Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.22.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]        
Net sales $ 28,774 $ 27,154 $ 83,077 $ 71,818
Cost of products sold 28,213 20,927 78,159 56,330
Gross profit 561 6,227 4,918 15,488
Other expenses and income:        
Selling, general and administrative 4,729 4,936 14,534 13,091
Selling, general and administrative – amortization 274   639  
Other operating income, net 140   (962)  
Operating (loss) income (4,582) 1,291 (9,293) 2,397
Other income (111) (55) (416) (164)
Interest income (12) (23) (43) (143)
Interest expense 132 1 300 9
(Loss) income before benefit provision for income taxes (4,591) 1,368 (9,134) 2,695
(Benefit) provision for income taxes (861) 308 (1,786) 709
Net (loss) income $ (3,730) $ 1,060 $ (7,348) $ 1,986
Basic:        
Net (loss) income $ (0.35) $ 0.11 $ (0.70) $ 0.20
Diluted:        
Net (loss) income $ (0.35) $ 0.11 $ (0.70) $ 0.20
Weighted average common shares outstanding:        
Basic 10,638 9,977 10,507 9,950
Diluted 10,638 9,977 10,507 9,950
Dividends declared per share $ 0.11 $ 0.11 $ 0.33 $ 0.33