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Condensed consolidated statements of cash flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 1,959 $ 10,223
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 12,597 11,169
Restructuring income 0 (5,990)
Stock-based compensation expense 10,012 7,930
Amortization of debt issuance costs and discount on debt 428 379
Deferred income taxes (2,465) 3,343
Other, net (26) 364
Changes in operating assets and liabilities:    
Accounts receivable (4,123) 4,355
Inventories (18,270) (7,071)
Prepaid expenses and other assets (3,008) (1,202)
Accounts payable and accrued expenses 7,962 4,182
Other liabilities (1,653) (10,677)
Net cash provided by operating activities 3,413 17,005
Cash flows from investing activities:    
Purchase of property and equipment (2,746) (5,534)
Net cash used in investing activities (2,746) (5,534)
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 (5,569) (4,538)
Debt issuance costs paid (334) 0
Repurchase of common stock 0 (2,546)
Cash received from issuance of common stock 511 866
Other, net (401) (380)
Net cash used in financing activities (5,793) (6,598)
Net (decrease) increase in cash and cash equivalents (5,126) 4,873
Cash and cash equivalents - beginning of period 46,167 53,874
Cash and cash equivalents - end of period $ 41,041 $ 58,747