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. 31, 2017
Jan. 01, 2017
Operating activities:    
Net income $ 1,774 $ 3,963
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 183 138
Amortization of intangibles 618 566
Deferred income taxes 585 669
Reserve for unrecognized tax benefits 268 168
Stock-based compensation 406 456
Changes in assets and liabilities:    
Accounts receivable 2,850 6,343
Inventories (2,759) (1,590)
Prepaid expenses (198) (1,519)
Other assets 9 (17)
Accounts payable 3,435 2,967
Accrued liabilities 1,463 (192)
Net cash provided by operating activities 8,634 11,952
Investing activities:    
Capital expenditures for property, plant and equipment (160) (152)
Payment for acquisitions, net of liabilities assumed (15,245)
Net cash used in investing activities (15,405) (152)
Financing activities:    
Repayments under revolving line of credit (2,909)
Borrowings under revolving line of credit 5,220
Purchase of treasury stock (56) (861)
Issuance of common stock 786
Payments on capital leases (845)
Dividends paid (2,414) (4,905)
Net cash used in financing activities (1,004) (4,980)
Net (decrease) increase in cash and cash equivalents (7,775) 6,820
Cash and cash equivalents at beginning of period 7,892 7,574
Cash and cash equivalents at end of period 117 14,394
Supplemental cash flow information:    
Income taxes paid 1,068 1,367
Interest paid 8 2
Noncash financing activities:    
Dividends declared but unpaid (807) (4,816)
Compensation paid as common stock $ 116 $ 108