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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:      
Net income $ 930 $ 1,871 $ 3,274
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 33,824 25,068 17,660
Stock-based compensation 12,538 11,391 9,268
Non-cash interest and debt amortization 907 1,029 5,397
Deferred taxes (3,494) 128 (3,503)
Amortization of step-up in inventory basis 0 7,462 (436)
Other 390 (534) 161
Changes in operating assets and liabilities:      
Accounts receivable, net (2,121) (6,752) (647)
Inventories (10,182) (1,045) 929
Prepaid expenses and other assets (510) (3,606) 2,878
Accounts payable (1,545) 1,370 967
Other accrued expenses (3,360) 255 (317)
Unearned revenues 606 2,586 1,442
Net cash provided by operating activities 27,983 39,223 37,073
Cash flows from investing activities:      
Acquisitions, net of cash acquired (4,950) (300,793) 0
Purchases of property, plant and equipment (4,544) (4,432) (1,992)
Net cash (used in) investing activities (9,494) (305,225) (1,992)
Cash flows from financing activities:      
Proceeds from the issuance of common stock, net 0 0 145,935
Proceeds from the issuance of debt 0 70,000 0
Payments of debt (36,000) (21,000) 0
Dividends (3,406) (3,339) (3,165)
Proceeds from the exercise of stock options 6,997 8,027 4,943
Payment of tax withholding obligation on vesting of restricted stock (919) (875) (517)
Payments of contingent consideration 0 (237) (304)
Payment of debt issuance costs 0 0 (664)
Net cash (used in) provided by financing activities (33,328) 52,576 146,228
Effect of exchange rate changes on cash and cash equivalents (1,597) (1,093) 1,176
Net (decrease) increase in cash and cash equivalents (16,436) (214,519) 182,485
Cash and cash equivalents at beginning of period 49,346 263,865 81,380
Cash and cash equivalents at end of period 32,910 49,346 263,865
Cash paid for:      
Income taxes 1,356 3,048 1,367
Interest 3,485 2,762 2,372
Supplemental non-cash activity:      
Contingent consideration from acquisitions $ 1,190 $ 0 $ 490