Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income (Unaudited)

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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]        
Net sales $ 25,286 $ 17,198 $ 67,522 $ 68,190
Cost of products sold 21,242 13,456 53,816 51,079
Gross profit 4,044 3,742 13,706 17,111
Other expenses and income:        
Selling, general and administrative 4,441 4,249 12,844 13,518
Selling, general and administrative – amortization   59 11 178
Other expense     523  
Other income (87) (206) (261) (618)
Interest income (318) (404) (1,080) (1,044)
Interest expense 2 5 9 8
Total other expenses and income 4,038 3,703 12,046 12,042
Income before provision for income taxes 6 39 1,660 5,069
(Benefit) provision for income taxes (3) (56) 364 824
Net income $ 9 $ 95 $ 1,296 $ 4,245
Basic:        
Net income   $ 0.01 $ 0.13 $ 0.43
Diluted:        
Net income   $ 0.01 $ 0.13 $ 0.43
Weighted average common shares outstanding:        
Basic 9,884 9,832 9,874 9,817
Diluted 9,888 9,845 9,877 9,832
Dividends declared per share $ 0.11 $ 0.10 $ 0.32 $ 0.29