v3.22.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities    
Net income/(loss) $ 6,556 $ (340)
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:    
Depreciation and amortization 4,895 5,291
Amortization of deferred debt issuance costs 77 223
Stock compensation expense 1,193 1,178
Deferred income taxes (682) 491
Reserve for uncertain tax positions, net 19 19
(Gain)/Loss on long-term cross currency swap 0 61
Remeasurement (gain)/loss on intercompany balances (414) (1,493)
Loss on sale of business, net of cash surrendered 0 311
Changes in operating assets and liabilities:    
Accounts receivable 1,323 1,209
Inventories (9,830) 39
Contract assets 8,829 (3,456)
Other current and non-current assets (531) (691)
Accounts payable 3,485 2,501
Accrued liabilities and non-current liabilities (5,977) (1,628)
Income taxes payable and receivable 2,917 (1,238)
Net cash provided by/(used in) operating activities 11,860 2,477
Investing activities    
Purchases of property, plant and equipment (1,617) (873)
Sale of rental equipment 63 21
Cash paid for acquisitions, net of cash acquired (35,339) 0
Net cash provided by/(used in) in investing activities (36,893) (852)
Financing activities    
Proceeds from revolving credit facility 32,000 7,959
Payments on long-term debt and revolving credit facility (8,654) (8,759)
Proceeds from exercise of stock options 0 97
Repurchase of employee stock units on vesting (552) (548)
Payments on finance leases (31) (40)
Net cash provided by/(used in) financing activities 22,763 (1,291)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 1,031 604
Change in cash, cash equivalents and restricted cash (1,239) 938
Cash, cash equivalents and restricted cash at beginning of period 43,931 42,450
Cash, cash equivalents and restricted cash at end of period $ 42,692 $ 43,388

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