| Summary of Company's Unaudited Quarterly Results |
A capsule summary of the Company's unaudited quarterly results for fiscal 2020 and fiscal 2019 is presented below:
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First
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Second
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Third
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Fourth
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Total
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Year ended March 31, 2020
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Quarter
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Quarter
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Quarter
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Quarter
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Year
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Net sales
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$
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20,593
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$
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21,643
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$
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25,286
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$
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23,082
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$
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90,604
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Gross profit
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4,714
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4,948
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4,044
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4,442
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18,148
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Net income
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82
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1,205
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9
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576
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1,872
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Per share:
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Net income:
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Basic
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$
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.01
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$
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.12
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$
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—
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$
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.06
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$
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0.19
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Diluted
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$
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.01
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$
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.12
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$
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—
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$
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.06
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$
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0.19
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Market price range of common stock
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$18.96-22.84
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$17.70-23.25
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$19.03-23.77
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$11.07-21.90
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$11.07-23.77
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First
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Second
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Third
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Fourth
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Total
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Year ended March 31, 2019
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Quarter
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Quarter
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Quarter
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Quarter
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Year
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Net sales
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$
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29,551
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$
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21,441
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$
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17,198
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$
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23,641
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$
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91,831
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Gross profit
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7,142
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6,227
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3,742
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4,798
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21,909
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Net (loss) income
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2,323
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1,827
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95
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(4,553
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)
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(1)
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(308
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)
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Per share:
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Net (loss) income:
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Basic
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$
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.24
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$
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.19
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$
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.01
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$
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(0.46
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)
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$
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(0.03
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)
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Diluted
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$
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.24
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$
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.19
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$
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.01
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$
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(0.46
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)
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$
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(0.03
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)
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Market price range of common stock
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$20.75-27.51
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$22.55-28.98
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$19.48-28.73
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$19.00-24.90
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$19.00-28.98
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(1) In the fourth quarter of fiscal 2019, the Company recorded goodwill and other impairment losses of $6,449 related to the commercial nuclear utility business that was held for sale at March 31, 2019. As a result, net income in the fourth quarter of fiscal 2019 includes the impairment loss net of an income tax benefit of $1,129.
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