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. 03, 2016
Mar. 29, 2015
Net sales $ 84,342 $ 85,978
Cost of products sold 60,529 62,428
Gross profit 23,813 23,550
Legal expense 107 1,368
Other marketing and administrative expenses 12,918 12,962
Income from operations 10,788 9,220
Other income (expense):    
Interest expense (58) (37)
Interest income 69 19
Foreign exchange loss (62) (49)
Other - net 7 7
Income before income tax expense 10,744 9,160
Income tax expense 3,915 3,442
Net income $ 6,829 $ 5,718
Weighted average shares outstanding:    
Basic (in shares) 10,017 10,047
Effect of dilutive securities (in shares) 21 33
Diluted (in shares) 10,038 10,080
Earnings per share:    
Basic (in dollars per share) $ 0.68 $ 0.57
Diluted (in dollars per share) 0.68 0.57
Dividends declared, per share (in dollars per share) $ 0.57 $ 0.32