v3.19.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2019
Apr. 01, 2018
Operating activities:    
Net income $ 5,019 $ 3,021
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 640 333
Amortization of intangibles 840 836
Deferred income taxes 8 708
Loss on sale of property, plant and equipment 2
Reserve for unrecognized tax liabilities 177 329
Stock-based compensation 377 539
Changes in assets and liabilities:    
Accounts receivable 726 (2,884)
Inventories 254 297
Prepaid expenses 23 655
Other assets 23 19
Accounts payable 402 (1,702)
Accrued liabilities 485 300
Net cash provided by operating activities 8,974 2,453
Investing activities:    
Capital expenditures for property, plant and equipment (751) (221)
Payments for acquisitions, net of liabilities assumed (15,245)
Net cash used in investing activities (751) (15,466)
Financing activities:    
Repayments under revolving line of credit (63,134) (15,913)
Borrowings under revolving line of credit 58,162 25,371
Purchase of treasury stock (95) (56)
Payments on capital leases (845)
Dividends paid (3,228) (3,221)
Net cash (used in) provided by financing activities (8,295) 5,336
Net decrease in cash and cash equivalents (72) (7,677)
Cash and cash equivalents at beginning of period 215 7,892
Cash and cash equivalents at end of period 143 215
Supplemental cash flow information:    
Income taxes paid 1,673 1,671
Interest paid 237 67
Noncash financing activities:    
Property, plant and equipment purchased but unpaid (33)
Dividends declared but unpaid (810) (807)
Compensation paid as common stock $ 116

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