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
Jul. 03, 2016
Jun. 28, 2015
Operating activities:    
Net income $ 1,103 $ 927
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 48 79
Amortization of intangibles 189 182
Deferred income taxes 239 (111)
Reserve for unrecognized tax benefits 40
Stock-based compensation 161 256
Changes in assets and liabilities:    
Accounts receivable 7,099 6,091
Inventories (1,998) (2,662)
Prepaid expenses 283 279
Other assets 5 (1)
Accounts payable 986 2,988
Accrued liabilities 143 (332)
Net cash provided by operating activities 8,298 7,696
Investing activities:    
Capital expenditures for property, plant and equipment (101) (56)
Capital expenditures for purchased intangible assets (123)
Net cash used in investing activities (101) (179)
Financing activities:    
Purchase of treasury stock (211) (360)
Issuance of common stock 191
Excess tax benefit from stock-based compensation 81
Dividends paid (3,303) (805)
Net cash used in financing activities (3,323) (1,084)
Net increase in cash and cash equivalents 4,874 6,433
Cash and cash equivalents at beginning of period 7,574 1,807
Cash and cash equivalents at end of period 12,448 8,240
Supplemental cash flow information:    
Income taxes paid 825 1,174
Interest paid 2 (4)
Noncash financing activities:    
Dividends declared but unpaid (799) (806)
Compensation paid as common stock $ 108 $ 140