XML 92 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:      
Net income $ 16,954us-gaap_NetIncomeLoss $ 18,769us-gaap_NetIncomeLoss $ 15,227us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 7,878us-gaap_DepreciationAmortizationAndAccretionNet 7,543us-gaap_DepreciationAmortizationAndAccretionNet 7,594us-gaap_DepreciationAmortizationAndAccretionNet
Accretion of investment discount (234)us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments 0us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments 0us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments
Reduction of goodwill from disposition of product line 0us-gaap_GoodwillImpairmentLoss 0us-gaap_GoodwillImpairmentLoss 2,711us-gaap_GoodwillImpairmentLoss
Provision for accounts receivable allowances 2,143us-gaap_ProvisionForDoubtfulAccounts 2,862us-gaap_ProvisionForDoubtfulAccounts 4,746us-gaap_ProvisionForDoubtfulAccounts
Deferred tax provision (benefit) 1,666css_AdjustmentToReconcileNetIncomeDueToDeferredTaxExpenseBenefit 2,511css_AdjustmentToReconcileNetIncomeDueToDeferredTaxExpenseBenefit (4,257)css_AdjustmentToReconcileNetIncomeDueToDeferredTaxExpenseBenefit
(Gain) loss on sale or disposal of assets (16)us-gaap_GainLossOnDispositionOfAssets (8)us-gaap_GainLossOnDispositionOfAssets 155us-gaap_GainLossOnDispositionOfAssets
Share-based compensation expense 2,038us-gaap_ShareBasedCompensation 1,843us-gaap_ShareBasedCompensation 1,783us-gaap_ShareBasedCompensation
Changes in assets and liabilities, net of acquisitions:      
Accounts receivable 1,593us-gaap_IncreaseDecreaseInAccountsReceivable (3,972)us-gaap_IncreaseDecreaseInAccountsReceivable (2,952)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (2,903)us-gaap_IncreaseDecreaseInInventories 3,346us-gaap_IncreaseDecreaseInInventories 8,106us-gaap_IncreaseDecreaseInInventories
Other assets 1,248us-gaap_IncreaseDecreaseInOtherOperatingAssets (1,282)us-gaap_IncreaseDecreaseInOtherOperatingAssets (704)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable 2,253us-gaap_IncreaseDecreaseInAccountsPayable (2,536)us-gaap_IncreaseDecreaseInAccountsPayable (4,073)us-gaap_IncreaseDecreaseInAccountsPayable
Accrued income taxes 821us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable (726)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 1,290us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Accrued expenses and long-term obligations (218)css_IncreaseDecreaseInAccruedExpensesAndOtherLongTermObligations (110)css_IncreaseDecreaseInAccruedExpensesAndOtherLongTermObligations 1,802css_IncreaseDecreaseInAccruedExpensesAndOtherLongTermObligations
Net cash provided by operating activities-continuing operations 33,223us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 28,240us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 31,428us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Net cash used for operating activities-discontinued operations (232)us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations (410)us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations (1,565)us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
Net cash provided by operating activities 32,991us-gaap_NetCashProvidedByUsedInOperatingActivities 27,830us-gaap_NetCashProvidedByUsedInOperatingActivities 29,863us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:      
Maturities of investment securities 30,000us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities 0us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities 0us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities
Purchase of held-to-maturity investment securities (69,749)us-gaap_PaymentsToAcquireHeldToMaturitySecurities (29,862)us-gaap_PaymentsToAcquireHeldToMaturitySecurities 0us-gaap_PaymentsToAcquireHeldToMaturitySecurities
Purchase of businesses, net of cash received of $2,778 in 2015 (15,146)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Purchase of property, plant and equipment (3,924)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (5,024)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (4,494)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from disposition of product line, net 0css_NetProceedsFromDisposalOfPortionOfBusiness 0css_NetProceedsFromDisposalOfPortionOfBusiness 1,758css_NetProceedsFromDisposalOfPortionOfBusiness
Proceeds from sale of assets 26us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 8us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 17us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Net cash used for investing activities-continuing operations (58,793)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (34,878)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (2,719)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Net cash provided by investing activities-discontinued operations 0us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations 500us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations 4,500us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
Net cash (used for) provided by investing activities (58,793)us-gaap_NetCashProvidedByUsedInInvestingActivities (34,378)us-gaap_NetCashProvidedByUsedInInvestingActivities 1,781us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:      
Payment of financing transaction costs (112)us-gaap_PaymentsOfFinancingCosts 0us-gaap_PaymentsOfFinancingCosts 0us-gaap_PaymentsOfFinancingCosts
Dividends paid (5,878)us-gaap_PaymentsOfDividendsCommonStock (5,637)us-gaap_PaymentsOfDividendsCommonStock (5,731)us-gaap_PaymentsOfDividendsCommonStock
Purchase of treasury stock 0us-gaap_PaymentsForRepurchaseOfCommonStock (6,634)us-gaap_PaymentsForRepurchaseOfCommonStock (4,864)us-gaap_PaymentsForRepurchaseOfCommonStock
Proceeds from exercise of stock options 46us-gaap_ProceedsFromStockOptionsExercised 49us-gaap_ProceedsFromStockOptionsExercised 192us-gaap_ProceedsFromStockOptionsExercised
Payments for tax withholding on net restricted stock settlements (293)css_PaymentsForTaxWithholdingOnNetRestrictedStockSettlements (563)css_PaymentsForTaxWithholdingOnNetRestrictedStockSettlements (262)css_PaymentsForTaxWithholdingOnNetRestrictedStockSettlements
Tax effect of stock awards 268us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 425us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities (6)us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Net cash used for financing activities (5,969)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (12,360)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (10,671)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net (decrease) increase in cash and cash equivalents (31,771)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (18,908)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 20,973us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 68,200us-gaap_CashAndCashEquivalentsAtCarryingValue 87,108us-gaap_CashAndCashEquivalentsAtCarryingValue 66,135us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period $ 36,429us-gaap_CashAndCashEquivalentsAtCarryingValue $ 68,200us-gaap_CashAndCashEquivalentsAtCarryingValue $ 87,108us-gaap_CashAndCashEquivalentsAtCarryingValue