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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Net sales $ 22,628 $ 20,170 $ 57,660 $ 58,004
Cost of sales 14,189 11,540 37,003 34,034
Gross profit 8,439 8,630 20,657 23,970
Selling, general, and administrative expenses 3,198 3,910 9,739 10,945
Engineering expense 2,516 1,733 6,245 7,713
Operating income 2,725 2,987 4,673 5,312
Interest expense 8 17 41 209
Other expense – net 23 22 74 68
Income before incomes taxes 2,694 2,948 4,558 5,035
Income tax provision 1,024 1,239 1,732 2,115
Net income $ 1,670 $ 1,709 $ 2,826 $ 2,920
Earnings per common share:        
Basic net income per share $ 0.17 $ 0.18 $ 0.29 $ 0.31
Diluted net income per share $ 0.17 $ 0.18 $ 0.29 $ 0.31
Weighted-average basic shares outstanding 9,667,000 9,518,000 9,625,000 9,503,000
Weighted-average diluted shares outstanding 9,797,000 9,592,000 9,733,000 9,563,000