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, unless otherwise specified
 3 Months Ended
Jun. 29, 2014
Jun. 30, 2013
Operating activities:    
Net income $ 703 $ 822
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 80 76
Amortization of intangibles 194 183
Deferred income taxes (298) 1
Stock-based compensation 215 193
Tax shortfall from stock-based compensation   (4)
Changes in assets and liabilities:    
Accounts receivable 6,913 6,828
Inventories (4,435) (4,187)
Prepaid expenses 424 74
Other assets (14)  
Accounts payable 2,522 (917)
Accrued liabilities 179 306
Net cash provided by operating activities 6,483 3,375
Investing activities:    
Capital expenditures for property, plant and equipment (45) (19)
Capitalized costs of internally developed intangible assets   (16)
Net cash used in investing activities (45) (35)
Financing activities:    
Repayments under revolving line of credit   (9,947)
Borrowings under revolving line of credit   9,947
Purchase of treasury stock   (55)
Issuance of common stock   51
Excess tax benefit from stock-based compensation 10  
Dividends paid (789) (786)
Net cash used in financing activities (779) (790)
Net increase in cash and cash equivalents 5,659 2,550
Cash and cash equivalents at beginning of period 560 340
Cash and cash equivalents at end of period 6,219 2,890
Supplemental cash flow information:    
Income taxes paid, net of refunds received 804 705
Interest paid, net of interest received 3 12
Noncash financing activity:    
Dividends declared but unpaid (804) (786)
Compensation paid in common stock $ 354