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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net income $ 3,029 $ 6,082
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 7,501 7,162
Stock-based compensation 5,310 2,424
Impairment loss on goodwill and long-lived assets 298 3,669
Gain on disposition of assets (288)
Non-cash interest and debt amortization 2,002
Amortization of step-up in inventory basis 5,134
Change in inventory reserve 578 49
Adjustment to contingent consideration (52) (32)
Other 255 135
Cash provided by changes in operating assets and liabilities    
Accounts receivable, net 11 893
Inventories, net 605 1,302
Prepaid expenses and other assets (2,410) (4,611)
Accounts payable 64 311
Accrued liabilities and taxes payable (4,396) 3,375
Unearned revenues 227 (179)
Net cash provided by operating activities 18,156 20,292
Cash flows from investing activities:    
Acquisitions (184,102) (4,840)
Purchases of property, plant and equipment (935) (1,207)
Proceeds from sale of assets 2,222
Net cash (used in) investing activities (185,037) (3,825)
Cash flows from financing activities:    
Proceeds from the issuance of debt 2,000
Proceeds from the issuance of convertible senior notes, net 167,070
Proceeds from the issuance of common stock, net 84,995
Payments on debt (23,000) (19,125)
Dividends (2,019) (1,843)
Contingent Consideration (11) (677)
Proceeds from the exercise of stock options 3,848 3,588
Net cash provided by (used in) financing activities 230,883 (16,057)
Effect of exchange rate changes on cash and cash equivalents (208) (150)
Net increase in cash and cash equivalents 63,794 260
Cash and cash equivalents at beginning of period 10,185 5,469
Cash and cash equivalents at end of period 73,979 5,729
Supplemental non-cash activity:    
Deferred tax liability related to the conversion option associated with the convertible senior notes $ 8,448