| | | Consolidated Income Statements | | ||||||||||||||||
| | | Three months ended | | Year ended | | ||||||||||||||
| | | September 30, 2012 | | September 30, 2012 | | ||||||||||||||
| | | As reported | | Adjustment | | Restated | | As reported | | Adjustment | | Restated | | ||||||
| | | (in thousands) | | ||||||||||||||||
| | | | | | | | | | | | | | | | | | | | |
| Net sales | | $ | 37,062 | | $ | - | | $ | 37,062 | | $ | 144,963 | | $ | - | | $ | 144,963 | |
| Cost of sales | | | 30,263 | | | 625 | | | 30,888 | | | 117,007 | | | 1,650 | | | 118,657 | |
| Gross profit | | | 6,799 | | | (625) | | | 6,174 | | | 27,956 | | | (1,650) | | | 26,306 | |
| Selling and administrative expenses | | | 3,579 | | | - | | | 3,579 | | | 15,765 | | | - | | | 15,765 | |
| Operating profit | | | 3,220 | | | (625) | | | 2,595 | | | 12,191 | | | (1,650) | | | 10,541 | |
| | | | | | | | | | | | | | | | | | | | |
| Interest and financing expense | | | 297 | | | - | | | 297 | | | 1,227 | | | - | | | 1,227 | |
| Other (income)/expense | | | 1 | | | - | | | 1 | | | (1,050) | | | - | | | (1,050) | |
| Income before provision for income taxes | | | 2,922 | | | (625) | | | 2,297 | | | 12,014 | | | (1,650) | | | 10,364 | |
| | | | | | | | | | | | | | | | | | | | |
| Provision for income taxes | | | 921 | | | (210) | | | 711 | | | 4,254 | | | (584) | | | 3,670 | |
| Net income | | $ | 2,001 | | $ | (415) | | $ | 1,586 | | $ | 7,760 | | $ | (1,066) | | $ | 6,694 | |
| | | | | | | | | | | | | | | | | | | | |
| Net income per common and common equivalent share: | | | | | | | | | | | | | | | | | | | |
| Basic | | $ | 0.21 | | $ | (0.05) | | $ | 0.16 | | $ | 0.80 | | $ | (0.11) | | $ | 0.69 | |
| Diluted | | | 0.20 | | | (0.04) | | | 0.16 | | | 0.78 | | | (0.11) | | | 0.67 | |
| Weighted average number of common and common equivalent shares outstanding: | | | | | | | | | | | | | | | | | | | |
| Basic | | | 9,660,253 | | | | | | 9,660,253 | | | 9,663,865 | | | | | | 9,663,865 | |
| Diluted | | | 9,982,368 | | | | | | 9,982,368 | | | 9,969,071 | | | | | | 9,969,071 | |