v3.10.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Operating activities    
Net income $ 16,420 $ 6,625
Adjustment to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 23,026 16,488
Amortization of deferred debt issuance costs 1,047 433
Amortization of inventory step-up 171 362
Loss on extinguishment of debt 0 (376)
Stock compensation expense 3,130 2,627
Deferred income taxes (1,411) (7,617)
Long term cross currency swap (5,564) 4,874
Remeasurement loss/(gain) on intercompany balances 6,075 (2,671)
Changes in operating assets and liabilities:    
Accounts receivable (10,326) (4,848)
Inventories (8,314) (9,101)
Contract assets (7,354) (6,842)
Other current and non-current assets (6,329) (2,771)
Accounts payable 2,995 2,617
Accrued liabilities and non-current liabilities (941) 8,769
Income taxes payable and receivable (2,779) 2,154
Net cash provided by operating activities 9,846 11,475
Investing activities    
Purchases of property, plant and equipment (8,808) (6,182)
Sale of rental equipment 678 461
Proceeds from sale of property, plant and equipment 23 8
Cash paid for acquisitions (net of cash acquired) 0 202,693
Purchases of investments 0 (8,090)
Proceeds from the sale of investments 955 53,132
Net cash used in investing activities (7,152) (163,364)
Financing activities    
Proceeds from senior secured notes 0 250,000
Proceeds from revolving credit facility 22,009 10,000
Payments on long term debt and revolving credit facility (20,307) (91,000)
Issuance costs associated with revolving line of credit and long term debt (5,665) (9,611)
Proceeds from exercise of stock options 233 239
Repurchase of employee stock units on vesting (572) (471)
Payments on lease financing (170) (193)
Net cash provided by (used in) financing activities (4,472) 158,964
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1,923) 1,541
Cash, cash equivalents and restricted cash at beginning of period 36,327 44,292
Cash, cash equivalents and restricted cash at end of period 32,626  
Change in cash, cash equivalents and restricted cash $ (3,701) $ 8,616

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