v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Mar. 31, 2023
Current assets:    
Cash and cash equivalents $ 33,174 $ 35,635
Accounts receivable, net of allowances of $2,695 and $2,682 as of June 30, 2023, and March 31, 2023, respectively 91,628 97,627
Inventories, net 92,892 82,132
Contract assets 22,174 16,272
Prepaid expenses and other current assets 240 3,138
Income tax receivable 15,474 16,138
Total current assets 255,582 250,942
Property, plant and equipment, net of depreciation and amortization of $69,377 and $67,450 as of June 30, 2023, and March 31, 2023, respectively 64,799 63,288
Goodwill 221,908 219,612
Intangible assets, net 92,645 93,970
Operating lease right-of-use assets 12,835 13,570
Deferred income taxes 679 688
Other non-current assets 8,677 7,559
Total assets 657,125 649,629
Current liabilities:    
Accounts payable 28,315 27,330
Accrued liabilities 31,740 39,364
Current portion of long-term debt 10,315 10,222
Borrowings under revolving credit facility 22,500 14,500
Contract liabilities 8,505 8,483
Lease liabilities 3,394 3,364
Income taxes payable 5,283 6,809
Total current liabilities 110,052 110,072
Long-term debt, net 80,356 87,710
Deferred income taxes 11,495 12,084
Non-current lease liabilities 12,014 12,479
Other non-current liabilities 9,259 8,296
Total liabilities 223,176 230,641
Commitments and contingencies (Note 10)
Equity    
Common stock: $0.001 par value; 150,000,000 authorized; 33,680,965 and 33,508,076 shares issued and outstanding at June 30, 2023 and March 31, 2023, respectively 33 33
Preferred stock: $0.001 par value; 10,000,000 authorized; no shares issued and outstanding 0 0
Additional paid in capital 239,413 239,860
Accumulated other comprehensive loss (53,630) (58,100)
Retained earnings 248,133 237,195
Total equity 433,949 418,988
Total liabilities and equity $ 657,125 $ 649,629

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