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 9 Months Ended
Dec. 31, 2017
Jan. 01, 2017
Dec. 31, 2017
Jan. 01, 2017
Net sales $ 17,476 $ 17,262 $ 47,584 $ 48,670
Cost of products sold 12,207 11,623 33,691 34,435
Gross profit 5,269 5,639 13,893 14,235
Marketing and administrative expenses 3,656 2,576 10,364 8,176
Income from operations 1,613 3,063 3,529 6,059
Other income (expense):        
Interest expense (47) (13) (85) (55)
Interest income 11 40 80 103
Foreign exchange (loss) gain (3) (3) 26
Other - net 1 1 3 3
Income before income tax expense 1,578 3,088 3,524 6,136
Income tax expense 1,047 1,227 1,750 2,173
Net income $ 531 $ 1,861 $ 1,774 $ 3,963
Weighted average shares outstanding:        
Basic (in shares) 10,086 10,031 10,068 10,007
Effect of dilutive securities (in shares) 4 27 7 33
Diluted (in shares) 10,090 10,058 10,075 10,040
Earnings per share:        
Basic (in dollars per share) $ 0.05 $ 0.19 $ 0.18 $ 0.40
Diluted (in dollars per share) 0.05 0.19 0.18 0.39
Cash dividends declared per share (in dollars per share) $ 0.08 $ 0.48 $ 0.24 $ 0.64