Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Mar. 31, 2011
Current assets:    
Cash and cash equivalents $ 19,776 $ 51,266
Accounts receivable, net of allowance for doubtful accounts of $1,405 and $1,487 as of December 31, 2011 and March 31, 2011, respectively 46,187 40,013
Inventories, net 40,143 31,118
Costs and estimated earnings in excess of billings on uncompleted contracts 2,283 2,063
Income taxes receivable 6,328 2,462
Prepaid expenses and other current assets 7,065 7,633
Deferred income taxes 1,684 2,779
Total current assets 123,466 137,334
Property, plant and equipment, net 25,381 21,686
Goodwill 116,438 120,750
Intangible assets, net 145,999 159,056
Debt issuance costs, net 7,472 11,573
Other noncurrent assets   633
Total assets 418,756 451,032
Current liabilities:    
Accounts payable 21,592 18,573
Accrued liabilities 15,525 28,972
Current portion of long term debt   21,000
Borrowings under revolving lines of credit 9,000 2,063
Billings in excess of costs and estimated earnings on uncompleted contracts 2,634 1,110
Income taxes payable   7,934
Obligations due to settle the CHS Transaction 3,550 4,213
Total current liabilities 52,301 83,865
Long-term debt, net of current maturities 139,145 189,000
Deferred income taxes 47,553 49,809
Other noncurrent liabilities 1,967 1,826
Common stock, 29,830,689 at December 31, 2011 and 24,933,407 at March 31, 2011, shares issued and outstanding $.001 par value, 150,000,000 authorized 30 25
Preferred stock, no shares issued and outstanding $.001 par value, 10,000,000 authorized      
Additional paid in capital 187,906 131,416
Foreign currency translation adjustment (987) 10,031
Accumulated deficit (9,159) (14,940)
Shareholders' equity 177,790 126,532
Total liabilities and shareholders' equity $ 418,756 $ 451,032