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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Dec. 31, 2015
Mar. 31, 2015
ASSETS    
Cash and cash equivalents $ 3,272,000 $ 2,034,000
Accounts receivable, net 13,283,000 12,145,000
Inventories, net 14,716,000 12,420,000
Prepaid expenses and other 1,294,000 1,334,000
Deferred income taxes 1,682,000 1,689,000
Total current assets 34,247,000 29,622,000
Property, plant and equipment, net 15,685,000 9,598,000
Intangibles, net 41,231,000 33,231,000
Goodwill 63,953,000 44,869,000
Total assets 155,116,000 117,320,000
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 3,053,000 2,503,000
Accrued salaries and payroll taxes 4,340,000 4,105,000
Unearned revenues 2,809,000 1,314,000
Current portion of contingent consideration 4,696,000 1,220,000
Other accrued expenses 2,803,000 1,307,000
Income taxes payable 201,000 1,208,000
Current portion of long-term debt 3,000,000 3,000,000
Total current liabilities 20,902,000 14,657,000
Deferred income taxes 5,243,000 5,122,000
Long-term debt 44,000,000 23,250,000
Contingent consideration 4,327,000 812,000
Total liabilities $ 74,472,000 $ 43,841,000
Commitments and Contingencies (Note 7)
Stockholders’ equity:    
Common stock, no par value; authorized 25,000,000 shares; issued and outstanding, 3,625,003 and 3,561,540 shares, respectively $ 21,437,000 $ 17,751,000
Retained earnings 60,657,000 55,962,000
Accumulated other comprehensive loss (1,450,000) (234,000)
Total stockholders’ equity 80,644,000 73,479,000
Total liabilities and stockholders’ equity $ 155,116,000 $ 117,320,000