Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Mar. 31, 2011
Current assets:    
Cash and cash equivalents $ 21,468 $ 51,266
Accounts receivable, net of allowance for doubtful accounts of $1,434 and $1,487 as of March 31, 2012 and 2011, respectively 50,037 40,013
Inventories, net 38,453 31,118
Costs and estimated earnings in excess of billings on uncompleted contracts 1,996 2,063
Income taxes receivable 5,193 2,462
Prepaid expenses and other current assets 6,853 7,633
Deferred income taxes 3,664 2,779
Total current assets 127,664 137,334
Property, plant and equipment, net 27,661 21,686
Goodwill 118,007 120,750
Intangibles, net 144,801 159,056
Debt issuance costs, net 7,446 11,573
Other noncurrent assets   633
Total assets 425,579 451,032
Current liabilities:    
Accounts payable 15,728 18,573
Accrued liabilities 22,442 28,972
Current portion of long term debt 21,000 21,000
Borrowings under revolving lines of credit   2,063
Billings in excess of costs and estimated earnings on uncompleted contracts 2,446 1,110
Income taxes payable 1,374 7,934
Obligations due to settle the CHS Transactions 3,528 4,213
Total current liabilities 66,518 83,865
Long-term debt, net of current maturities 118,145 189,000
Deferred income taxes 45,999 49,809
Other noncurrent liabilities 2,437 1,826
Common stock: $.001 par value; 150,000,000 authorized; 30,208,084 and 24,933,407 shares issued and outstanding at March 31, 2012 and 2011, respectively 30 25
Preferred stock: $.001 par value; 10,000,000 authorized; no shares issued and outstanding      
Additional paid in capital 191,998 131,416
Foreign currency translation adjustment 3,362 10,031
Accumulated deficit (2,910) (14,940)
Shareholders' equity 192,480 126,532
Total liabilities and shareholders' equity $ 425,579 $ 451,032