Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Apr. 02, 2017
Apr. 03, 2016
Operating activities:    
Net income $ 5,572 $ 6,829
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 178 310
Amortization of intangibles 754 748
Deferred income taxes 697 165
Loss (gain) on sale of property, plant and equipment 5 (15)
Reserve for unrecognized tax benefits 199 211
Stock-based compensation 604 906
Tax shortfall from stock-based compensation (5)
Changes in assets and liabilities:    
Accounts receivable 5,182 1,575
Inventories (1,036) 683
Prepaid expenses (94) 217
Other assets 54 (60)
Accounts payable 509 168
Accrued liabilities (2,235) (716)
Net cash provided by operating activities 10,389 11,016
Investing activities:    
Capital expenditures for property, plant and equipment (191) (232)
Proceeds from sale of property, plant and equipment 31
Capital expenditures for purchased intangible assets (123)
Net cash used in investing activities (191) (324)
Financing activities:    
Purchase of treasury stock (947) (2,838)
Issuance of common stock 786 846
Excess tax benefit from stock-based compensation 278
Dividends paid (9,719) (3,211)
Net cash used in financing activities (9,880) (4,925)
Net increase in cash and cash equivalents 318 5,767
Cash and cash equivalents at beginning of period 7,574 1,807
Cash and cash equivalents at end of period 7,892 7,574
Supplemental cash flow information:    
Income taxes paid 3,037 4,107
Interest paid 2 56
Noncash financing activities:    
Dividends declared but unpaid (803) (3,303)
Compensation paid as common stock $ 108 $ 140