XML 43 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:    
Net income $ 4,348 $ 3,733
Depreciation and amortization 1,675 1,102
Stock based compensation 438 192
Change in assets and liabilities, net of acquisitions    
Accounts receivable, net (452) 361
Inventories, net (282) 722
Prepaid expenses and other 134 167
Accounts payable 103 (122)
Accrued liabilities (1,038) (1,550)
Net cash flows provided by operating activities 4,926 4,605
Cash flows from investing activities:    
Acquisition of net assets of a business (16,660)  
Purchases of property, plant and equipment (370) (343)
Net cash used in investing activities (17,030) (343)
Cash flows from financing activities:    
Proceeds from the issuance of debt 11,000  
Payments on debt (3,000) (2,500)
Dividends (871) (788)
Purchases of stock for treasury (57) (80)
Proceeds from the exercise of stock options 613 512
Net cash provided by (used in) financing activities 7,685 (2,856)
Net (decrease) increase in cash and cash equivalents (4,419) 1,406
Cash and cash equivalents at beginning of period 7,191 3,546
Cash and cash equivalents at end of period 2,772 4,952
Cash paid for:    
Income taxes 2,814 2,134
Interest 75 111
Supplemental non-cash activity:    
Employee loans issued for the exercise of stock options 166 235
Repayment of employee loans related to the exercise of stock options 347 304
Contingent consideration as part of the acquisition of net assets of a business $ 2,140