Today reported financial
results for its full year and fourth
quarter ended March 31, 2011.
Net income from continuing operations for the fiscal year 2011 was
$15.9 million versus $11.4 million for fiscal year 2010, an increase
of $4.5 million, or 40.0%. Diluted earnings per share for the fiscal
year 2011 were $0.59 as compared to $.42 for fiscal year 2010, an
increase of $0.17 per diluted share, or 40.5%. Net income from
continuing operations for the fourth quarter of fiscal 2011, which
included a one-time $1.8 million gain on a settlement of litigation,
was $2.6 million versus $3.6 million for the fourth quarter of fiscal
2010, a decrease of $1.0 million, or 26.4%. Diluted earnings per
share for the fourth quarter of fiscal 2011 were $0.10 as compared to
$0.13 for the fourth quarter of fiscal 2010, a decrease of $0.03, or
23.1%.