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Condensed consolidated statements of cash flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 1,512 $ 3,706
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,429 5,192
Restructuring income 0 (1,792)
Stock-based compensation expense 4,627 3,926
Amortization of debt issuance costs and discount on debt 214 190
Deferred income taxes (414) 1,086
Other, net 72 16
Changes in operating assets and liabilities:    
Accounts receivable (174) 9,641
Inventories (6,543) (7,241)
Prepaid expenses and other assets 1,065 725
Accounts payable and accrued expenses 5,891 2,190
Other liabilities (856) (4,774)
Net cash provided by operating activities 11,823 12,865
Cash flows from investing activities:    
Purchase of property and equipment (1,155) (2,904)
Net cash used in investing activities (1,155) (2,904)
Cash flows from financing activities:    
Proceeds from revolving line of credit 20,000 0
Repayment of revolving line of credit (20,000) 0
Repayment of long-term debt (2,475) (2,063)
Debt issuance costs paid (334) 0
Repurchase of common stock 0 (1,079)
Cash received from issuance of common stock 398 240
Other, net (200) (187)
Net cash used in financing activities (2,611) (3,089)
Net increase in cash and cash equivalents 8,057 6,872
Cash and cash equivalents - beginning of period 46,167 53,874
Cash and cash equivalents - end of period $ 54,224 $ 60,746