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, unless otherwise specified
 6 Months Ended
Sep. 28, 2014
Sep. 29, 2013
Operating activities:    
Net income $ 1,533 $ 1,964
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 152 151
Amortization of intangibles 377 369
Deferred income taxes (336) (334)
Stock-based compensation 427 356
Tax shortfall from stock-based compensation   (9)
Changes in assets and liabilities:    
Accounts receivable 2,768 4,709
Inventories (5,448) (4,103)
Prepaid expenses 304 723
Other assets (35) (1)
Accounts payable 2,960 (1,478)
Accrued liabilities 625 756
Net cash provided by operating activities 3,327 3,103
Investing activities:    
Capital expenditures for property, plant and equipment (120) (26)
Capitalized costs of internally developed intangible assets   (16)
Net cash used in investing activities (120) (42)
Financing activities:    
Repayments under revolving line of credit   (9,947)
Borrowings under revolving line of credit   9,947
Purchase of treasury stock   (223)
Issuance of common stock   153
Excess tax benefit from stock-based compensation 29 22
Dividends paid (1,593) (1,575)
Net cash used in financing activities (1,564) (1,623)
Net increase in cash and cash equivalents 1,643 1,438
Cash and cash equivalents at beginning of period 560 340
Cash and cash equivalents at end of period 2,203 1,778
Supplemental cash flow information:    
Income taxes paid, net of refunds received 2,056 1,809
Interest paid, net of interest received 2 21
Noncash financing activities:    
Dividends declared but unpaid (806) (789)
Compensation paid as common stock $ 354