| Mar'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 | Mar'11 |
|---|---|---|---|---|---|---|---|---|
Net income | ||||||||
7,484 | -2,962 | 11,183 | 11,169 | 9,583 | 9,000 | 8,450 | 7,919 | 6,183 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
Depreciation and amortization | ||||||||
9,428 | 9,471 | 8,737 | 7,174 | 5,656 | 3,844 | 3,432 | 2,215 | 1,844 |
Stock-based compensation | ||||||||
4,212 | 1,672 | 1,411 | 1,327 | 993 | 840 | 1,112 | 464 | 383 |
Impairment loss on goodwill and long-lived assets | ||||||||
4,774 | 13,819 | - | - | - | - | - | - | - |
Gain on disposition of assets | ||||||||
288 | 116 | - | 0 | - | - | - | - | - |
Amortization of debt issuance costs | ||||||||
- | - | - | 0 | - | - | - | - | - |
Change in inventory reserve | ||||||||
380 | -2,474 | -194 | -305 | - | - | - | - | - |
Gain on dispositions, net | ||||||||
- | - | - | - | -16 | 420 | - | - | - |
Deferred taxes | ||||||||
2,472 | 2,704 | 630 | 807 | -450 | 43 | 291 | 258 | 414 |
Foreign currency adjustments | ||||||||
108 | 490 | -93 | -53 | 176 | 0 | - | - | - |
Impairment loss on goodwill | ||||||||
- | - | - | 0 | - | - | - | - | - |
Adjustment to contingent consideration | ||||||||
-32 | 300 | - | 0 | - | - | - | - | - |
Other | ||||||||
-45 | -110 | - | - | - | - | - | - | - |
Cash provided by changes in operating assets and liabilities | ||||||||
Accounts receivable, net | ||||||||
-1,592 | -680 | -994 | 1,958 | 2,291 | -697 | 1,510 | -493 | 931 |
Inventories, net | ||||||||
-2,574 | -2,286 | -101 | 1,507 | 3,164 | 1,300 | 228 | -1,276 | 72 |
Prepaid expenses and other assets | ||||||||
2,898 | -755 | 830 | -391 | -772 | 1,479 | 189 | -38 | -180 |
Accounts payable | ||||||||
1,092 | 212 | -655 | -150 | 410 | 754 | 437 | -150 | -1 |
Accrued liabilities and taxes payable | ||||||||
5,477 | 408 | -3,066 | 2,865 | -861 | 1,192 | 189 | 142 | 1,696 |
Unearned revenues | ||||||||
54 | -196 | -228 | 99 | -572 | 308 | - | - | - |
Proceeds from disposition | ||||||||
- | - | - | - | - | 661 | - | - | - |
Net cash provided by operating activities | ||||||||
30,554 | 25,719 | 17,304 | 16,903 | 10,816 | 12,373 | 11,402 | 12,489 | 8,868 |
Cash flows from investing activities: | ||||||||
Acquisitions | ||||||||
4,840 | 15,518 | 6,800 | 24,111 | 20,543 | 22,758 | 16,660 | 737 | 17,973 |
Proceeds from sale of assets | ||||||||
2,222 | 1,133 | - | 0 | - | - | - | - | - |
Purchases of property, plant and equipment | ||||||||
1,262 | 2,799 | 11,605 | 7,729 | 2,828 | 1,041 | 908 | 683 | 2,645 |
Net cash (used in) investing activities | ||||||||
-3,880 | -17,184 | -18,405 | -31,840 | -23,371 | -23,138 | -17,568 | -1,420 | -20,618 |
Cash flows from financing activities: | ||||||||
Proceeds from the issuance of debt | ||||||||
2,000 | 11,000 | 66,550 | 25,000 | 23,000 | 21,000 | 11,000 | - | 7,000 |
Payments on debt | ||||||||
25,625 | 19,625 | 57,000 | 6,000 | 13,250 | 8,500 | 7,000 | 6,500 | 778 |
Dividends | ||||||||
2,462 | 2,413 | 2,355 | 2,303 | 2,182 | 1,989 | 1,815 | 1,645 | 1,488 |
Impairment of intangible asset | ||||||||
- | - | - | - | - | - | - | 350 | - |
Contingent Consideration | ||||||||
-680 | -905 | -9,554 | -2,058 | 0 | -1,020 | - | - | - |
Proceeds from the exercise of stock options | ||||||||
5,095 | 2,919 | 3,513 | 1,923 | 1,504 | 1,845 | 898 | 1,318 | 196 |
Net cash provided by (used in) financing activities | ||||||||
-21,672 | -9,024 | 1,154 | 18,620 | 9,072 | 12,334 | 2,981 | -7,424 | 4,825 |
Purchase and retirement of common stock | ||||||||
- | - | - | - | - | 22 | 102 | 597 | 105 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||
-286 | 138 | 72 | -22 | -58 | 0 | - | - | - |
Net increase in cash and cash equivalents | ||||||||
4,716 | -351 | 125 | 3,661 | -3,541 | 1,569 | -3,185 | 3,645 | -6,925 |
Income taxes | ||||||||
5,870 | 4,551 | 5,605 | 3,951 | 3,345 | 4,714 | 4,778 | 4,457 | 3,528 |
Interest | ||||||||
1,637 | 1,956 | 1,384 | 848 | 499 | 133 | 116 | 176 | 141 |
Contingent consideration as part of an acquisition | ||||||||
- | - | - | 9,271 | 412 | 500 | 2,140 | - | - |
Employee loans issued for exercise of stock options | ||||||||
- | - | - | - | - | - | 203 | 396 | 437 |
Repayment of employee loans for stock options | ||||||||
- | - | - | - | 24 | 92 | 450 | 437 | - |