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Condensed Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:    
Net income $ 5,891 $ 5,720
Depreciation and amortization 2,585 1,636
Stock based compensation 897 349
Change in assets and liabilities, net of acquisitions    
Accounts receivable, net (631) 914
Inventories, net 67 857
Prepaid expenses and other 114 134
Accounts payable 310 (119)
Accrued liabilities (782) (582)
Net cash flows provided by operating activities 8,451 8,909
Cash flows from investing activities:    
Acquisition of net assets of a business (16,660) (712)
Purchases of property, plant and equipment (656) (545)
Net cash used in investing activities (17,316) (1,257)
Cash flows from financing activities:    
Proceeds from the issuance of debt 11,000  
Payments on debt (6,000) (4,750)
Dividends (1,341) (1,216)
Purchases of stock for treasury (57) (60)
Proceeds from the exercise of stock options 794 519
Net cash provided by (used in) financing activities 4,396 (5,507)
Net (decrease) increase in cash and cash equivalents (4,469) 2,145
Cash and cash equivalents at beginning of period 7,191 3,546
Cash and cash equivalents at end of period 2,722 5,691
Cash paid for:    
Income taxes 4,125 3,280
Interest 120 134
Supplemental non-cash activity:    
Employee loans issued for the exercise of stock options 177 235
Repayment of employee loans related to the exercise of stock options 347 301
Contingent consideration as part of the acquisition of net assets of a business $ 2,140