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Selected Quarterly Financial Data (Tables)
 12 Months Ended
Mar. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data
The following table provides the quarterly financial data for fiscal 2014, and includes the effect of the aforementioned revisions (see Note 2) to the Company's Consolidated Statements of Income and certain other immaterial corrections for the fiscal quarters presented:
 
Fiscal 2014 Quarters
 
First
 
Second
 
Third
 
Reported
 
Correction
 
Revised
 
Reported
 
Correction
 
Revised
 
Reported
 
Correction
 
Revised
Net Sales
$
39,040

 
$
278

 
$
39,318

 
$
58,650

 
$
(340
)
 
$
58,310

 
$
46,177

 
$
242

 
$
46,419

Cost of sales
24,278

 
—

 
24,278

 
36,749

 
183

 
36,932

 
27,951

 
277

 
28,228

Gross profit
14,762

 
278

 
15,040

 
21,901

 
(523
)
 
21,378

 
18,226

 
(35
)
 
18,191

Selling, general and administrative expenses
11,327

 
37

 
11,364

 
12,538

 
37

 
12,575

 
13,421

 
—

 
13,421

Income from operations
3,435

 
241

 
3,676

 
9,363

 
(560
)
 
8,803

 
4,805

 
(35
)
 
4,770

Interest expense
(71
)
 
—

 
(71
)
 
(104
)
 
—

 
(104
)
 
(80
)
 
—

 
(80
)
Other income (expense), net
26

 
—

 
26

 
32

 
—

 
32

 
30

 
—

 
30

Income before provision for income taxes
3,390

 
241

 
3,631

 
9,291

 
(560
)
 
8,731

 
4,755

 
(35
)
 
4,720

Provision for income taxes
1,361

 
98

 
1,459

 
3,739

 
(228
)
 
3,511

 
1,966

 
(15
)
 
1,951

Net income
$
2,029

 
$
143

 
$
2,172

 
$
5,552

 
$
(332
)
 
$
5,220

 
$
2,789

 
$
(20
)
 
$
2,769

Earnings per share
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
—Basic
$
0.12

 
$
0.01

 
$
0.13

 
$
0.33

 
$
(0.02
)
 
$
0.31

 
$
0.16

 
$
—

 
$
0.16

—Diluted
$
0.12

 
$
0.01

 
$
0.13

 
$
0.32

 
$
(0.02
)
 
$
0.30

 
$
0.16

 
$
—

 
$
0.16

Weighted average shares of common stock outstanding used in computing earnings per share
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
—Basic
16,869,557

 
16,869,557

 
16,869,557

 
16,896,227

 
16,896,227

 
16,896,227

 
16,937,139

 
16,937,139

 
16,937,139

—Diluted
17,353,222

 
17,353,222

 
17,353,222

 
17,392,447

 
17,392,447

 
17,392,447

 
17,398,006

 
17,398,006

 
17,398,006

The following table provides the quarterly financial data for fiscal 2013 and includes the effect of the aforementioned revisions (see Note 2) to the Company's Consolidated Statements of Income for the fiscal quarters presented:
 
Fiscal 2013
 
First
 
Second
 
Third
 
Fourth
 
Reported
 
Correction
 
Revised
 
Reported
 
Correction
 
Revised
 
Reported
 
Correction
 
Revised
 
Reported
 
Correction
 
Revised
Net Sales
$
34,293

 
$
117

 
$
34,410

 
$
46,686

 
$
(35
)
 
$
46,651

 
$
36,283

 
$
36

 
$
36,319

 
$
52,715

 
$
(623
)
 
$
52,092

Cost of sales
20,486

 
—

 
20,486

 
28,786

 
—

 
28,786

 
23,267

 
—

 
23,267

 
32,027

 
—

 
32,027

Gross profit
13,807

 
117


13,924


17,900


(35
)

17,865


13,016


36


13,052


20,688


(623
)

20,065

Selling, general and administrative expenses
10,211

 
—

 
10,211

 
11,539

 
—

 
11,539

 
10,687

 
—

 
10,687

 
13,024

 
—

 
13,024

Income from operations
3,596

 
117


3,713


6,361


(35
)

