XML 33 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Balance Sheets (Current Period Unaudited) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Mar. 31, 2014
Cash and cash equivalents $ 1,427us-gaap_CashAndCashEquivalentsAtCarryingValue $ 5,575us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable, net 11,849us-gaap_AccountsReceivableNetCurrent 9,278us-gaap_AccountsReceivableNetCurrent
Inventories, net 12,596us-gaap_InventoryNet 7,771us-gaap_InventoryNet
Prepaid expenses and other 1,558us-gaap_PrepaidExpenseAndOtherAssetsCurrent 2,064us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Deferred income taxes 1,878us-gaap_DeferredTaxAssetsLiabilitiesNetCurrent 1,878us-gaap_DeferredTaxAssetsLiabilitiesNetCurrent
Total current assets 29,308us-gaap_AssetsCurrent 26,566us-gaap_AssetsCurrent
Property, plant and equipment, net 9,241us-gaap_PropertyPlantAndEquipmentNet 7,680us-gaap_PropertyPlantAndEquipmentNet
Intangibles, net 33,532us-gaap_IntangibleAssetsNetExcludingGoodwill 25,417us-gaap_IntangibleAssetsNetExcludingGoodwill
Goodwill 44,097us-gaap_Goodwill 37,866us-gaap_Goodwill
Total assets 116,178us-gaap_Assets 97,529us-gaap_Assets
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 2,840us-gaap_AccountsPayableCurrent 2,019us-gaap_AccountsPayableCurrent
Accrued salaries and payroll taxes 3,968us-gaap_EmployeeRelatedLiabilitiesCurrent 3,567us-gaap_EmployeeRelatedLiabilitiesCurrent
Unearned revenues 1,421us-gaap_DeferredRevenueCurrent 1,886us-gaap_DeferredRevenueCurrent
Other accrued expenses 1,450us-gaap_AccruedLiabilitiesCurrent 2,743us-gaap_AccruedLiabilitiesCurrent
Current portion of long-term debt 3,000us-gaap_LongTermDebtCurrent 0us-gaap_LongTermDebtCurrent
Total current liabilities 12,679us-gaap_LiabilitiesCurrent 10,215us-gaap_LiabilitiesCurrent
Deferred income taxes 4,861us-gaap_DeferredTaxLiabilitiesNoncurrent 4,861us-gaap_DeferredTaxLiabilitiesNoncurrent
Long-term debt 25,000us-gaap_LongTermDebtNoncurrent 16,500us-gaap_LongTermDebtNoncurrent
Contingent consideration 1,920us-gaap_BusinessCombinationContingentConsiderationLiability 1,620us-gaap_BusinessCombinationContingentConsiderationLiability
Total liabilities 44,460us-gaap_Liabilities 33,196us-gaap_Liabilities
Commitments and Contingencies (Note 7)      
Common stock, no par value; authorized 25,000,000 shares; issued and outstanding, 3,535,349 and 3,490,628 shares, respectively 17,681us-gaap_CommonStockValue 15,796us-gaap_CommonStockValue
Employee loans to purchase stock   (24)us-gaap_OtherAdditionalCapital
Retained earnings 54,287us-gaap_RetainedEarningsAccumulatedDeficit 48,561us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive loss (250)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax  
Total stockholders’ equity 71,718us-gaap_StockholdersEquity 64,333us-gaap_StockholdersEquity
Total liabilities and stockholders’ equity $ 116,178us-gaap_LiabilitiesAndStockholdersEquity $ 97,529us-gaap_LiabilitiesAndStockholdersEquity