| Summary of Company's Unaudited Quarterly Results |
A capsule summary of the Company's unaudited quarterly results for fiscal 2017 and fiscal 2016 is presented below:
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First
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Second
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Third
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Fourth
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Total
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Year ended March 31, 2017
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Quarter
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Quarter
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Quarter
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Quarter
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Year
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Net sales
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$
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22,365
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$
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21,126
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$
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22,654
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$
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25,624
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$
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91,769
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Gross profit
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4,111
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5,010
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6,301
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6,739
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22,161
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Net income
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85
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(1)
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1,297
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(1)
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1,840
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1,801
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5,023
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Per share:
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Net income:
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Basic
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$
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.01
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|
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$
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.13
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$
|
.19
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$
|
.18
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$
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0.52
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Diluted
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$
|
.01
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|
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$
|
.13
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$
|
.19
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$
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.18
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$
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0.52
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Market price range of common stock
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$17.11-19.92
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$17.72-21.09
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$17.19-24.05
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$21.64-24.99
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$17.11-24.99
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First
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Second
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Third
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Fourth
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Total
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Year ended March 31, 2016
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Quarter
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Quarter
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Quarter
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Quarter
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Year
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Net sales
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$
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27,617
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$
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22,798
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$
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17,323
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$
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22,301
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$
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90,039
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Gross profit
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8,037
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7,135
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3,524
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4,559
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23,255
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Net income
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2,361
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1,976
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1,274
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520
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6,131
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(1)
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Per share:
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Net income:
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Basic
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$
|
.23
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|
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$
|
.20
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$
|
.13
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$
|
.05
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|
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$
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0.61
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Diluted
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$
|
.23
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$
|
.20
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$
|
.13
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$
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.05
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$
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0.61
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Market price range of common stock
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$19.82-25.25
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$15.71-20.60
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$15.63-18.88
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$14.39-20.24
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$14.39-25.25
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(1) In the first and second quarters of fiscal 2017, the Company recognized restructuring charges of $555 and $75, respectively. As a result, net income in the first and second quarters includes the restructuring charge net of an income tax benefit of $172 and $17, respectively.
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