v3.10.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities    
Net income $ 6,703 $ 5,792
Adjustment to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 15,826 9,544
Amortization of deferred debt issuance costs 734 174
Amortization of inventory step-up 172 0
Stock compensation expense 2,089 1,732
Deferred income taxes (2,010) (1,195)
Long term cross currency swap (634) 0
Remeasurement loss on intercompany balances 1,800 122
Changes in operating assets and liabilities:    
Accounts receivable 9,463 9,433
Inventories (11,862) (8,418)
Contract assets (6,301) (5,783)
Other current and noncurrent assets (4,928) (2,950)
Accounts payable 252 3,733
Accrued liabilities and noncurrent liabilities (4,915) 539
Income taxes payable and receivable (4,273) 171
Net cash provided by operating activities 2,116 12,894
Investing activities    
Purchases of property, plant and equipment (5,702) (4,887)
Sale of rental equipment at net book value 522 169
Proceeds from sale of property, plant and equipment 23 8
Purchases of investments 0 (8,283)
Proceeds from the sale of investments 958 49,310
Net cash provided by (used in) investing activities (4,199) 36,317
Financing activities    
Proceeds from revolving credit facility 22,009 4,000
Payments on long term debt and revolving credit facility (17,790) (14,125)
Purchase of shares from non-controlling interests (5,665) 0
Proceeds from exercise of stock options 233 106
Repurchase of employee stock units on vesting (559) (463)
Payments on lease financing (122) (125)
Net cash used in financing activities (1,894) (10,607)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1,459) 2,283
Cash and cash equivalents at end of period 28,481  
Cash, cash equivalents and restricted cash at beginning of period 36,327 44,293
Cash, cash equivalents and restricted cash at end of period 30,891 85,180
Change in cash, cash equivalents and restricted cash $ (5,436) $ 40,887

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