Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Income/(Loss) (Unaudited)

v3.23.3
Condensed Consolidated Statements of Operations and Comprehensive Income/(Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Sales $ 123,659 $ 100,557 $ 230,548 $ 195,999
Cost of sales 69,201 54,631 128,781 112,848
Gross profit 54,458 45,926 101,767 83,151
Operating expenses:        
Selling, general and administrative expenses 30,490 27,754 59,144 52,157
Deferred compensation plan expense/(income) (247) (303) 26 (963)
Amortization of intangible assets 2,227 2,437 4,614 4,705
Restructuring and other charges/(income) 304 0 885 0
Income from operations 21,684 16,038 37,098 27,252
Other income/(expenses):        
Interest expense, net (1,925) (1,408) (3,509) (2,243)
Other income/(expense) (267) (335) 74 (1,251)
Income before provision for income taxes 19,492 14,295 33,663 23,758
Income tax expense 4,762 3,311 7,995 6,218
Net income 14,730 10,984 25,668 17,540
Comprehensive income/(loss):        
Net income 14,730 10,984 25,668 17,540
Foreign currency translation adjustment (7,845) (17,811) (3,388) (22,963)
Other miscellaneous income 51 116 64 118
Comprehensive income/(loss) $ 6,936 $ (6,711) $ 22,344 $ (5,305)
Net income per common share:        
Basic (in dollars per share) $ 0.44 $ 0.33 $ 0.76 $ 0.52
Diluted (in dollars per share) $ 0.43 $ 0.33 $ 0.75 $ 0.52
Weighted-average shares used in computing net income per common share:        
Basic (in shares) 33,688,514 33,476,695 33,748,425 33,438,657
Diluted (in shares) 34,126,884 33,773,475 34,093,791 33,611,291