XML 22 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
Condensed Consolidated Statements of Operations [Abstract]        
Net sales $ 19,599 $ 19,614 $ 55,727 $ 51,260
Cost of sales 11,644 12,339 32,429 31,676
Gross profit 7,955 7,275 23,298 19,584
Selling, general, and administrative expenses 3,883 3,972 11,638 10,563
Engineering expense 2,127 1,462 6,475 4,317
Relocation expense       211
Operating income 1,945 1,841 5,185 4,493
Interest expense 80 167 316 550
Other expense - net 39 31 89 176
Income before incomes taxes 1,826 1,643 4,780 3,767
Income tax provision 767 690 2,008 1,582
Net income $ 1,059 $ 953 $ 2,772 $ 2,185
Earnings per common share:        
Basic net income per share $ 0.11 $ 0.10 $ 0.29 $ 0.23
Diluted net income per share $ 0.11 $ 0.10 $ 0.29 $ 0.23
Weighted-average basic shares outstanding 9,489,000 9,429,000 9,468,000 9,409,000
Weighted-average diluted shares outstanding 9,598,000 9,464,000 9,597,000 9,430,000