| Summary of Company's Unaudited Quarterly Results |
A capsule summary of the Company’s unaudited quarterly
results for fiscal 2015 and fiscal 2014 is presented
below:
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Year ended
March 31, 2015
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First
Quarter
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Second
Quarter |
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Third
Quarter
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Fourth
Quarter |
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Total
Year
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Net sales
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$ |
28,502 |
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$ |
35,566 |
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$ |
33,646 |
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$ |
37,455 |
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$ |
135,169 |
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Gross profit
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7,932 |
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10,984 |
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10,103 |
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12,785 |
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41,804 |
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Net income
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2,392 |
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4,186 |
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3,992 |
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4,165 |
(1) |
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14,735 |
(1) |
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Per share:
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Net income:
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Basic
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$ |
.24 |
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$ |
.41 |
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$ |
.39 |
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$ |
.41 |
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$ |
1.46 |
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Diluted
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$ |
.24 |
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$ |
.41 |
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$ |
.39 |
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$ |
.41 |
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$ |
1.45 |
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Market price range of
common stock
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$ |
26.20-34.88 |
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$ |
27.99-35.35 |
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$ |
26.06-34.65 |
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$ |
20.58-28.86 |
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$ |
20.58-35.35 |
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Year ended
March 31, 2014
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First
Quarter
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Second
Quarter |
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Third
Quarter
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Fourth
Quarter |
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Total
Year
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Net sales
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$ |
28,256 |
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$ |
24,490 |
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$ |
23,385 |
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$ |
26,087 |
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$ |
102,218 |
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Gross profit
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10,015 |
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8,289 |
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6,090 |
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7,418 |
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31,812 |
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Net income
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3,808 |
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2,589 |
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1,431 |
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2,317 |
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10,145 |
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Per share:
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Net income:
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Basic
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$ |
.38 |
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$ |
.26 |
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$ |
.14 |
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$ |
.23 |
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$ |
1.01 |
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Diluted
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$ |
.38 |
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$ |
.26 |
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$ |
.14 |
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$ |
.23 |
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$ |
1.00 |
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Market price range of
common stock
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$ |
22.36-31.41 |
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$ |
30.26-38.96 |
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$ |
32.95-41.94 |
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$ |
30.23-37.23 |
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$ |
22.36-41.94 |
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| (1) |
In the fourth quarter of fiscal 2015, the Company recognized a
$1,718 restructuring charge. As a result, net income includes the
restructuring charge, net of tax, of $1,164.
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