| Mar'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 | Mar'11 | Mar'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net income (loss) | |||||||||
-53,545 | -36,520 | 28,504 | 17,236 | 16,954 | 18,769 | 15,227 | 15,670 | 5,611 | -23,739 |
Adjustments to reconcile net income (loss) to net cash used for operating activities: | |||||||||
Depreciation and amortization | |||||||||
13,967 | 10,487 | 8,477 | 8,308 | 7,878 | 7,543 | 7,594 | 7,880 | 9,358 | 10,166 |
Amortization of inventory step-up | |||||||||
10,681 | 17,881 | 3,577 | 0 | - | - | - | - | - | - |
Accretion of asset retirement obligation | |||||||||
129 | 51 | 0 | 0 | - | - | - | - | - | - |
Accretion of contingent earn-out consideration | |||||||||
64 | 0 | 0 | - | - | - | - | - | - | - |
Accretion of investment discount | |||||||||
0 | 69 | 196 | 329 | 234 | 0 | 0 | - | - | - |
Change in valuation of contingent earn-out consideration | |||||||||
-298 | 0 | 0 | - | - | - | - | - | - | - |
Gain on sale of discontinued operations | |||||||||
- | - | - | - | - | - | - | 5,849 | 0 | - |
Impairment of goodwill and intangible assets | |||||||||
15,309 | 33,358 | 0 | 0 | - | - | - | - | - | 44,315 |
Impairment of property, plant and equipment | |||||||||
1,408 | 0 | 0 | - | - | - | - | - | - | - |
Impairment of tangible assets | |||||||||
- | - | - | - | - | - | - | - | 313 | - |
Impairment of goodwill | |||||||||
- | - | - | - | - | - | 2,711 | 0 | 0 | - |
Provision for accounts receivable allowances | |||||||||
5,299 | 4,035 | 5,188 | 2,712 | 2,143 | 2,862 | 4,746 | 4,884 | 5,163 | 6,099 |
Deferred tax (benefit) provision | |||||||||
6,736 | -14,125 | -1,608 | 1,868 | 1,666 | - | - | - | - | -10,057 |
Deferred tax provision | |||||||||
- | - | - | - | - | 2,511 | -4,257 | 5,552 | -1,336 | - |
Gain on sale or disposal of assets | |||||||||
- | - | - | - | - | 8 | -155 | 784 | -17 | 20 |
Share-based compensation expense | |||||||||
2,044 | 1,938 | 1,653 | 1,654 | 2,038 | 1,843 | 1,783 | 1,683 | 1,938 | 2,323 |
Business Combination, Bargain Purchase, Gain Recognized, Amount | |||||||||
0 | 0 | 19,990 | 0 | 0 | - | - | - | - | - |
Loss (gain) on sale or disposal of assets | |||||||||
-409 | 12 | -88 | 120 | 16 | - | - | - | - | - |
(Gain) loss on interest rate swap | |||||||||
-580 | 0 | 0 | - | - | - | - | - | - | - |
Changes in assets and liabilities, net of effects of purchase of a business: | |||||||||
Accounts receivable | |||||||||
-4,151 | 6,409 | 6,095 | 4,268 | -1,593 | 3,972 | 2,952 | 7,499 | 3,139 | 7,458 |
Inventories | |||||||||
4,358 | -16,082 | 3,607 | 4,674 | 2,903 | -3,346 | -8,106 | 2,578 | 7,247 | -15,303 |
Prepaid expenses and other assets | |||||||||
3,382 | 273 | -2,506 | 4,627 | -1,248 | - | - | - | - | - |
Other assets | |||||||||
- | - | - | - | - | 1,282 | 704 | -757 | -1,814 | 598 |
Accounts payable | |||||||||
5,694 | -220 | -1,153 | 539 | 2,253 | -2,536 | -4,073 | -7,541 | 8,736 | 2,416 |
Accrued income taxes | |||||||||
- | - | - | - | - | -726 | 1,290 | 47 | -274 | 370 |
Accrued expenses and long-term obligations | |||||||||
-3,888 | 5,164 | -2,473 | -3,176 | 371 | -110 | 1,802 | 1,188 | -2,085 | -590 |
Net cash provided by operating activities-continuing operations | |||||||||
- | - | - | - | - | 28,240 | 31,428 | 13,410 | 18,869 | 38,530 |
Net cash used for operating activities-discontinued operations | |||||||||
- | - | - | - | - | -410 | -1,565 | 12,386 | 11,829 | 9,584 |
Net cash used for operating activities | |||||||||
1,000 | 31,368 | 14,871 | 15,123 | 32,991 | 27,830 | 29,863 | 25,796 | 30,698 | 48,114 |