6,326


2,329


36


2,365


7,664


(623
)

7,041

Interest expense
(40
)
 
—

 
(40
)
 
(40
)
 
—

 
(40
)
 
(40
)
 
—

 
(40
)
 
(48
)
 
—

 
(48
)
Other income (expense), net
49

 
—

 
49

 
36

 
—

 
36

 
31

 
—

 
31

 
(29
)
 
—

 
(29
)
Income before provision for income taxes
3,605

 
117


3,722


6,357


(35
)

6,322


2,320


36


2,356


7,587


(623
)

6,964

Provision for income taxes
1,474

 
47

 
1,521

 
2,572

 
(14
)
 
2,558

 
919

 
15

 
934

 
3,353

 
(254
)
 
3,099

Net income
$
2,131

 
$
70


$
2,201


$
3,785


$
(21
)

$
3,764


$
1,401


$
21


$
1,422


$
4,234


$
(369
)

$
3,865

Earnings per share
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
—Basic
$
0.13

 
$
—


$
0.13


$
0.22


$
—


$
0.22


$
0.08


$
—


$
0.08


$
0.25


$
(0.02
)

$
0.22

—Diluted
$
0.12

 
$
—


$
0.12


$
0.21


$
—


$
0.21


$
0.08


$
—


$
0.08


$
0.24


$
(0.02
)

$
0.22

Weighted average shares of common stock outstanding
used in computing earnings per share
 
 
 
 
`
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
—Basic
16,936,007

 
16,936,007

 
16,936,007

 
17,070,327

 
17,070,327

 
17,070,327

 
17,249,536

 
17,249,536

 
17,249,536

 
17,262,253

 
17,262,253

 
17,262,253

—Diluted
17,600,908

 
17,600,908

 
17,600,908

 
17,702,516

 
17,702,516

 
17,702,516

 
17,781,720

 
17,781,720

 
17,781,720

 
17,724,131

 
17,724,131

 
17,724,131





The following table provides the selected quarterly financial data for fiscal 2014 and 2013:
 
Fiscal Year 2014
 
Fiscal Year 2013
 
Mar. 31,
 
Dec. 31,
 
Sept. 30
 
June 30,
 
Mar. 31,
 
Dec. 31,
 
Sept. 30
 
June 30,
 
2014
 
2013
 
2013
 
2013
 
2013
 
2012
 
2012
 
2012
 
(in thousands, except for share and per share amounts)
Net Sales
$
60,057

 
$
46,419

 
$
58,310

 
$
39,318

 
$
52,092

 
$
36,319

 
$
46,651

 
$
34,410

Cost of sales
39,037

 
28,228

 
36,932

 
24,278

 
32,027

 
23,267

 
28,786

 
20,486

Gross profit
21,020

 
18,191

 
21,378

 
15,040

 
20,065

 
13,052

 
17,865

 
13,924

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income before provision for income taxes
8,744

 
4,720

 
8,731

 
3,631

 
6,964

 
2,356

 
6,322

 
3,722

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
$
5,128

 
$
2,769

 
$
5,220

 
$
2,172

 
$
3,865

 
$
1,422

 
$
3,764

 
$
2,201

Earnings per share
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
          —Basic
$
0.30

 
$
0.16

 
$
0.31

 
$
0.13

 
$
0.22

 
$
0.08

 
$
0.22

 
$
0.13

          —Diluted
$
0.29

 
$
0.16

 
$
0.30

 
$
0.13

 
$
0.22

 
$
0.08

 
$
0.21

 
$
0.12

Weighted average shares of common stock outstanding used in computing earnings per share
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
          —Basic
17,005,472

 
16,937,139

 
16,896,227

 
16,869,557

 
17,262,253

 
17,249,536

 
17,070,327

 
16,936,007

          —Diluted
17,425,573

 
17,398,006

 
17,392,447

 
17,353,222

 
17,724,131

 
17,781,720

 
17,702,516

 
17,600,908