Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Cash Flows

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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Dec. 29, 2019
Dec. 30, 2018
Operating activities:    
Net income $ 4,953 $ 3,627
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 536 460
Amortization of intangibles 641 628
Amortization of right of use assets 1,110
Deferred income taxes 180 173
Gain on sale of property, plant and equipment (15)
Reserve for unrecognized tax liabilities (177) 133
Stock-based compensation 219 281
Changes in assets and liabilities:    
Accounts receivable 2,227 3,489
Inventories (4,106) (2,377)
Prepaid expenses (1,108) (313)
Other assets 2 23
Lease liabilities (1,076)
Accounts payable 3,601 3,869
Accrued liabilities 200 522
Net cash provided by operating activities 7,187 10,515
Investing activities:    
Capital expenditures for property, plant and equipment (379) (560)
Proceeds from sale of property, plant and equipment 27
Net cash used in investing activities (352) (560)
Financing activities:    
Repayments under revolving line of credit (35,302) (47,080)
Borrowings under revolving line of credit 30,816 39,487
Purchase of treasury stock (82) (95)
Issuance of common stock 63
Dividends paid (2,432) (2,419)
Net cash used in financing activities (6,937) (10,107)
Net decrease in cash and cash equivalents (102) (152)
Cash and cash equivalents at beginning of period 143 215
Cash and cash equivalents at end of period 41 63
Supplemental cash flow information:    
Income taxes paid 1,060 900
Interest paid 47 174
Noncash financing activities:    
Property, plant and equipment purchased but unpaid (62) (48)
Dividends declared but unpaid $ (3,355) $ (808)