| Mar'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 | Mar'11 | Mar'10 |
|---|---|---|---|---|---|---|---|---|---|
Net sales | |||||||||
472,797 | 427,548 | 422,058 | 368,970 | 301,711 | 258,669 | 213,151 | 178,551 | 161,285 | 147,225 |
Cost of goods sold | |||||||||
383,623 | 320,515 | 305,168 | 268,046 | 220,138 | 177,103 | 143,810 | 121,219 | 109,903 | 105,898 |
Gross profit | |||||||||
89,174 | 107,033 | 116,890 | 100,924 | 81,573 | 81,566 | 69,341 | 57,332 | 51,382 | 41,327 |
Operating expenses: | |||||||||
General and administrative | |||||||||
45,972 | 35,477 | 31,125 | 49,665 | 37,863 | 39,684 | 25,807 | 20,621 | 17,033 | 15,389 |
Sales and marketing | |||||||||
19,542 | 15,030 | 12,126 | 9,965 | 7,851 | 7,838 | 7,290 | 7,659 | 6,537 | 6,019 |
Research and development | |||||||||
8,014 | 5,692 | 3,824 | 3,008 | 2,273 | 1,940 | 1,930 | 1,765 | 1,549 | 1,421 |
Impairment of goodwill and intangible assets | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Impairment of plant and equipment | |||||||||
- | - | - | - | - | - | - | - | 0 | 0 |
Acquisition costs | |||||||||
- | - | - | - | - | - | - | 713 | 879 | 191 |
Total operating expenses | |||||||||
73,528 | 56,199 | 47,075 | 62,638 | 47,987 | 49,462 | 35,027 | 30,758 | 25,998 | 23,020 |
Operating income | |||||||||
15,646 | 50,834 | 69,815 | 38,286 | 33,586 | 32,104 | 34,314 | 26,574 | 25,384 | 18,307 |
Gain on acquisition | |||||||||
- | - | - | - | - | - | - | - | - | -1,331 |
The cost of borrowed funds and interest related to the receivables discount programs that have been accounted for as interest expense and charged against earnings during the period. | |||||||||
23,227 | 15,445 | 13,094 | 16,244 | 13,065 | 18,289 | 12,324 | 4,841 | 5,355 | 4,710 |
Income (loss) before income tax expense (benefit) | |||||||||
-7,581 | 35,389 | 56,721 | 22,042 | 20,521 | 13,815 | 21,990 | 21,733 | 20,029 | 14,928 |
Income tax expense (benefit) | |||||||||
268 | 16,125 | 17,986 | 11,479 | 9,068 | 7,333 | 7,432 | 7,385 | 7,809 | 5,282 |
Income from continuing operations | |||||||||
- | - | - | - | - | 6,482 | 14,558 | 14,348 | - | - |
Income from discontinued operations | |||||||||
- | - | - | - | - | 100,877 | -106,069 | -62,862 | - | - |
Net income (loss) | |||||||||
-7,849 | 19,264 | 38,735 | 10,563 | 11,453 | 107,359 | -91,511 | -48,514 | 12,220 | 9,646 |
Basic net income per share from continuing operations (in dollars per share) | |||||||||
- | - | - | - | - | 0.45 | 1.01 | 1.15 | - | - |
Basic net income per share from discontinued operations (in dollars per share) | |||||||||
- | - | - | - | - | 6.89 | -7.40 | -5.05 | - | - |
Basic net income (loss) per share (in dollars per share) | |||||||||
-0.42 | 1.02 | 2.08 | 0.58 | 0.68 | 7.34 | -6.39 | -3.90 | 1.01 | 0.80 |
Diluted net income per share from continuing operations (in dollars per share) | |||||||||
- | - | - | - | - | 0.42 | 1.01 | 1.13 | - | - |
Diluted net income per share from discontinued operation (in dollars per share) | |||||||||
- | - | - | - | - | 6.59 | -7.37 | -4.93 | - | - |
Diluted net income (loss) per share (in dollars per share) | |||||||||
-0.42 | 0.99 | 1.99 | 0.55 | 0.65 | 7.01 | -6.36 | -3.80 | 0.99 | 0.80 |
Weighted average number of shares outstanding: | |||||||||
Basic (in shares) | |||||||||
18,849 | 18,854 | 18,608 | 18,233 | 16,734 | 14,633 | 14,327 | 12,442 | 12,042 | 11,988 |
Diluted (in shares) | |||||||||
18,849 | 19,514 | 19,418 | 19,066 | 17,605 | 15,317 | 14,385 | 12,756 | 12,334 | 12,116 |