I.C. Isaacs & Company, Inc. (Nasdaq: ISAC) today reported net income of $0.1 million, or $0.02 per share diluted, for the first quarter ended March 31, 2000, compared with a net loss of $2.9 million, or ($0.42) per share, for the first quarter of 1999.Net sales for the first quarter of 2000 increased 9.