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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2018
Dec. 31, 2017
[1]
Cash flows from operating activities:    
Net income $ 6,082 $ (7,216)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 7,162 6,981
Stock-based compensation 2,424 1,423
Impairment loss on goodwill and long-lived assets 3,669 13,819
Change in inventory reserve 49 2,120
Gain on disposition of assets (288) (116)
Deferred taxes (1,077)
Foreign currency adjustments (255)
Adjustment to contingent consideration (32) 300
Other 135 83
Cash provided by changes in operating assets and liabilities:    
Accounts receivable, net 893 2,621
Inventories, net 1,302 1,414
Prepaid expenses and other current assets (4,611) (1,687)
Accounts payable 311 (139)
Accrued liabilities and taxes payable 3,375 (1,751)
Unearned revenues (179) (442)
Net cash provided by operating activities 20,292 16,078
Cash flows from investing activities:    
Acquisitions (4,840) (15,433)
Proceeds from sale of assets 2,222 1,133
Purchases of property, plant and equipment (1,207) (2,540)
Net cash used in investing activities (3,825) (16,840)
Cash flows from financing activities:    
Proceeds from the issuance of debt 2,000 11,000
Payments on debt (19,125) (9,750)
Contingent consideration (677) (905)
Dividends (1,843) (1,807)
Proceeds from the exercise of stock options 3,588 2,346
Net cash (used in) provided by financing activities (16,057) 884
Effect of exchange rate changes on cash and cash equivalents (150) (99)
Net increase in cash and cash equivalents 260 23
Cash and cash equivalents at the beginning of the period 5,469 5,820
Cash and cash equivalents at the end of the period 5,729 5,843
Cash paid for:    
Income taxes paid 5,634 4,191
Interest paid $ 1,293 $ 1,477
[1] -Contingent consideration is classified as a financing activity pursuant to ASU 2016-15.