Cash flows from investing activities: | |||||||||
Maturities of investment securities | |||||||||
0 | 20,000 | 60,000 | 95,000 | 30,000 | 0 | 0 | - | - | - |
Purchase of held-to-maturity investment securities | |||||||||
0 | 0 | 19,928 | 84,632 | 69,749 | 29,862 | 0 | 0 | - | - |
Payments to Acquire Businesses, Net of Cash Acquired | |||||||||
2,500 | 65,228 | 15,039 | 19,545 | 15,146 | 0 | 0 | - | - | 225 |
Final payment of purchase price for a business previously acquired | |||||||||
2,500 | 0 | 0 | - | - | - | - | - | - | - |
Purchase of property, plant and equipment | |||||||||
10,597 | 7,291 | 4,957 | 6,411 | 3,924 | 5,024 | 4,494 | 3,532 | 2,893 | 4,019 |
Purchase of company owned life insurance policy | |||||||||
750 | 750 | 0 | 0 | - | - | - | - | - | - |
Purchase of intangibles | |||||||||
302 | 0 | 100 | 0 | 0 | - | - | - | - | - |
Proceeds from disposition of product line, net | |||||||||
- | - | - | - | - | - | 1,758 | 0 | 0 | - |
Proceeds from sale of fixed assets | |||||||||
1,659 | 36 | 311 | 1,530 | 26 | 8 | 17 | 57 | 0 | 752 |
Net cash provided by investing activities-discontinued operations | |||||||||
- | - | - | - | - | 500 | 4,500 | 2,509 | -491 | -428 |
Net cash used for investing activities | |||||||||
-14,990 | -53,233 | 20,287 | -14,058 | -58,793 | -34,378 | 1,781 | -966 | -3,384 | -3,920 |
Net cash (used for) provided by investing activities | |||||||||
- | - | - | - | - | -34,878 | -2,719 | -3,475 | -2,893 | -3,492 |
Cash flows from financing activities: | |||||||||
Payments on long-term debt obligations | |||||||||
- | - | - | - | - | - | - | 66 | 481 | 10,511 |
Borrowings on credit facility | |||||||||
- | - | - | - | - | - | - | 74,270 | 309,075 | 346,405 |
Payments on credit facility | |||||||||
- | - | - | - | - | - | - | 74,270 | 309,075 | 350,555 |
Payments on long-term debt | |||||||||
127 | 220 | 65 | 0 | 0 | - | - | - | - | - |
Dividends paid | |||||||||
7,179 | 7,293 | 7,273 | 6,764 | 5,878 | 5,637 | 5,731 | 5,837 | 5,823 | 5,784 |
Purchase of treasury stock | |||||||||
4,372 | 0 | 0 | 11,274 | 0 | 6,634 | 4,864 | 1,648 | 0 | - |
Borrowings on credit facility | |||||||||
41,714 | 87,476 | 0 | 0 | - | - | - | - | - | - |
Repayments on credit facility | |||||||||
55,575 | 47,476 | 0 | 0 | - | - | - | - | - | - |
Payment of financing transaction costs | |||||||||
1,964 | 0 | 0 | - | 112 | 0 | 0 | - | 100 | - |
Proceeds from exercise of stock options | |||||||||
0 | 201 | 123 | 770 | 46 | 49 | 192 | 365 | 743 | 825 |
Payments for tax withholding on net restricted stock settlements | |||||||||
9 | 0 | 527 | 520 | 293 | - | - | - | - | - |
Payments for tax withholding on net restricted stock settlements | |||||||||
- | - | - | - | - | -563 | -262 | -60 | 0 | - |
Tax effect on stock awards | |||||||||
0 | 0 | 286 | 221 | 268 | 425 | -6 | -26 | 78 | - |
Net cash provided by financing activities | |||||||||
- | - | - | - | - | - | - | - | - | -19,620 |
Net cash provided by (used for) financing activities | |||||||||
-27,512 | 32,688 | -7,456 | -17,567 | -5,969 | -12,360 | -10,671 | -7,272 | -5,583 | - |
Effect of exchange rate changes on cash | |||||||||
42 | 44 | 64 | - | - | - | - | - | - | - |
Net decrease in cash and cash equivalents | |||||||||
-41,460 | 10,867 | 27,766 | - | - | - | - | - | - | - |
Effect of exchange rate changes on cash | |||||||||
- | - | - | 0 | 0 | - | - | - | - | - |
Net decrease in cash and cash equivalents | |||||||||
- | - | - | -16,502 | -31,771 | -18,908 | 20,973 | 17,558 | 21,731 | 24,574 |