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Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Mar. 30, 2014
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (Unaudited)
Selected Quarterly Financial Data (Unaudited)
 
(In thousands, except per share data)
 
Fiscal 2014
 
 
First
 
Second
 
Third
 
Fourth
Sales
 
$
94,744

 
$
86,599

 
$
81,697

 
$
85,223

Gross profit
 
17,231

 
16,570

 
13,550

 
14,249

Selling, general, and administrative expenses
 
8,970

 
8,293

 
8,167

 
8,080

Operating income
 
8,261

 
8,277

 
5,383

 
6,169

Income from continuing operations, net of tax
 
5,112

 
5,207

 
3,480

 
4,295

Income from discontinued operations, net of tax
 

 

 

 

Net income
 
$
5,112

 
$
5,207

 
$
3,480

 
$
4,295

Basic net income per share
 
$
0.49

 
$
0.49

 
$
0.33

 
$
0.41

Diluted net income per share
 
$
0.48

 
$
0.49

 
$
0.33

 
$
0.40

 
 
 
 
 
 
 
 
 
 
 
Fiscal 2013
 
 
First
 
Second
 
Third
 
Fourth
Sales
 
$
90,099

 
$
87,160

 
$
85,527

 
$
87,601

Gross profit
 
15,307

 
19,196

 
8,126

 
14,307

Selling, general, and administrative expenses
 
8,227

 
7,455

 
7,617

 
8,307

Operating income
 
7,080

 
11,741

 
509

 
6,000

Income from continuing operations, net of tax
 
4,365

 
7,230

 
1,348

 
4,165

Income from discontinued operations, net of tax
 
18

 

 

 

Net income
 
$
4,383

 
$
7,230

 
$
1,348

 
$
4,165

Basic net income per share
 
$
0.42

 
$
0.69

 
$
0.13

 
$
0.40

Diluted net income per share
 
$
0.42

 
$
0.69

 
$
0.13

 
$
0.39



In the first quarter of fiscal 2013, we recorded a $3.2 million (pre-tax) charge related to a legal settlement (see Note 9 for further discussion).  In the third quarter of fiscal 2013, we recorded a $7.2 million (pre-tax) charge related to our withdrawal from a multiemployer pension plan (see Note 8 for further discussion).  Both items negatively impacted gross profit.