
*(amounts in thousands except per share, ratios & other, stock data)*	fiscal 2018 4th quarter			fiscal 2018 3rd quarter			fiscal 2018 2nd quarter			fiscal 2018 1st quarter			fiscal 2017 4th quarter			fiscal 2017 3rd quarter			fiscal 2017 2nd quarter			fiscal 2017 1st quarter
INCOME STATEMENT DATA
net sales	$	78,184			85,310			80,698			79,533			77,350			76,169			75,343			80,682
cost of sales		63,424			67,707			64,894			63,068			60,194			59,410			58,442			62,263

gross profit		14,760			17,603			15,804			16,465			17,156			16,759			16,901			18,419
selling, general and administrative expenses		8,296			9,959			9,415			9,501			9,986			9,824			9,602			9,746

income from operations		6,464			7,644			6,389			6,964			7,170			6,935			7,299			8,673
interest expense		26			31			37			—			—			—			—			—
interest income		(143	)		(132	)		(128	)		(131	)		(134	)		(124	)		(15	)		(25	)
other expense		115			229			321			353			305			69			155			152

income before income taxes		6,466			7,516			6,159			6,742			6,999			6,990			7,159			8,546
income taxes		(6,217	)		8,208			2,108			1,640			778			643			2,684			3,233
loss from investment in unconsolidated joint venture		17			56			75			118			23			—			—			—

net income (loss)	$	12,666			(748	)		3,976			4,984			6,198			6,347			4,475			5,313

depreciation	$	1,992			1,966			1,905			1,807			1,781			1,793			1,751			1,761

weighted average shares outstanding		12,450			12,436			12,440			12,399			12,340			12,313			12,308			12,286
weighted average shares outstanding, assuming dilution		12,611			12,436			12,580			12,590			12,567			12,544			12,507			12,463

PER SHARE DATA
net income (loss) per share - basic	$	1.02			(0.06	)		0.32			0.40			0.50			0.52			0.36			0.43
net income (loss) per share - diluted		1.00			(0.06	)		0.32			0.40			0.49			0.51			0.36			0.43
dividends per share		0.09			0.09			0.08			0.29			0.08			0.08			0.07			0.28
book value		13.12			12.22			12.31			12.03			12.03			11.56			11.04			10.68

BALANCE SHEET DATA
operating working capital (3)	$	49,939			47,760			46,620			42,608			40,869			40,973			41,810			43,486
property, plant and equipment, net		51,794			51,838			52,530			52,912			51,651			50,333			45,537			41,745
total assets		217,984			216,844			201,043			207,904			205,634			191,056			179,127			183,360
capital expenditures		1,568			1,274			1,529			3,068			3,097			6,590			5,541			3,543
dividends paid		1,121			1,119			995			3,608			988			985			862			3,445
line of credit (1)		—			—			—			5,000			—			—			—			7,000
shareholders’ equity		163,376			152,182			153,080			149,677			148,630			142,314			135,949			131,435
capital employed (2)		114,817			109,165			109,373			108,222			98,429			97,788			94,101			94,599

RATIOS & OTHER DATA
gross profit margin		18.9	%		20.6	%		19.6	%		20.7	%		22.2	%		22.0	%		22.4	%		22.8	%
operating income margin		8.3			9.0			7.9			8.8			9.3			9.1			9.7			10.7
net income margin		16.2			(0.9	)		4.9			6.3			8.0			8.3			5.9			6.6
effective income tax rate		(96.1	)		109.2			34.2			24.3			11.1			9.2			37.5			37.8
Debt-to-total capital employed ratio (1)		0.0			0.0			0.0			4.6			0.0			0.0			0.0			7.4
operating working capital turnover (3)		7.1			7.4			7.4			7.4			7.3			7.0			7.0			7.0
days sales in receivables		30			28			27			25			29			27			23			26
inventory turnover		4.8			5.2			5.2			4.7			5.0			5.2			5.2			5.3

STOCK DATA
stock price
high	$	32.29			34.05			33.25			34.00			34.50			37.80			34.30			30.11
low		27.40			26.15			27.00			30.60			30.25			26.80			26.72			25.57
close		30.10			31.35			31.95			30.65			32.10			33.80			28.15			28.53
daily average trading volume (shares)		18.3			17.4			24.4			27.9			37.7			43.5			45.9			40.9

(1)	Debt represents outstanding borrowings on our lines of credit.

(2)

Capital employed does not include cash and cash equivalents, short-term investments (available-for-sale), short-term investments (held-to-maturity), long-term investments (held-to-maturity), long-term investments (rabbi trust), lines of credit, noncurrent deferred tax assets and liabilities, income taxes receivable and payable, and deferred compensation.

(3)	Operating working capital for this calculation is accounts receivable and inventories, offset by accounts payable-trade, accounts payable - capital expenditures, and deferred revenue.