Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income and Retained Earnings (Unaudited)

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Condensed Consolidated Statements of Income and Retained Earnings (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]    
Net sales $ 20,851 $ 22,365
Cost of products sold 15,985 18,254
Gross profit 4,866 4,111
Other expenses and income:    
Selling, general and administrative 3,623 3,598
Selling, general and administrative – amortization 58 58
Restructuring charge   555
Interest income (151) (87)
Interest expense 3 2
Total other expenses and income 3,533 4,126
Income before provision for income taxes 1,333 (15)
Provision for income taxes 398 (100)
Net income 935 85
Retained earnings at beginning of period 110,544 109,013
Dividends (879) (866)
Retained earnings at end of period $ 110,600 $ 108,232
Basic:    
Net income $ 0.10 $ 0.01
Diluted:    
Net income $ 0.10 $ 0.01
Weighted average common shares outstanding:    
Basic 9,748 9,675
Diluted 9,758 9,680
Dividends declared per share $ 0.09 $ 0.09