XML 16 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed consolidated statements of cash flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 14,000 $ 1,959
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 13,349 12,597
Restructuring expense 82 0
Stock-based compensation expense 9,387 10,012
Amortization of debt issuance costs and discount on debt 211 428
Deferred income taxes 1,635 (2,465)
Loss on extinguishment of debt 460 0
Other, net 257 (26)
Changes in operating assets and liabilities:    
Accounts receivable (4,374) (4,123)
Inventories (19,958) (18,270)
Prepaid expenses and other assets (6,379) (3,008)
Accounts payable and accrued expenses (5,878) 7,962
Other liabilities (2,018) (1,653)
Net cash provided by operating activities 774 3,413
Cash flows from investing activities:    
Purchase of property and equipment (3,649) (2,746)
Net cash used in investing activities (3,649) (2,746)
Cash flows from financing activities:    
Proceeds from revolving line of credit 26,480 20,000
Repayment of revolving line of credit (13,000) (20,000)
Proceeds from long term debt 25,581 0
Repayment of long-term debt (52,025) (5,569)
Debt issuance costs paid (1,064) (334)
Cash received from issuance of common stock 1,224 511
Other, net (395) (401)
Net cash used in financing activities (13,199) (5,793)
Net decrease in cash and cash equivalents (16,074) (5,126)
Cash and cash equivalents - beginning of period 57,768 46,167
Cash and cash equivalents - end of period $ 41,694 $ 41,041