Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2016	Mar. 31, 2015
ASSETS
Cash and cash equivalents	$ 5,695	$ 2,034
Accounts receivable, less allowances of $375 and $700, respectively	15,313	12,145
Inventories, net	14,017	12,420
Prepaid expenses and other	943	1,334
Deferred income taxes	1,218	1,689
Total current assets	37,186	29,622
Property, plant and equipment, net	16,628	9,598
Intangibles, net	40,797	33,231
Goodwill	66,137	44,869
Total assets	160,748	117,320
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable	2,823	2,503
Accrued salaries and payroll taxes	5,040	4,105
Unearned revenues	3,026	1,314
Current portion of contingent consideration	4,757	1,220
Other accrued expenses	3,085	1,307
Income taxes payable	2,240	1,208
Current portion of long-term debt	3,000	3,000
Total current liabilities	23,971	14,657
Deferred income taxes	5,419	5,122
Long-term debt	42,250	23,250
Contingent consideration	4,430	812
Total liabilities	$ 76,070	$ 43,841
Commitments and Contingencies (Note 12)
Stockholders’ equity:
Common stock, no par value; authorized 25,000,000 shares; issued and outstanding, 3,637,273 shares (March 31, 2016) and 3,561,540 shares (March 31, 2015)	$ 21,001	$ 17,751
Retained earnings	64,828	55,962
Accumulated other comprehensive loss	(1,151)	(234)
Total stockholders’ equity	84,678	73,479
Total liabilities and stockholders’ equity	$ 160,748	$ 117,320

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Balance Type:	credit
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- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.