v3.24.1.1.u2
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]      
Net sales $ 185,533 $ 157,118 $ 122,814
Cost of products sold 144,948 131,710 113,685
Gross profit 40,585 25,408 9,129
Operating expenses and income:      
Selling, general and administrative 32,217 23,063 20,386
Selling, general and administrative – amortization 1,366 1,095 913
Other operating expense (income), net 80 0 (827)
Operating income (loss) 6,922 1,250 (11,343)
Other expenses and income:      
Loss on extinguishment of debt 726 0 0
Other expense (income), net 374 (250) (527)
Interest expense, net 248 939 400
Total other expenses and income 1,348 689 (127)
Income (loss) before provision (benefit) for income taxes 5,574 561 (11,216)
Provision (benefit) for income taxes 1,018 194 (2,443)
Net Income (loss) $ 4,556 $ 367 $ (8,773)
Basic:      
Net income (loss) $ 0.42 $ 0.03 $ (0.83)
Diluted:      
Net income (loss) $ 0.42 $ 0.03 $ (0.83)
Average common shares outstanding:      
Basic 10,743 10,614 10,541
Diluted 10,844 10,654 10,541
Dividends declared per share $ 0 $ 0 $ 0.33

Source