Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Cash Flows

v3.10.0.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Dec. 30, 2018
Dec. 31, 2017
Operating activities:    
Net income $ 3,627 $ 1,774
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 460 183
Amortization of intangibles 628 618
Deferred income taxes 173 585
Reserve for unrecognized tax benefits 133 268
Stock-based compensation 281 406
Changes in assets and liabilities:    
Accounts receivable 3,489 2,850
Inventories (2,377) (2,759)
Prepaid expenses (313) (198)
Other assets 23 9
Accounts payable 3,869 3,435
Accrued liabilities 522 1,463
Net cash provided by operating activities 10,515 8,634
Investing activities:    
Capital expenditures for property, plant and equipment (560) (160)
Payments for acquisitions, net of liabilities assumed (15,245)
Net cash used in investing activities (560) (15,405)
Financing activities:    
Repayments under revolving line of credit (47,080) (2,909)
Borrowings under revolving line of credit 39,487 5,220
Purchase of treasury stock (95) (56)
Payments on capital leases (845)
Dividends paid (2,419) (2,414)
Net cash used in financing activities (10,107) (1,004)
Net decrease in cash and cash equivalents (152) (7,775)
Cash and cash equivalents at beginning of period 215 7,892
Cash and cash equivalents at end of period 63 117
Supplemental cash flow information:    
Income taxes paid 900 1,068
Interest paid 174 8
Noncash financing activities:    
Property, plant and equipment purchased but unpaid (48)
Dividends declared but unpaid (808) (807)
Compensation paid as common stock $ 116