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
 3 Months Ended
Jun. 28, 2015
Jun. 29, 2014
Operating activities:    
Net income $ 927 $ 703
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 79 80
Amortization of intangibles 182 194
Deferred income taxes (111) (298)
Stock-based compensation 256 215
Changes in assets and liabilities:    
Accounts receivable 6,091 6,913
Inventories (2,662) (4,435)
Prepaid expenses 279 424
Other assets (1) (14)
Accounts payable 2,988 2,522
Accrued liabilities (332) 179
Net cash provided by operating activities 7,696 6,483
Investing activities:    
Capital expenditures for property, plant and equipment (56) $ (45)
Capital expenditures for purchased intangible assets (123)  
Net cash used in investing activities (179) $ (45)
Financing activities:    
Purchase of treasury stock (360)  
Excess tax benefit from stock-based compensation 81 $ 10
Dividends paid (805) (789)
Net cash used in financing activities (1,084) (779)
Net increase in cash and cash equivalents 6,433 5,659
Cash and cash equivalents at beginning of period 1,807 560
Cash and cash equivalents at end of period 8,240 6,219
Supplemental cash flow information:    
Income taxes paid, net of refunds received 1,174 804
Interest paid, net of interest received (4) 3
Noncash financing activity:    
Dividends declared but unpaid (806) (804)
Compensation paid as common stock $ 140 $ 354