v3.20.2
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 27, 2020
Sep. 29, 2019
Operating activities:    
Net income $ 3,702 $ 2,858
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 370 357
Amortization of intangibles 403 427
Amortization of right of use assets 949 675
Deferred income taxes (28) 173
Gain on sale of property, plant and equipment (9)
Reserve for unrecognized tax liabilities 64 (224)
Stock-based compensation 186 140
Changes in assets and liabilities:    
Accounts receivable (994) 3,558
Inventories (1,459) (2,407)
Prepaid expenses 499 236
Other assets 2
Lease liabilities (811) (714)
Accounts payable 5,041 2,154
Accrued liabilities 366 (833)
Net cash provided by operating activities 8,288 6,393
Investing activities:    
Capital expenditures for property, plant and equipment (312) (237)
Proceeds from sale of property, plant and equipment 22
Net cash used in investing activities (312) (215)
Financing activities:    
Repayments under revolving line of credit (4,598) (20,601)
Borrowings under revolving line of credit 2,020 16,115
Proceeds from long-term debt 1,964
Purchase of treasury stock (17)
Issuance of common stock 1 1
Dividends paid (813) (1,619)
Net cash used in financing activities (1,426) (6,121)
Net increase in cash and cash equivalents 6,550 57
Cash and cash equivalents at beginning of period 282 143
Cash and cash equivalents at end of period 6,832 200
Supplemental cash flow information:    
Income taxes paid 1,447 797
Interest paid 14 32
Noncash financing activities:    
Property, plant and equipment purchased but unpaid (40) (61)
Dividends declared but unpaid $ (818) $ (813)

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