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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net income $ 337 $ 319
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation of property, plant and equipment 2,899 3,196
Amortization of acquisition-related intangibles 22,380 21,573
Stock-based compensation expense 9,144 9,859
Non-cash interest and debt amortization 692 679
Other (1,614) (1,038)
Cash from changes in operating assets and liabilities:    
Accounts receivable, net 8,294 (1,979)
Inventories 217 (9,191)
Prepaid expenses and other assets (7,841) (2,312)
Accounts payable (1,656) (1,339)
Accrued liabilities and taxes payable (124) (5,221)
Unearned revenues (1,478) 918
Net cash provided by operating activities 31,250 15,464
Cash flows from investing activities:    
Acquisitions, net of cash acquired (79,700) (4,950)
Purchases of property, plant and equipment (2,032) (3,518)
Net cash (used in) investing activities (81,732) (8,468)
Cash flows from financing activities:    
Proceeds from the issuance of debt 71,000 0
Repayment of debt (22,000) (30,000)
Dividends paid (2,583) (2,550)
Proceeds from the exercise of stock options 358 4,523
Payment of tax withholding obligation on vesting of restricted stock (726) (909)
Other financing, net (280) 0
Net cash provided by (used in) financing activities 45,769 (28,936)
Effect of exchange rate changes on cash and cash equivalents 27 (1,305)
Net (decrease) in cash and cash equivalents (4,686) (23,245)
Cash and cash equivalents at beginning of period 32,910 49,346
Cash and cash equivalents at end of period 28,224 26,101
Acquisition-related consideration held back against potential indemnification losses $ 9,526 $ 0