v3.20.2
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 28, 2020
Jun. 30, 2019
Operating activities:    
Net income $ 1,215 $ 1,079
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 187 179
Amortization of intangibles 209 214
Amortization of right of use assets 474 333
Deferred income taxes (173) (88)
Reserve for unrecognized tax liabilities 30 (273)
Stock-based compensation 86 65
Changes in assets and liabilities:    
Accounts receivable 2,731 5,301
Inventories 402 (915)
Prepaid expenses 183 94
Other assets 2
Lease liabilities (408) (352)
Accounts payable 1,582 2,463
Accrued liabilities 1,387 590
Net cash provided by operating activities 7,905 8,692
Investing activities:    
Capital expenditures for property, plant and equipment (50) (55)
Financing activities:    
Repayments under revolving line of credit (4,598) (13,575)
Borrowings under revolving line of credit 2,020 9,089
Proceeds from long-term debt 1,964
Purchase of treasury stock (17)
Dividends paid (813) (810)
Net cash used in financing activities (1,427) (5,313)
Net increase in cash and cash equivalents 6,428 3,324
Cash and cash equivalents at beginning of period 282 143
Cash and cash equivalents at end of period 6,710 3,467
Supplemental cash flow information:    
Income taxes paid 2 3
Interest paid 14 28
Noncash financing activities:    
Property, plant and equipment purchased but unpaid 19 24
Dividends declared but unpaid $ (810)

Source