Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Retained Earnings (Unaudited)

v2.4.1.9
Condensed Consolidated Statements of Operations and Retained Earnings (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
Income Statement [Abstract]        
Net sales $ 33,646us-gaap_SalesRevenueNet $ 23,385us-gaap_SalesRevenueNet $ 97,714us-gaap_SalesRevenueNet $ 76,131us-gaap_SalesRevenueNet
Cost of products sold 23,543us-gaap_CostOfGoodsSold 17,295us-gaap_CostOfGoodsSold 68,695us-gaap_CostOfGoodsSold 51,737us-gaap_CostOfGoodsSold
Gross profit 10,103us-gaap_GrossProfit 6,090us-gaap_GrossProfit 29,019us-gaap_GrossProfit 24,394us-gaap_GrossProfit
Other expenses and income:        
Selling, general and administrative 4,424us-gaap_SellingGeneralAndAdministrativeExpense 4,047us-gaap_SellingGeneralAndAdministrativeExpense 13,413us-gaap_SellingGeneralAndAdministrativeExpense 12,786us-gaap_SellingGeneralAndAdministrativeExpense
Selling, general and administrative - amortization 59us-gaap_AmortizationOfIntangibleAssets 55us-gaap_AmortizationOfIntangibleAssets 171us-gaap_AmortizationOfIntangibleAssets 168us-gaap_AmortizationOfIntangibleAssets
Interest income (50)us-gaap_InvestmentIncomeInterest (10)us-gaap_InvestmentIncomeInterest (139)us-gaap_InvestmentIncomeInterest (31)us-gaap_InvestmentIncomeInterest
Interest expense 2us-gaap_InterestIncomeExpenseNonoperatingNet (11)us-gaap_InterestIncomeExpenseNonoperatingNet 8us-gaap_InterestIncomeExpenseNonoperatingNet (2)us-gaap_InterestIncomeExpenseNonoperatingNet
Total other expenses and income 4,435ghm_OtherExpensesAndIncome 4,081ghm_OtherExpensesAndIncome 13,453ghm_OtherExpensesAndIncome 12,921ghm_OtherExpensesAndIncome
Income before provision for income taxes 5,668us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 2,009us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 15,566us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 11,473us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Provision for income taxes 1,676us-gaap_IncomeTaxExpenseBenefit 578us-gaap_IncomeTaxExpenseBenefit 4,996us-gaap_IncomeTaxExpenseBenefit 3,645us-gaap_IncomeTaxExpenseBenefit
Net income 3,992us-gaap_NetIncomeLoss 1,431us-gaap_NetIncomeLoss 10,570us-gaap_NetIncomeLoss 7,828us-gaap_NetIncomeLoss
Retained earnings at beginning of period 99,237us-gaap_RetainedEarningsAccumulatedDeficit 90,426us-gaap_RetainedEarningsAccumulatedDeficit 93,469us-gaap_RetainedEarningsAccumulatedDeficit 84,632us-gaap_RetainedEarningsAccumulatedDeficit
Dividends (405)us-gaap_DividendsCommonStockCash (302)us-gaap_DividendsCommonStockCash (1,215)us-gaap_DividendsCommonStockCash (905)us-gaap_DividendsCommonStockCash
Retained earnings at end of period $ 102,824us-gaap_RetainedEarningsAccumulatedDeficit $ 91,555us-gaap_RetainedEarningsAccumulatedDeficit $ 102,824us-gaap_RetainedEarningsAccumulatedDeficit $ 91,555us-gaap_RetainedEarningsAccumulatedDeficit
Basic:        
Net income $ 0.39us-gaap_EarningsPerShareBasic $ 0.14us-gaap_EarningsPerShareBasic $ 1.04us-gaap_EarningsPerShareBasic $ 0.78us-gaap_EarningsPerShareBasic
Diluted:        
Net income $ 0.39us-gaap_EarningsPerShareDiluted $ 0.14us-gaap_EarningsPerShareDiluted $ 1.04us-gaap_EarningsPerShareDiluted $ 0.78us-gaap_EarningsPerShareDiluted
Weighted average common shares outstanding:        
Basic: 10,127us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 10,070us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 10,119us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 10,063us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted: 10,149us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 10,107us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 10,142us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 10,099us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Dividends declared per share $ 0.04us-gaap_CommonStockDividendsPerShareDeclared $ 0.03us-gaap_CommonStockDividendsPerShareDeclared $ 0.12us-gaap_CommonStockDividendsPerShareDeclared $ 0.09us-gaap_CommonStockDividendsPerShareDeclared