XML 89 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating Activities    
Net income $ 16,732 $ 20,692
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,961 3,268
Deferred income taxes 7,140 6,797
Amortization of deferred financing costs 851 892
Stock-based compensation costs 1,858 1,193
Amortization of debt discount 144 345
(Gain) on sale or disposal of property and equipment 0 (2)
Changes in operating assets and liabilities, net of effects from acquisitions    
Accounts receivable 6,956 11,070
Inventories 1,540 (6,716)
Prepaid expenses and other current assets (2,203) 187
Accounts payable (3,096) (9,147)
Accrued liabilities (3,212) (5,781)
Net cash provided by (used in) operating activities 29,671 22,798
Investing Activities    
Purchases of property and equipment (496) (1,364)
Proceeds from the sale of property and equipment 0 2
Acquisition of the Hydralyte brand (77,991) 0
Net cash used in investing activities (78,487) (1,362)
Financing Activities    
Repayments under revolving credit agreement (30,000) (18,000)
Borrowings under revolving credit agreement 65,000 0
Payment of deferred financing costs (74) (280)
Proceeds from exercise of stock options 1,294 309
Proceeds from restricted stock exercises 57 0
Excess tax benefits from share-based awards 950 452
Fair value of shares surrendered as payment of tax withholding (1,171) (278)
Net cash provided by (used in) financing activities 36,056 (17,797)
Effects of exchange rate changes on cash and cash equivalents 104 (3)
(Decrease) increase in cash and cash equivalents (12,656) 3,636
Cash and cash equivalents - beginning of period 28,331 15,670
Cash and cash equivalents - end of period 15,675 19,306
Interest paid 13,867 14,826
Income taxes paid $ 707 $ 657