Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2017	Mar. 31, 2016
ASSETS
Cash and cash equivalents	$ 5,820	$ 5,695
Accounts receivable, less allowances of $252 and $375, respectively	14,319	15,313
Inventories, net	13,873	14,017
Prepaid expenses and other	1,773	943
Deferred income taxes		1,218
Total current assets	35,785	37,186
Property, plant and equipment, net	26,002	16,628
Intangibles, net	37,790	40,797
Goodwill	72,156	66,137
Total assets	171,733	160,748
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable	2,168	2,823
Accrued salaries and payroll taxes	4,350	5,040
Unearned revenues	4,117	3,026
Current portion of contingent consideration	1,294	4,757
Other accrued expenses	2,999	3,085
Income taxes payable	514	2,240
Current portion of long-term debt	1,125	3,000
Total current liabilities	16,567	23,971
Deferred income taxes	3,554	5,419
Long-term debt, net of debt issuance costs and current portion	53,675	42,250
Contingent consideration	116	4,430
Total liabilities	73,912	76,070
Commitments and Contingencies (Note 13)
Stockholders’ equity:
Common stock, no par value; authorized 25,000,000 shares; issued and outstanding, 3,727,704 shares (March 31, 2017) and 3,637,273 shares (March 31, 2016)	25,925	21,001
Retained earnings	73,656	64,828
Accumulated other comprehensive loss	(1,760)	(1,151)
Total stockholders’ equity	97,821	84,678
Total liabilities and stockholders’ equity	$ 171,733	$ 160,748

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.