - net 1 1
Income before income tax expense 721 1,490
Income tax expense 203 387
Net income $ 518 $ 1,103
Weighted average shares outstanding:    
Basic (in shares) 10,044 9,979
Effect of dilutive securities (in shares) 11 46
Diluted (in shares) 10,055 10,025
Earnings per share:    
Basic (in dollars per share) $ 0.05 $ 0.11
Diluted (in dollars per share) 0.05 0.11
Cash dividends declared per share (in dollars per share) $ 0.08 $ 0.08