Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income (Unaudited)

v3.20.2
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Net sales $ 27,954 $ 21,643 $ 44,664 $ 42,236
Cost of products sold 20,261 16,695 35,403 32,574
Gross profit 7,693 4,948 9,261 9,662
Other expenses and income:        
Selling, general and administrative 4,253 3,847 8,155 8,403
Selling, general and administrative – amortization       11
Other expense       523
Other income (54) (87) (109) (174)
Interest income (26) (363) (120) (762)
Interest expense 3 4 8 7
Total other expenses and income 4,176 3,401 7,934 8,008
Income before provision for income taxes 3,517 1,547 1,327 1,654
Provision for income taxes 773 342 401 367
Net income $ 2,744 $ 1,205 $ 926 $ 1,287
Basic:        
Net income $ 0.27 $ 0.12 $ 0.09 $ 0.13
Diluted:        
Net income $ 0.27 $ 0.12 $ 0.09 $ 0.13
Weighted average common shares outstanding:        
Basic 9,977 9,883 9,936 9,869
Diluted 9,977 9,885 9,936 9,872
Dividends declared per share $ 0.11 $ 0.11 $ 0.22 $ 0.21