Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Income

v3.3.0.814
Unaudited Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Sep. 27, 2015
Sep. 28, 2014
Sep. 27, 2015
Sep. 28, 2014
Net sales $ 20,716 $ 20,441 $ 38,574 $ 36,145
Cost of products sold 15,010 14,595 28,087 26,017
Gross profit 5,706 5,846 10,487 10,128
Legal expense 38 1,109 72 1,301
Other marketing and administrative expenses 3,070 3,398 6,297 6,368
Income from operations 2,598 1,339 4,118 2,459
Other income (expense):        
Interest expense (31) (9) (39) (17)
Interest income 15 $ 6 30 $ 16
Gain on sale of property, plant and equipment 15 15
Foreign exchange loss (10) $ (14) (9) $ (12)
Other - net (1) (1) 3 2
Income before income tax expense 2,586 1,321 4,118 2,448
Income tax expense 1,021 491 1,626 915
Net income $ 1,565 $ 830 $ 2,492 $ 1,533
Weighted average shares outstanding:        
Basic (in shares) 10,017 10,064 10,038 10,025
Effect of dilutive securities (in shares) 45 37 45 41
Diluted (in shares) 10,062 10,101 10,083 10,066
Earnings per share:        
Basic (in dollars per share) $ 0.16 $ 0.08 $ 0.25 $ 0.15
Diluted (in dollars per share) 0.16 0.08 0.25 0.15
Cash dividends declared per share (in dollars per share) $ 0.08 $ 0.08 $ 0.16 $ 0.16