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
 9 Months Ended
Jan. 01, 2017
Dec. 27, 2015
Operating activities:    
Net income $ 3,963 $ 4,635
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 138 235
Amortization of intangibles 566 559
Deferred income taxes 669 404
Gain on sale of property, plant and equipment (15)
Reserve for unrecognized tax benefits 168 140
Stock-based compensation 456 691
Tax shortfall from stock-based compensation (5)
Changes in assets and liabilities:    
Accounts receivable 6,265 4,184
Inventories (1,590) (2,045)
Prepaid expenses (1,519) (521)
Income taxes receivable 78 (553)
Other assets (17) (52)
Accounts payable 2,967 2,488
Accrued liabilities (192) (618)
Net cash provided by operating activities 11,952 9,527
Investing activities:    
Capital expenditures for property, plant and equipment (152) (216)
Proceeds from sale of property, plant and equipment 31
Capital expenditures for purchased intangible assets (123)
Net cash used in investing activities (152) (308)
Financing activities:    
Purchase of treasury stock (861) (1,692)
Issuance of common stock 786 347
Excess tax benefit from stock-based compensation 278
Dividends paid (4,905) (2,410)
Net cash used in financing activities (4,980) (3,477)
Net increase in cash and cash equivalents 6,820 5,742
Cash and cash equivalents at beginning of period 7,574 1,807
Cash and cash equivalents at end of period 14,394 7,549
Supplemental cash flow information:    
Income taxes paid 1,367 2,603
Interest paid 2 5
Noncash financing activities:    
Dividends declared but unpaid (4,816) (800)
Compensation paid as common stock $ 108 $ 140