Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.21.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Net sales $ 34,146 $ 27,954 $ 54,303 $ 44,664
Cost of products sold 30,703 20,261 49,946 35,403
Gross profit 3,443 7,693 4,357 9,261
Other expenses and income:        
Selling, general and administrative 4,973 4,253 9,805 8,155
Selling, general and administrative – amortization 274   365  
Other operating income, net (1,102)   (1,102)  
Operating (loss) income (702) 3,440 (4,711) 1,106
Other income (145) (54) (305) (109)
Interest income (14) (26) (31) (120)
Interest expense 129 3 168 8
(Loss) income before benefit for income taxes (672) 3,517 (4,543) 1,327
(Benefit) expense for income taxes (180) 773 (925) 401
Net (loss) income $ (492) $ 2,744 $ (3,618) $ 926
Basic:        
Net (loss) income $ (0.05) $ 0.27 $ (0.35) $ 0.09
Diluted:        
Net (loss) income $ (0.05) $ 0.27 $ (0.35) $ 0.09
Weighted average common shares outstanding:        
Basic 10,681 9,977 10,442 9,936
Diluted 10,681 9,977 10,442 9,936
Dividends declared per share $ 0.11 $ 0.11 $ 0.22 $ 0.22