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. 02, 2017
Jul. 03, 2016
Operating activities:    
Net income $ 518 $ 1,103
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 36 48
Amortization of intangibles 189 189
Deferred income taxes 40 239
Reserve for unrecognized tax benefits 30 40
Stock-based compensation 142 161
Changes in assets and liabilities:    
Accounts receivable 2,528 7,099
Inventories 263 (1,998)
Prepaid expenses (19) 283
Other assets (1) 5
Accounts payable 266 986
Accrued liabilities 934 143
Net cash provided by operating activities 4,926 8,298
Investing activities:    
Capital expenditures for property, plant and equipment (56) (101)
Net cash used in investing activities (56) (101)
Financing activities:    
Purchase of treasury stock (56) (211)
Issuance of common stock 191
Dividends paid (803) (3,303)
Net cash used in financing activities (859) (3,323)
Net increase in cash and cash equivalents 4,011 4,874
Cash and cash equivalents at beginning of period 7,892 7,574
Cash and cash equivalents at end of period 11,903 12,448
Supplemental cash flow information:    
Income taxes paid 3 825
Interest paid 2
Noncash financing activities:    
Dividends declared but unpaid (805) (799)
Compensation paid as common stock $ 116 $ 108