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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2012
Net sales $ 85,933 $ 79,956 $ 84,942
Cost of sales 54,802 47,143 49,728
Gross profit 31,131 32,813 35,214
Selling, general and administrative expenses 13,880 15,246 15,661
Engineering expense 8,162 9,377 12,531
Operating income 9,089 8,190 7,022
Interest expense 49 227 396
Other expense – net 89 93 109
Income before income taxes 8,951 7,870 6,517
Income tax provision 3,310 3,794 2,741
Net income $ 5,641 $ 4,076 $ 3,776
Earnings per common share:      
Basic net income per share: $ 0.58 $ 0.43 $ 0.40
Diluted net income per share: $ 0.58 $ 0.43 $ 0.39
Weighted-average basic shares outstanding 9,643,000 9,511,000 9,473,000
Weighted-average diluted shares outstanding 9,757,000 9,573,000 9,593,000