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. 01, 2017
Oct. 02, 2016
Operating activities:    
Net income $ 1,243 $ 2,102
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 96 94
Amortization of intangibles 429 377
Deferred income taxes 102 679
Reserve for unrecognized tax benefits 64 90
Stock-based compensation 277 307
Changes in assets and liabilities:    
Accounts receivable 2,797 4,897
Inventories 17 (747)
Prepaid expenses 732 644
Other assets 6
Accounts payable (73) (4)
Accrued liabilities 997 (1,536)
Net cash provided by operating activities 6,681 6,909
Investing activities:    
Capital expenditures for property, plant and equipment (98) (101)
Payment for acquisition, net of liabilities assumed (8,725)
Net cash used in investing activities (8,823) (101)
Financing activities:    
Purchase of treasury stock (56) (656)
Issuance of common stock 595
Payments on capital leases (845)
Dividends paid (1,607) (4,102)
Net cash used in financing activities (2,508) (4,163)
Net (decrease) increase in cash and cash equivalents (4,650) 2,645
Cash and cash equivalents at beginning of period 7,892 7,574
Cash and cash equivalents at end of period 3,242 10,219
Supplemental cash flow information:    
Income taxes paid 1,055 1,346
Interest paid 2 2
Noncash financing activities:    
Property, plant and equipment purchased but unpaid (51)
Dividends declared but unpaid (807) (802)
Compensation paid as common stock $ 116 $ 108