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Selected Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Mar. 31, 2013
Selected Quarterly Financial Data (Unaudited)  
Schedule of quarterly financial information (unaudited)

Selected Quarterly Financial Data (Unaudited)

 

 

 

First
Quarter(1)

 

Second
Quarter(1)

 

Third
Quarter(1)

 

Fourth
Quarter

(1)(2)

 

Year

 

 

 

(in thousands, except per share data)

 

2013

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

6,506

 

$

6,936

 

$

7,242

 

$

6,897

 

$

27,581

 

Gross profit

 

2,574

 

2,812

 

2,865

 

2,707

 

10,958

 

Net income

 

493

 

476

 

607

 

2,633

 

4,209

 

Net income per share—

 

 

 

 

 

 

 

 

 

 

 

Basic

 

0.09

 

0.09

 

0.11

 

0.48

 

0.77

 

Diluted

 

0.08

 

0.08

 

0.11

 

0.47

 

0.74

 

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

5,950

 

$

5,989

 

$

6,706

 

$

5,986

 

$

24,631

 

Gross profit

 

2,104

 

2,790

 

2,827

 

2,053

 

9,774

 

Net income

 

486

 

875

 

1,113

 

1,158

 

3,632

 

Net income per share—

 

 

 

 

 

 

 

 

 

 

 

Basic

 

0.09

 

0.16

 

0.21

 

0.21

 

0.67

 

Diluted

 

0.09

 

0.16

 

0.20

 

0.20

 

0.66

 

 

 

(1)                                 The first, second, third and fourth quarters of 2013 include abnormal production costs of $233,000, $481,000, $161,000 and $282,000, respectively.  The first, second, third and fourth quarters of 2012 include abnormal costs of $198,000, $218,000, $236,000 and $575,000, respectively.

 

(2)                                 The fourth quarter of 2013 and 2012 includes the tax benefit of $1,912,000 and $892,000, respectively, due to reduction in valuation allowance of deferred tax assets.