XML 24 R2.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2019
Mar. 31, 2019
Current assets:    
Cash and cash equivalents $ 6,455,000 $ 9,911,000
Short-term investments 2,192,000 3,273,000
Accounts receivable - net 69,914,000 56,015,000
Inventory - net 250,667,000 233,726,000
Inventory unreturned 8,684,000 8,469,000
Contract assets (see Note 5) 19,471,000 22,183,000
Income tax receivable 10,205,000 10,009,000
Prepaid expenses and other current assets 8,846,000 9,296,000
Total current assets 376,434,000 352,882,000
Plant and equipment - net 40,723,000 35,151,000
Operating lease assets (see Note 9) 49,262,000 0
Long-term deferred income taxes 10,237,000 9,746,000
Long-term contract assets (see Note 5) 224,329,000 221,876,000
Goodwill 3,205,000 3,205,000
Intangible assets - net 7,493,000 8,431,000
Other assets 875,000 1,071,000
TOTAL ASSETS 712,558,000 632,362,000
Current liabilities:    
Accounts payable 85,307,000 92,461,000
Accrued liabilities 14,318,000 14,604,000
Customer finished goods returns accrual 23,621,000 22,615,000
Contract liabilities (see Note 8) 24,064,000 30,599,000
Revolving loan 144,000,000 110,400,000
Other current liabilities 4,852,000 4,990,000
Operating lease liabilities (see Note 9) 4,487,000 0
Current portion of term loan 3,678,000 3,685,000
Total current liabilities 304,327,000 279,354,000
Term loan, less current portion 22,299,000 24,187,000
Long-term contract liabilities (see Note 8) 49,327,000 40,889,000
Long-term deferred income taxes 130,000 257,000
Long-term operating lease liabilities (see Note 9) 47,925,000 0
Other liabilities 7,205,000 7,920,000
Total liabilities 431,213,000 352,607,000
Commitments and contingencies
Shareholders' equity:    
Preferred stock 0 0
Common stock; par value $.01 per share, 50,000,000 shares authorized; 18,944,886 and 18,817,400 shares issued and outstanding at September 30, 2019 and March 31, 2019, respectively 189,000 188,000
Additional paid-in capital 216,430,000 215,047,000
Retained earnings 71,445,000 71,407,000
Accumulated other comprehensive loss (6,719,000) (6,887,000)
Total shareholders' equity 281,345,000 279,755,000
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 712,558,000 632,362,000
Series A Junior Participating Preferred Stock [Member]    
Shareholders' equity:    
Preferred stock $ 0 $ 0