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Quarterly Results (unaudited)
12 Months Ended
Mar. 31, 2012
Quarterly Results (unaudited)  
Quarterly Results (unaudited)

14.  Quarterly Results (unaudited)

 

Quarterly financial information for fiscal 2012 and 2011 is summarized as follows (earnings per share per quarter will not add up to reported annual earnings per share due to differences in average outstanding shares as reported on a quarterly basis):

 

(Dollars in thousands, except per

 

First

 

Second

 

Third

 

Fourth

 

share amounts)

 

Quarter

 

Quarter

 

Quarter

 

Quarter

 

2012

 

 

 

 

 

 

 

 

 

Net revenue

 

$

9,297

 

$

9,702

 

$

9,649

 

$

10,968

 

Gross profit

 

5,388

 

5,774

 

5,885

 

6,464

 

Net income

 

1,679

 

2,054

 

1,987

 

2,199

 

Earnings per share — basic

 

$

0.51

 

$

0.63

 

$

0.60

 

$

0.67

 

Earnings per share — diluted

 

0.49

 

0.59

 

0.57

 

0.64

 

 

(Dollars in thousands, except per

 

First

 

Second

 

Third

 

Fourth

 

share amounts)

 

Quarter

 

Quarter

 

Quarter

 

Quarter

 

2011

 

 

 

 

 

 

 

 

 

Net revenue

 

$

7,778

 

$

8,072

 

$

8,000

 

$

10,377

 

Gross profit

 

4,381

 

4,552

 

4,440

 

6,195

 

Net income

 

1,320

 

1,429

 

1,258

 

2,176

 

Earnings per share — basic

 

$

0.41

 

$

0.44

 

$

0.39

 

$

0.67

 

Earnings per share — diluted

 

0.40

 

0.43

 

0.37

 

0.64