| Mar'19 | Apr'18 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 | Mar'11 |
|---|---|---|---|---|---|---|---|---|---|
Operating activities: | |||||||||
Net income | |||||||||
5,019 | 3,021 | 3,021 | 5,572 | 6,829 | 5,718 | 5,771 | 5,111 | 5,039 | 4,306 |
Depreciation of property, plant and equipment | |||||||||
640 | 333 | 333 | 178 | 310 | 314 | 299 | 232 | 267 | 257 |
Amortization of intangibles | |||||||||
840 | 836 | 836 | 754 | 748 | 741 | 758 | 766 | 1,057 | 1,224 |
Impairment charge - assets held for sale | |||||||||
- | - | - | - | - | - | - | - | - | 121 |
Deferred income taxes | |||||||||
8 | 708 | 708 | 697 | 165 | -193 | -743 | 572 | 397 | 169 |
Gain on sale of property, plant and equipment | |||||||||
- | - | - | - | - | - | 2 | -84 | 4 | -2 |
Loss on sale of property, plant and equipment | |||||||||
- | -2 | -2 | -5 | 15 | 0 | - | - | - | - |
Reserve for unrecognized tax liabilities | |||||||||
177 | 329 | 329 | 199 | 211 | 0 | - | - | - | - |
Accretion of interest expense to original issue discount | |||||||||
- | - | - | - | - | - | - | - | 48 | 184 |
Stock-based compensation | |||||||||
377 | 539 | 539 | 604 | 906 | 862 | 604 | 652 | 545 | 732 |
Tax shortfall from stock-based compensation | |||||||||
- | - | 0 | 0 | 5 | 0 | 9 | 93 | 28 | -14 |
Changes in assets and liabilities: | |||||||||
Accounts receivable | |||||||||
-726 | 2,884 | 2,884 | -5,182 | -1,575 | 658 | -12 | 1,401 | 1,670 | -632 |
Inventories | |||||||||
-254 | -297 | -297 | 1,036 | -683 | 1,861 | 2,677 | -909 | -1,721 | -2,807 |
Prepaid expenses | |||||||||
-23 | -655 | -655 | 94 | -217 | 515 | -682 | -354 | 67 | -735 |
Other assets | |||||||||
-23 | -19 | -19 | -54 | 60 | 56 | - | -30 | -36 | -5 |
Accounts payable | |||||||||
402 | -1,702 | -1,702 | 509 | 168 | -594 | -2,310 | 1,284 | 1,330 | -616 |
Accrued liabilities | |||||||||
485 | 300 | 300 | -2,235 | -716 | 1,008 | 1,254 | 623 | -403 | -173 |
Net cash provided by operating activities | |||||||||
8,974 | 2,453 | 2,453 | 10,389 | 11,016 | 4,766 | 3,639 | 9,123 | 8,268 | 2,009 |
Investing activities: | |||||||||
Capital expenditures for property, plant and equipment | |||||||||
751 | 221 | 221 | 191 | 232 | 256 | 147 | 455 | 310 | 177 |
Maturity of temporary investment - restricted | |||||||||
- | - | - | - | - | - | - | - | - | 505 |
Proceeds from sale of property, plant and equipment | |||||||||
- | - | 0 | 0 | 31 | 0 | 2 | 190 | 5 | 2 |
Capital expenditures for purchased intangible assets | |||||||||
- | - | - | - | - | 0 | 16 | 785 | 256 | - |
Payments for acquisitions, net of liabilities assumed | |||||||||
- | 15,245 | 15,245 | 0 | 123 | - | - | - | - | 2,072 |
Capitalized costs of internally developed intangible assets | |||||||||
- | - | - | - | - | - | - | - | - | 28 |
Net cash used in investing activities | |||||||||
-751 | -15,466 | -15,466 | -191 | -324 | -256 | -161 | -1,050 | -561 | -1,770 |
Financing activities: | |||||||||
Repayments under revolving line of credit | |||||||||
63,134 | 15,913 | 15,913 | 0 | 0 | - | - | - | - | - |
Borrowings under revolving line of credit | |||||||||
58,162 | 25,371 | 25,371 | 0 | 0 | - | - | - | - | - |
Payments on long-term debt | |||||||||
- | - | - | - | - | - | - | - | 2,000 | 2,000 |
Repayments under revolving line of credit | |||||||||
- | - | - | - | - | -7,839 | -10,322 | -28,624 | -51,871 | 2,914 |
Borrowings under revolving line of credit | |||||||||
- | - | - | - | - | 7,839 | 10,322 | 28,624 | 47,535 | - |
Purchase of treasury stock | |||||||||
95 | 56 | 56 | 947 | 2,838 | 243 | 457 | 2,299 | 1,033 | 778 |
Issuance of common stock | |||||||||
- | - | 0 | 786 | 846 | 116 | 307 | 1,807 | 904 | 356 |
Excess tax benefit from stock-based compensation | |||||||||
- | - | 0 | 0 | 278 | 69 | 42 | 195 | 19 | 151 |
Payments on capital leases | |||||||||
- | 845 | 845 | 0 | 0 | - | - | - | - | - |
Dividends paid | |||||||||
3,228 | 3,221 | 3,221 | 9,719 | 3,211 | 3,205 | 3,150 | 7,650 | 1,252 | 752 |
Net cash used in financing activities | |||||||||
-8,295 | 5,336 | 5,336 | -9,880 | -4,925 | -3,263 | -3,258 | -7,947 | -7,698 | -109 |
Net decrease in cash and cash equivalents | |||||||||
-72 | -7,677 | -7,677 | 318 | 5,767 | 1,247 | 220 | 126 | 9 | 130 |
Supplemental cash flow information: | |||||||||
Income taxes paid | |||||||||
1,673 | 1,671 | 1,671 | 3,037 | 4,107 | 3,386 | 4,218 | 1,564 | 2,864 | 3,054 |
Interest paid | |||||||||
237 | 67 | 67 | 2 | 56 | 37 | 31 | 19 | 182 | 281 |
Noncash financing activities: | |||||||||
Property, plant and equipment purchased but unpaid | |||||||||
33 | - | - | - | - | - | - | - | - | - |
Adjustment to purchase price of the assets of Neat Solutions, Inc., net of liabilities assumed, from resolution of pre-acquisition contingency | |||||||||
- | - | - | - | - | - | - | - | - | -28 |
Compensation paid as common stock | |||||||||
- | 116 | 116 | 108 | 140 | 354 | - | - | - | - |