v3.24.0.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]        
Sales $ 136,427 $ 122,110 $ 366,975 $ 318,109
Cost of sales 79,017 71,660 207,798 184,508
Gross profit 57,410 50,450 159,177 133,601
Operating expenses:        
Selling, general and administrative expenses 31,853 30,889 90,997 83,046
Deferred compensation plan expense/(income) 651 464 677 (499)
Amortization of intangible assets 2,121 2,367 6,735 7,072
Restructuring and other charges 1,336 2,668 2,221 2,668
Income from operations 21,449 14,062 58,547 41,314
Other income/(expenses):        
Interest expense, net (1,754) (1,877) (5,263) (4,120)
Other income/(expense) 653 659 727 (592)
Income before provision for income taxes 20,348 12,844 54,011 36,602
Income tax expense 4,511 4,419 12,506 10,637
Net income 15,837 8,425 41,505 25,965
Comprehensive income:        
Net income 15,837 8,425 41,505 25,965
Foreign currency translation adjustment 8,072 5,403 4,684 (17,560)
Other miscellaneous income (69) (75) (5) 43
Comprehensive income $ 23,840 $ 13,753 $ 46,184 $ 8,448
Net income per common share:        
Basic (in dollars per share) $ 0.47 $ 0.25 $ 1.22 $ 0.78
Diluted (in dollars per share) $ 0.46 $ 0.25 $ 1.21 $ 0.77
Weighted-average shares used in computing net income per common share:        
Basic (in shares) 33,703,845 33,493,540 33,946,201 33,457,048
Diluted (in shares) 34,201,525 33,879,733 34,324,573 33,756,218

Source