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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2015
Mar. 31, 2015
CURRENT ASSETS:    
Cash $ 23,809 $ 22,806
Accounts receivable (net of allowance for doubtful accounts of $616 at September 30, 2015 and $568 at March 31, 2015) 18,299 22,334
Inventories – net 26,099 19,427
Income tax receivable   354
Prepaid expenses and other current assets 1,855 1,681
Deferred income taxes 7,186 8,139
Total current assets 77,248 74,741
PROPERTY:    
Property and equipment 21,280 20,502
Less accumulated depreciation and amortization 15,469 14,804
Property – net 5,811 5,698
OTHER ASSETS:    
Deferred income taxes – net 3,793 3,821
Goodwill 402 402
Real estate held for sale 3,800 3,800
Qualification units and pre-qualification assets – net 3,405 3,533
Other 5,408 4,983
Total other assets 16,808 16,539
TOTAL ASSETS 99,867 96,978
CURRENT LIABILITIES:    
Accounts payable – trade 6,664 6,521
Accrued compensation 1,901 2,884
Accrued income taxes 800 2,924
Other current liabilities 6,021 5,938
Total current liabilities 15,386 18,267
OTHER LONG-TERM LIABILITIES $ 10,981 $ 11,596
COMMITMENTS AND CONTINGENCIES (Note 14)
TOTAL LIABILITIES $ 26,367 $ 29,863
STOCKHOLDERS’ EQUITY    
Preferred stock – authorized, 300,000 shares; none issued
Common stock – authorized, 100,000,000 shares of $.01 par value; issued, 10,368,351 shares at September 30, 2015 and 10,265,707 shares at March 31, 2015 $ 103 $ 102
Additional paid-in capital 101,564 100,454
Accumulated deficit (21,127) (26,437)
Accumulated other comprehensive income 37 37
Stockholders' equity before treasury stock 80,577 74,156
Less treasury stock, at cost – 454,109 shares at September 30, 2015 and 450,802 shares at March 31, 2015 (7,077) (7,041)
Total stockholders’ equity 73,500 67,115
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY $ 99,867 $ 96,978