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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2015
Mar. 31, 2015
ASSETS    
Cash and cash equivalents $ 5,460,000 $ 2,034,000
Accounts receivable, net 12,687,000 12,145,000
Inventories, net 13,363,000 12,420,000
Prepaid expenses and other 1,943,000 1,334,000
Deferred income taxes 1,541,000 1,689,000
Total current assets 34,994,000 29,622,000
Property, plant and equipment, net 14,713,000 9,598,000
Intangibles, net 40,794,000 33,231,000
Goodwill 65,392,000 44,869,000
Total assets 155,893,000 117,320,000
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 3,038,000 2,503,000
Accrued salaries and payroll taxes 4,021,000 4,105,000
Unearned revenues 3,041,000 1,314,000
Current portion of contingent consideration 4,892,000 1,220,000
Other accrued expenses 5,629,000 1,307,000
Income taxes payable 233,000 1,208,000
Current portion of long-term debt 3,000,000 3,000,000
Total current liabilities 23,854,000 14,657,000
Deferred income taxes 4,861,000 5,122,000
Long-term debt 43,750,000 23,250,000
Contingent consideration 4,480,000 812,000
Total liabilities $ 76,945,000 $ 43,841,000
Commitments and Contingencies (Note 7)
Stockholders’ equity:    
Common stock, no par value; authorized 25,000,000 shares; issued and outstanding, 3,602,331 and 3,561,540 shares, respectively $ 19,675,000 $ 17,751,000
Retained earnings 58,876,000 55,962,000
Accumulated other comprehensive income (loss) 397,000 (234,000)
Total stockholders’ equity 78,948,000 73,479,000
Total liabilities and stockholders’ equity $ 155,893,000 $ 117,320,000