v3.20.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 29, 2020
Mar. 31, 2019
Operating activities:    
Net income $ 6,561 $ 5,019
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 716 640
Amortization of intangibles 855 840
Amortization of right of use assets 1,593
Deferred income taxes 85 8
Gain on sale of property, plant and equipment (15)
Reserve for unrecognized tax liabilities (473) 177
Stock-based compensation 297 377
Changes in assets and liabilities:    
Accounts receivable (31) 726
Inventories 1,802 254
Prepaid expenses 6 23
Other assets 2 23
Lease liabilities (1,438)
Accounts payable (1,330) 402
Accrued liabilities (98) 485
Net cash provided by operating activities 8,532 8,974
Investing activities:    
Capital expenditures for property, plant and equipment (705) (751)
Proceeds from sale of property, plant and equipment 27
Net cash used in investing activities (678) (751)
Financing activities:    
Repayments under revolving line of credit (50,955) (63,134)
Borrowings under revolving line of credit 49,047 58,162
Purchase of treasury stock (82) (95)
Issuance of common stock 63
Dividends paid (5,788) (3,228)
Net cash used in financing activities (7,715) (8,295)
Net increase (decrease) in cash and cash equivalents 139 (72)
Cash and cash equivalents at beginning of period 143 215
Cash and cash equivalents at end of period 282 143
Supplemental cash flow information:    
Income taxes paid 1,680 1,673
Interest paid 80 237
Noncash financing activities:    
Property, plant and equipment purchased but unpaid (101) (33)
Dividends declared but unpaid $ (813) $ (810)

Source