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
Sep. 30, 2018
Oct. 01, 2017
Sep. 30, 2018
Oct. 01, 2017
Net sales $ 20,536 $ 16,461 $ 35,996 $ 30,108
Cost of products sold 14,166 11,439 25,498 21,484
Gross profit 6,370 5,022 10,498 8,624
Marketing and administrative expenses 3,827 3,807 7,512 6,708
Income from operations 2,543 1,215 2,986 1,916
Other income (expense):        
Interest expense (88) (18) (187) (38)
Interest income 28 69
Other - net 1 1 (1)
Income before income tax expense 2,456 1,225 2,800 1,946
Income tax expense 647 500 727 703
Net income $ 1,809 $ 725 $ 2,073 $ 1,243
Weighted average shares outstanding:        
Basic (in shares) 10,086 10,074 10,078 10,059
Effect of dilutive securities (in shares) 2 4 2 8
Diluted (in shares) 10,088 10,078 10,080 10,067
Earnings per share:        
Basic (in dollars per share) $ 0.18 $ 0.07 $ 0.21 $ 0.12
Diluted (in dollars per share) 0.18 0.07 0.21 0.12
Cash dividends declared per share (in dollars per share) $ 0.08 $ 0.08 $ 0.16 $ 0.16