v3.19.3
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 29, 2019
Sep. 30, 2018
Operating activities:    
Net income $ 2,858 $ 2,073
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 357 293
Amortization of intangibles 427 414
Amortization of right of use assets 675
Deferred income taxes 173 105
Gain on sale of property, plant and equipment (9)
Reserve for unrecognized tax liabilities (224) 105
Stock-based compensation 140 197
Changes in assets and liabilities:    
Accounts receivable 3,558 1,840
Inventories (2,407) 8
Prepaid expenses 236 (10)
Other assets 2 1
Lease liabilities (714)
Accounts payable 2,154 2,532
Accrued liabilities (833) (425)
Net cash provided by operating activities 6,393 7,133
Investing activities:    
Capital expenditures for property, plant and equipment (237) (406)
Proceeds from sale of property, plant and equipment 22
Net cash used in investing activities (215) (406)
Financing activities:    
Repayments under revolving line of credit (20,601) (29,924)
Borrowings under revolving line of credit 16,115 24,843
Purchase of treasury stock (17) (95)
Issuance of common stock 1
Dividends paid (1,619) (1,612)
Net cash used in financing activities (6,121) (6,788)
Net increase (decrease) in cash and cash equivalents 57 (61)
Cash and cash equivalents at beginning of period 143 215
Cash and cash equivalents at end of period 200 154
Supplemental cash flow information:    
Income taxes paid 797 637
Interest paid 32 142
Noncash financing activities:    
Property, plant and equipment purchased but unpaid (61) (15)
Dividends declared but unpaid $ (813) $ (808)

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