Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Retained Earnings (Unaudited)

v3.3.0.814
Condensed Consolidated Statements of Operations and Retained Earnings (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income Statement [Abstract]        
Net sales $ 22,798 $ 35,566 $ 50,415 $ 64,068
Cost of products sold 15,663 24,582 35,243 45,152
Gross profit 7,135 10,984 15,172 18,916
Other expenses and income:        
Selling, general and administrative 4,187 4,694 8,767 8,989
Selling, general and administrative - amortization 59 58 117 112
Interest income (53) (43) (105) (89)
Interest expense 1 3 4 6
Total other expenses and income 4,194 4,712 8,783 9,018
Income before provision for income taxes 2,941 6,272 6,389 9,898
Provision for income taxes 965 2,086 2,052 3,320
Net income 1,976 4,186 4,337 6,578
Retained earnings at beginning of period 107,726 95,456 106,178 93,469
Dividends (807) (405) (1,620) (810)
Retained earnings at end of period $ 108,895 $ 99,237 $ 108,895 $ 99,237
Basic:        
Net income $ 0.20 $ 0.41 $ 0.43 $ 0.65
Diluted:        
Net income $ 0.20 $ 0.41 $ 0.43 $ 0.65
Weighted average common shares outstanding:        
Basic 10,078 10,126 10,116 10,116
Diluted 10,083 10,148 10,125 10,138
Dividends declared per share $ 0.08 $ 0.04 $ 0.16 $ 0.08