Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND RETAINED EARNINGS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND RETAINED EARNINGS (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Income Statement [Abstract]        
Net sales $ 35,566 $ 24,490 $ 64,068 $ 52,746
Cost of products sold 24,582 16,201 45,152 34,442
Gross profit 10,984 8,289 18,916 18,304
Other expenses and income:        
Selling, general and administrative 4,694 4,393 8,989 8,739
Selling, general and administrative - amortization 58 56 112 113
Interest income (43) (10) (89) (21)
Interest expense 3 4 6 9
Total other expenses and income 4,712 4,443 9,018 8,840
Income before provision for income taxes 6,272 3,846 9,898 9,464
Provision for income taxes 2,086 1,257 3,320 3,067
Net income 4,186 2,589 6,578 6,397
Retained earnings at beginning of period 95,456 88,139 93,469 84,632
Dividends (405) (302) (810) (603)
Retained earnings at end of period $ 99,237 $ 90,426 $ 99,237 $ 90,426
Basic:        
Net income $ 0.41 $ 0.26 $ 0.65 $ 0.64
Diluted:        
Net income $ 0.41 $ 0.26 $ 0.65 $ 0.63
Weighted average common shares outstanding:        
Basic: 10,126 10,062 10,116 10,060
Diluted: 10,148 10,104 10,138 10,095
Dividends declared per share $ 0.04 $ 0.03 $ 0.08 $ 0.06