Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Retained Earnings (Unaudited)

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Condensed Consolidated Statements of Operations and Retained Earnings (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Condensed Consolidated Statements of Operations and Retained Earnings [Abstract]        
Net sales $ 25,633 $ 24,329 $ 74,068 $ 82,936
Cost of products sold 18,505 17,856 52,791 55,357
Cost of goods sold - amortization   11   120
Total cost of goods sold 18,505 17,867 52,791 55,477
Gross profit 7,128 6,462 21,277 27,459
Other expenses and income:        
Selling, general and administrative 3,131 3,764 11,538 11,754
Selling, general and administrative - amortization 57 56 170 163
Interest income (13) (12) (38) (48)
Interest expense 19 55 (271) 260
Total other expenses and income 3,194 3,863 11,399 12,129
Income before provision for income taxes 3,934 2,599 9,878 15,330
Provision for income taxes 887 959 2,826 5,206
Net income 3,047 1,640 7,052 10,124
Retained earnings at beginning of period 77,989 72,711 74,383 64,623
Dividends (200) (198) (599) (594)
Retained earnings at end of period $ 80,836 $ 74,153 $ 80,836 $ 74,153
Basic:        
Net income $ 0.30 $ 0.16 $ 0.70 $ 1.02
Diluted:        
Net income $ 0.30 $ 0.16 $ 0.70 $ 1.01
Weighted average common shares outstanding:        
Basic: 10,034 9,955 10,023 9,954
Diluted: 10,057 9,991 10,046 9,991
Dividends declared per share $ 0.02 $ 0.02 $ 0.06 $ 0.06