Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Income

v3.23.2
Unaudited Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Jul. 02, 2023
Jul. 03, 2022
Net sales $ 17,123 $ 15,710
Cost of products sold 12,381 10,557
Gross profit 4,742 5,153
Marketing and administrative expenses 4,046 3,413
Income from operations 696 1,740
Other (expense) income:    
Interest expense - net of interest income (188) (3)
Gain on insurance proceeds received for damage to equipment 0 34
Gain on sale of property, plant and equipment 0 2
Other - net (2) 127
Income before income tax expense 506 1,900
Income tax expense 140 466
Net income $ 366 $ 1,434
Weighted average shares outstanding:    
Basic (in shares) 10,154 10,076
Effect of dilutive securities (in shares) 9 24
Diluted (in shares) 10,163 10,100
Earnings per share - basic and diluted (in dollars per share) $ 0.04 $ 0.14