Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Income

v3.22.4
Unaudited Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jan. 01, 2023
Dec. 26, 2021
Jan. 01, 2023
Dec. 26, 2021
Net sales $ 19,004 $ 22,742 $ 53,440 $ 61,674
Cost of products sold 14,498 16,572 38,335 44,780
Gross profit 4,506 6,170 15,105 16,894
Marketing and administrative expenses 2,742 3,094 8,891 9,624
Income from operations 1,764 3,076 6,214 7,270
Other (expense) income:        
Interest income - net of interest expense 5 (14) 6 (30)
Gain on extinguishment of debt 0 0 0 1,985
Gain on insurance proceeds received for damage to equipment 0 0 34 0
Gain (loss) on sale of property, plant and equipment 0 0 2 (3)
Other - net (1) (25) 123 67
Income before income tax expense 1,768 3,037 6,379 9,289
Income tax expense 420 605 1,557 1,806
Net income $ 1,348 $ 2,432 $ 4,822 $ 7,483
Weighted average shares outstanding:        
Basic (in shares) 10,118 10,078 10,096 10,045
Effect of dilutive securities (in shares) 15 29 20 30
Diluted (in shares) 10,133 10,107 10,116 10,075
Earnings per share -- basic and diluted (in dollars per share) $ 0.13 $ 0.24 $ 0.48 $ 0.74