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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:      
Net income (loss) $ (10,337) $ 163 $ (4,515)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:      
Allowance for doubtful accounts and other (17) 39 (41)
Provision for excess and obsolete inventories 343 1,195 1,561
Non-cash lease expense 611    
Depreciation and amortization 1,434 1,454 1,255
Stock-based compensation 2,566 2,266 2,070
Amortization of premium on investments   (36) 73
Changes in assets and liabilities:      
Accounts receivable 1,026 (2,099) 1,111
Inventory 1,060 (1,333) 2,103
Prepaid expenses and other assets (431) (144) 117
Accounts payable (680) 48 189
Accrued expenses and other liabilities (256) 1,453 (2,858)
Net cash provided by (used in) operating activities (4,681) 3,006 1,065
Cash flows from investing activities:      
Purchase of investments (18,116) (20,307) (13,243)
Maturities of short-term investments 27,418 18,173 16,140
Decrease in MikaMonu escrow deposit 1,000 750 1,234
Purchases of property and equipment (331) (2,090) (1,320)
Net cash provided by (used in) investing activities 9,971 (3,474) 2,811
Cash flows from financing activities:      
Payment of contingent consideration   (720)  
Payment of MikaMonu escrow deposit (428) (364) (862)
Repurchase of common stock   (103)  
Proceeds from issuance of common stock under employee stock plans 4,149 3,909 3,491
Net cash provided by financing activities 3,721 2,722 2,629
Net increase in cash and cash equivalents 9,011 2,254 6,505
Cash and cash equivalents at beginning of the period 42,495 40,241 33,736
Cash and cash equivalents at end of the period 51,506 42,495 40,241
Non-cash financing activities:      
Purchases of property and equipment through accounts payable and accruals 19 31 105
Supplemental cash flow information:      
Net cash paid for income taxes $ 345 $ 11 $ 39