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
 6 Months Ended
Sep. 27, 2015
Sep. 28, 2014
Operating activities:    
Net income $ 2,492 $ 1,533
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 157 152
Amortization of intangibles 371 377
Deferred income taxes 406 $ (336)
Gain on sale of property, plant and equipment (15)
Stock-based compensation 479 $ 427
Tax shortfall from stock-based compensation (3)
Changes in assets and liabilities:    
Accounts receivable 4,452 $ 2,768
Inventories (2,096) (5,448)
Prepaid expenses 721 304
Other assets (24) (35)
Accounts payable 1,909 2,960
Accrued liabilities (1,598) 625
Net cash provided by operating activities 7,251 3,327
Investing activities:    
Capital expenditures for property, plant and equipment (163) $ (120)
Proceeds from sale of property, plant and equipment 31
Capital expenditures for purchased intangible assets (123)
Net cash used in investing activities (255) $ (120)
Financing activities:    
Purchase of treasury stock (1,467)
Issuance of common stock 147
Excess tax benefit from stock-based compensation 267 $ 29
Dividends paid (1,611) (1,593)
Net cash used in financing activities (2,664) (1,564)
Net increase in cash and cash equivalents 4,332 1,643
Cash and cash equivalents at beginning of period 1,807 560
Cash and cash equivalents at end of period 6,139 2,203
Supplemental cash flow information:    
Income taxes paid, net of refunds received 2,548 2,056
Interest paid, net of interest received 9 2
Noncash financing activities:    
Dividends declared but unpaid (799) (806)
Compensation paid as common stock $ 140 $ 354