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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Net sales $ 15,464 $ 23,421 $ 35,032 $ 37,834
Cost of sales 10,051 13,592 22,814 22,494
Gross profit 5,413 9,829 12,218 15,340
Selling, general, and administrative expenses 3,808 3,763 6,541 7,035
Engineering expense 1,910 2,511 3,729 5,980
Operating income (loss) (305) 3,555 1,948 2,325
Interest expense 15 19 33 192
Other expense – net 30 21 51 46
Income (loss) before incomes taxes (350) 3,515 1,864 2,087
Income tax provision (benefit) (133) 1,476 708 876
Net income (loss) $ (217) $ 2,039 $ 1,156 $ 1,211
Earnings (loss) per common share:        
Basic net income (loss) per share $ (0.02) $ 0.21 $ 0.12 $ 0.13
Diluted net income (loss) per share $ (0.02) $ 0.21 $ 0.12 $ 0.13
Weighted-average basic shares outstanding 9,644,000 9,499,000 9,608,000 9,496,000
Weighted-average diluted shares outstanding 9,644,000 9,540,000 9,705,000 9,549,000