Results of Operations

The following table sets forth certain statements of operations data expressed as a percentage of net sales for the periods indicated:

	Fiscal Years Ended April
	2008				2007				2006
Net sales		100.0	%		100.0	%		100.0	%
Cost of products sold		84.9			86.2			82.5
Gross profit		15.1			13.8			17.5
Operating expenses		15.8			16.2			15.7
Other operating expenses, net		(1.8	)		0.7			0.3
Operating income (loss)		1.1			(3.0	)		1.5
Other income (expense) Investment income		0.3			0.3			0.2
Interest expense		(1.4	)		(1.3	)		(1.3	)
Other, net		—			1.0			—
Income (loss) from continuing operations before       income taxes		—			(3.1	)		(0.5	)
Benefit (provision) for income taxes		0.2			(1.0	)		(0.5	)
Income (loss) from continuing operations		0.2			(4.1	)		—
Loss from discontinued operations		(0.2	)		(0,6	)		(1.2	)
Net loss		(0.1	)%		(4.7	)%		(1.2	)%