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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2020
Operating activities      
Net income $ 6,091 $ 26,134 $ 12,462
Adjustments to reconcile net income to net cash (used in)      
Depreciation 1,327 1,190 1,203
Amortization of intangible assets 227 290 359
Stock-based compensation 813 753 618
Amortization of debt issue costs 62 157 243
Loss on debt extinguishment   90  
Deferred income tax benefit 1,980 (19,860) 75
(Gain) loss on sale of property and equipment (77) 1 10
Provision for inventory reserves 623 275 205
Provision for bad debts 10    
Other 26 106 57
Changes in operating assets and liabilities:      
Accounts receivable 4,407 (2,384) 3,616
Revenue earned but not billed 851 (2,370) 3,186
Inventories (420) (5,322) (1,319)
Prepaid expenses and other assets (888) (396) 66
Accounts payable (8,125) (2,637) (79)
Accrued expenses and other liabilities (6,933) 5,797 (192)
Deferred revenue, current and long-term (87) (95) (92)
Net cash (used in) provided by operating activities (113) 1,729 20,343
Investing activities      
Cash paid for acquisition (4,012)    
Cash paid for investment (500)    
Purchase of property and equipment (518) (902) (814)
Additions to patents and licenses (10) (51) (131)
Proceeds from sales of property, plant and equipment 122 7 9
Net cash used in investing activities (4,918) (946) (936)
Financing activities      
Payment of long-term debt (14) (35) (92)
Proceeds from revolving credit facility   8,000 74,100
Payment of revolving credit facility   (18,013) (73,289)
Payments to settle employee tax withholdings on stock-based compensation (5) (84) (76)
Debt issue costs (4) (245) (91)
Net proceeds from employee equity exercises 127 236 63
Net cash provided by (used in) financing activities 104 (10,141) 615
Net (decrease) increase in cash and cash equivalents (4,927) (9,358) 20,022
Cash and cash equivalents at beginning of period 19,393 28,751 8,729
Cash and cash equivalents at end of period 14,466 19,393 28,751
Supplemental cash flow information:      
Cash paid for interest (68) (118) (254)
Cash paid for income taxes $ (203) (175) (28)
Supplemental disclosure of non-cash investing and financing activities:      
Operating lease assets obtained in exchange for new operating lease liabilities   $ 355 $ 2,757