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
Oct. 02, 2016
Sep. 27, 2015
Operating activities:    
Net income $ 2,102 $ 2,492
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 94 157
Amortization of intangibles 377 371
Deferred income taxes 679 406
Gain on sale of property, plant and equipment (15)
Reserve for unrecognized tax benefits 90
Stock-based compensation 307 479
Tax shortfall from stock-based compensation (3)
Changes in assets and liabilities:    
Accounts receivable 4,897 4,452
Inventories (747) (2,096)
Prepaid expenses 644 721
Other assets 6 (24)
Accounts payable (4) 1,909
Accrued liabilities (1,536) (1,598)
Net cash provided by operating activities 6,909 7,251
Investing activities:    
Capital expenditures for property, plant and equipment (101) (163)
Proceeds from sale of property, plant and equipment 31
Capital expenditures for purchased intangible assets (123)
Net cash used in investing activities (101) (255)
Financing activities:    
Purchase of treasury stock (656) (1,467)
Issuance of common stock 595 147
Excess tax benefit from stock-based compensation 267
Dividends paid (4,102) (1,611)
Net cash used in financing activities (4,163) (2,664)
Net increase in cash and cash equivalents 2,645 4,332
Cash and cash equivalents at beginning of period 7,574 1,807
Cash and cash equivalents at end of period 10,219 6,139
Supplemental cash flow information:    
Income taxes paid 1,346 2,548
Interest paid 2 9
Noncash financing activities:    
Property, plant and equipment purchased but unpaid (51)
Dividends declared but unpaid (802) (799)
Compensation paid as common stock $ 108 $ 140