Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Retained Earnings

v2.4.0.8
Condensed Consolidated Statements of Operations and Retained Earnings (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Income Statement [Abstract]        
Net sales $ 23,385 $ 25,633 $ 76,131 $ 74,068
Cost of products sold 17,295 18,505 51,737 52,791
Gross profit 6,090 7,128 24,394 21,277
Other expenses and income:        
Selling, general and administrative 4,047 3,131 12,786 11,538
Selling, general and administrative - amortization 55 57 168 170
Interest income (10) (13) (31) (38)
Interest expense (11) 19 (2) (271)
Total other expenses and income 4,081 3,194 12,921 11,399
Income before provision for income taxes 2,009 3,934 11,473 9,878
Provision for income taxes 578 887 3,645 2,826
Net income 1,431 3,047 7,828 7,052
Retained earnings at beginning of period 90,426 77,989 84,632 74,383
Dividends (302) (200) (905) (599)
Retained earnings at end of period $ 91,555 $ 80,836 $ 91,555 $ 80,836
Basic:        
Net income $ 0.14 $ 0.30 $ 0.78 $ 0.70
Diluted:        
Net income $ 0.14 $ 0.30 $ 0.78 $ 0.70
Weighted average common shares outstanding:        
Basic: 10,070 10,034 10,063 10,023
Diluted: 10,107 10,057 10,099 10,046
Dividends declared per share $ 0.03 $ 0.02 $ 0.09 $ 0.06