XML 21 R6.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 28, 2021
Mar. 29, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income (Loss) $ (8,742,900) $ (21,568,900) $ 5,545,800
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:      
Depreciation and amortization 3,744,500 4,026,100 3,618,900
Goodwill impairment   11,677,700  
Gain on sale of discontinued operations (3,020,800)    
Non-cash stock-based compensation expense 1,211,000 1,174,600 1,244,000
Deferred income taxes and other 3,032,500 (2,977,200) 665,200
Change in trade accounts receivable 12,676,000 11,097,800 (6,103,900)
Change in product inventory 9,279,900 2,697,400 477,600
Change in prepaid expenses and other current assets (2,007,600) (6,144,700) (1,073,700)
Change in other assets and other liabilities (3,304,200) (251,400) 938,900
Change in trade accounts payable (15,197,600) 905,300 5,073,600
Change in payroll, benefits and taxes 2,021,500 (1,671,200) (2,361,600)
Change in income and sales tax liabilities 353,100 (298,200) (1,590,200)
Change in accrued expenses and other current liabilities (729,600) 2,240,900 1,812,100
Net cash (used in) provided by operating activities (684,200) 908,200 8,246,700
CASH FLOWS FROM INVESTING ACTIVITIES      
Acquisition of property and equipment (806,100) (288,000) (2,855,200)
Proceeds from sale of discontinued operations 9,201,500    
Purchases of internal use software licenses eligible for capitalization (11,049,800) (6,557,700) (2,309,500)
Net cash used in investing activities (2,654,400) (6,845,700) (5,164,700)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net borrowings (repayments) from revolving line of credit short term (25,565,300) 11,185,800 3,542,700
Gross proceeds from borrowings from 2020 Revolving Credit Facility 137,868,500    
Repayments of borrowings on 2020 Revolving Credit Facility (107,283,900)    
Payments of debt issuance costs (698,300)    
Payments on long term debt   (2,300) (27,300)
Proceeds from issuance of stock 199,200 262,400 279,000
Proceeds from exercise of stock options   680,600  
Cash dividends paid   (5,287,200) (6,754,400)
Purchase of treasury stock and repurchase of stock from employees and directors for minimum tax withholdings (121,600) (882,100) (111,100)
Net cash provided by (used in) financing activities 4,398,600 5,957,200 (3,071,100)
Net increase in cash and cash equivalents 1,060,000 19,700 10,900
CASH AND CASH EQUIVALENTS, beginning of period 50,000 30,300 19,400
CASH AND CASH EQUIVALENTS, end of period $ 1,110,000 $ 50,000 $ 30,300