Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income (Unaudited)

v3.20.4
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]        
Net sales $ 27,154 $ 25,286 $ 71,818 $ 67,522
Cost of products sold 20,927 21,242 56,330 53,816
Gross profit 6,227 4,044 15,488 13,706
Other expenses and income:        
Selling, general and administrative 4,936 4,441 13,091 12,844
Selling, general and administrative – amortization       11
Other expense       523
Other income (55) (87) (164) (261)
Interest income (23) (318) (143) (1,080)
Interest expense 1 2 9 9
Total other expenses and income 4,859 4,038 12,793 12,046
Income before provision for income taxes 1,368 6 2,695 1,660
Provision (benefit) for income taxes 308 (3) 709 364
Net income $ 1,060 $ 9 $ 1,986 $ 1,296
Basic:        
Net income $ 0.11   $ 0.20 $ 0.13
Diluted:        
Net income $ 0.11   $ 0.20 $ 0.13
Weighted average common shares outstanding:        
Basic 9,977 9,884 9,950 9,874
Diluted 9,977 9,888 9,950 9,877
Dividends declared per share $ 0.11 $ 0.11 $ 0.33 $ 0.32