Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income (Unaudited)

v3.19.3
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Net sales $ 21,643 $ 21,441 $ 42,236 $ 50,992
Cost of products sold 16,695 15,214 32,574 37,623
Gross profit 4,948 6,227 9,662 13,369
Other expenses and income:        
Selling, general and administrative 3,847 4,718 8,403 9,269
Selling, general and administrative – amortization   60 11 119
Other expense     523  
Other income (87) (206) (174) (412)
Interest income (363) (351) (762) (640)
Interest expense 4 1 7 3
Total other expenses and income 3,401 4,222 8,008 8,339
Income before provision for income taxes 1,547 2,005 1,654 5,030
Provision for income taxes 342 178 367 880
Net income $ 1,205 $ 1,827 $ 1,287 $ 4,150
Basic:        
Net income $ 0.12 $ 0.19 $ 0.13 $ 0.42
Diluted:        
Net income $ 0.12 $ 0.19 $ 0.13 $ 0.42
Weighted average common shares outstanding:        
Basic 9,883 9,832 9,869 9,810
Diluted 9,885 9,848 9,872 9,826
Dividends declared per share $ 0.11 $ 0.10 $ 0.21 $ 0.19