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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:      
Net income (loss) $ 7,361,000 $ 21,476,000 $ (7,290,000)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:      
Depreciation and amortization 11,338,000 9,573,000 7,791,000
Amortization of intangible assets 1,548,000 1,571,000 1,770,000
Amortization and write -off of debt issuance costs 623,000 859,000 819,000
Amortization of interest on contract liabilities, net 879,000 924,000 713,000
Amortization of core premiums paid to customers 11,242,000 6,590,000 4,501,000
Amortization of finished goods premiums paid to customers 718,000 101,000 0
Non-cash lease expense 7,447,000 7,102,000 5,808,000
Foreign exchange impact of lease liabilities and forward contracts (1,673,000) (17,606,000) 18,201,000
Foreign currency remeasurement loss (gain) 48,000 (1,500,000) 818,000
Loss (gain) due to the change in the fair value of the contingent consideration 67,000 230,000 (98,000)
Gain on short-term investments (163,000) (521,000) (96,000)
Net provision for inventory reserves 13,504,000 12,803,000 13,372,000
Net provision for customer payment discrepancies 2,142,000 694,000 1,626,000
Net provision for doubtful accounts 95,000 (1,000) 610,000
Deferred income taxes (7,442,000) (433,000) (10,337,000)
Share-based compensation expense 7,287,000 5,247,000 4,141,000
Loss on disposal of plant and equipment 36,000 29,000 15,000
Change in operating assets and liabilities, net of effects of acquisitions:      
Accounts receivable (24,145,000) 28,364,000 (38,078,000)
Inventory (95,529,000) (73,564,000) (6,112,000)
Inventory unreturned (437,000) (5,514,000) (552,000)
Income tax receivable 111,000 3,200,000 6,753,000
Prepaid expenses and other current assets (682,000) (2,763,000) (416,000)
Other assets 122,000 523,000 (1,109,000)
Accounts payable and accrued liabilities 17,453,000 55,958,000 (11,253,000)
Customer finished goods returns accrual 6,533,000 6,138,000 2,725,000
Contract assets, net (52,474,000) (43,871,000) (15,835,000)
Contract liabilities, net 48,056,000 45,118,000 43,372,000
Operating lease liabilities (5,442,000) (6,376,000) (4,726,000)
Other liabilities 6,515,000 1,738,000 1,662,000
Net cash (used in) provided by operating activities (44,862,000) 56,089,000 18,795,000
Cash flows from investing activities:      
Purchase of plant and equipment (7,550,000) (13,942,000) (14,156,000)
Proceeds from sale of plant and equipment 0 8,000 43,000
(Payments for) redemptions of short term investments (388,000) (280,000) 2,519,000
Net cash used in investing activities (7,938,000) (14,214,000) (11,594,000)
Cash flows from financing activities:      
Borrowings under revolving loan 107,000,000 27,000,000 75,000,000
Repayments of revolving loan (36,000,000) (95,000,000) (33,400,000)
Repayments of term loan (3,750,000) (3,750,000) (3,750,000)
Payments for debt issuance costs (1,159,000) 0 (973,000)
Payments on finance lease obligations (2,716,000) (2,442,000) (2,164,000)
Payment of contingent consideration 0 (1,605,000) (1,955,000)
Exercise of stock options 499,000 719,000 457,000
Cash used to net share settle equity awards (1,745,000) (350,000) (1,062,000)
Repurchase of common stock, including fees (1,914,000) (1,139,000) 0
Net cash provided by (used in) financing activities 60,215,000 (76,567,000) 32,153,000
Effect of exchange rate changes on cash and cash equivalents 78,000 599,000 351,000
Net increase (decrease) in cash and cash equivalents 7,493,000 (34,093,000) 39,705,000
Cash and cash equivalents - Beginning of year 15,523,000 49,616,000 9,911,000
Cash and cash equivalents - End of year 23,016,000 15,523,000 49,616,000
Supplemental disclosures of cash flow information:      
Cash paid for interest, net 13,994,000 14,066,000 23,558,000
Cash paid for income taxes, net of refunds 6,746,000 3,027,000 1,500,000
Cash paid for operating leases 10,406,000 10,878,000 8,212,000
Cash paid for finance leases 3,061,000 2,821,000 2,445,000
Plant and equipment acquired under finance leases 836,000 4,102,000 3,144,000
Assets acquired under operating leases 16,187,000 16,484,000 18,528,000
Non-cash capital expenditures $ 661,000 $ 857,000 $ 2,211,000