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Acquisitions and Dispositions (Tables)

9 Months Ended

Dec. 31, 2013

Schedule of adjusted pro forma effect of the acquisitions on the results of operations

	Three Months Ended December 31,				Nine Months Ended December 31,
	2013		2012		2013		2012
Revenues	$	14,777	$	14,074	$	43,559	$	42,476
Net income	2,112		2,116		6,849		6,982
Net Income per common share:
Basic	$	0.62	$	0.63	$	2.01	$	2.08
Diluted	0.58		0.60		1.91		1.98

Amega Scientific

Acquisition

Schedule of purchase price allocation

The following reflects our preliminary allocation of the consideration, subject to customary purchase price adjustments in accordance with the Amega Agreement (in thousands):

Cash consideration	$	11,268
Holdback payment liability	1,000
Contingent consideration liability	500
Aggregate consideration	$	12,768

The purchase price was allocated as follows:

Accounts receivable, net	$	734
Inventories, net	410
Prepaid expenses and other	11
Property, plant and equipment, net	115
Intangibles, net	5,838
Goodwill	6,756
Accrued salaries and payroll taxes	(53		)
Unearned revenues	(1,043		)
Total purchase price allocation	$	12,768

Tempsys

Acquisition

Schedule of purchase price allocation

The following reflects our preliminary allocation of the consideration, subject to customary purchase price adjustments in accordance with the TempSys Agreement (in thousands):

The purchase price was allocated as follows:

Cash	$	57
Accounts receivable, net	838
Inventories, net	447
Prepaid expenses and other	21
Property, plant and equipment, net	25
Deferred income taxes	585
Intangibles, net	6,135
Goodwill	6,954
Accounts payable	(255		)
Accrued salaries and payroll taxes	(2,134		)
Unearned revenues	(485		)
Other accrued expenses	(135		)
Deferred income taxes	(2,227		)
Total purchase price allocation	$	9,826

ST Acquisitions

Acquisition

Schedule of purchase price allocation

The following reflects our allocation of the consideration in accordance with the Suretorque Agreement (in thousands):

Cash consideration	$	1,721
Holdback payment liability	100
Aggregate consideration	$	1,821

The purchase price was allocated as follows:

Inventories, net	$	230
Property, plant and equipment, net	7
Intangibles, net	1,005
Goodwill	579
Total purchase price allocation	$	1,821

Bios

Acquisition

Schedule of purchase price allocation

The following reflects our allocation of the consideration in accordance with the Bios Agreement (in thousands):

Cash consideration	$	16,660
Contingent purchase price liability	2,140
Aggregate consideration	$	18,800

The purchase price was allocated as follows:

Accounts receivable, net	$	478
Inventories, net	910
Other current assets	28
Property, plant and equipment, net	63
Intangibles, net	8,200
Goodwill	9,190
Other accrued expenses	(69		)
Total purchase price allocation	$	18,800