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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income (Loss) $ 8,329 $ (4,310)
Gain on sale of discontinued operations, net of income tax 0 (4)
Net Income (Loss) from continuing operations 8,329 (4,314)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 703 1,758
Gain on forgiveness of PPP loan (8,331) 0
Other (1,169) 1,741
Change in operating assets and liabilities:    
Accounts receivable (10,637) 2,202
Inventories (10,120) (1,942)
Accounts payable 2,721 (1,730)
Accrued expenses (3,782) (730)
Other (467) (2,611)
Net cash used in operating activities - continued operations (22,753) (5,626)
Net cash provided by operating activities - discontinued operations 0 4
Net cash used in operating activities (22,753) (5,622)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of marketable securities 0 (659)
Investment in unconsolidated entities (1,085) 0
Capital expenditures related to property & equipment (842) (1,708)
Capital expenditures related to assets on lease or held for lease 0 (85)
Other (449) 1,837
Net cash used in investing activities (2,376) (615)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from lines of credit 36,742 14,130
Payments on lines of credit (31,892) (22,257)
Proceeds from term loan 4,667 9,479
Payments on term loan (2,012) (4,875)
Proceeds from PPP loan 0 8,215
Proceeds received from issuance of Trust Preferred Securities ("TruPs") 7,810 0
Other 110 (1,030)
Net cash provided by financing activities 15,425 3,662
Effect of foreign currency exchange rates on cash and cash equivalents 51 (127)
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (9,653) (2,702)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD 15,927 15,571
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 6,274 $ 12,869