Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.23.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Mar. 31, 2022
Current assets:    
Cash and cash equivalents $ 35,635 $ 41,445
Accounts receivable, net of allowances of $2,682 and $2,177 as of March 31, 2023 and 2022, respectively 97,627 95,305
Inventories, net 82,132 71,650
Contract assets 16,272 19,626
Prepaid expenses and other current assets 16,138 11,786
Income tax receivable 3,138 4,626
Total current assets 250,942 244,438
Property, plant and equipment, net of depreciation and amortization of $67,450 and $63,954 as of March 31, 2023 and 2022, respectively 63,288 66,039
Goodwill 219,612 212,754
Intangible assets, net 93,970 94,908
Operating lease right-of-use assets 13,570 10,534
Deferred income taxes 688 1,211
Other non-current assets 7,559 6,785
Total assets 649,629 636,669
Current liabilities:    
Accounts payable 27,330 33,567
Accrued liabilities 39,364 26,971
Current portion of long-term debt 10,222 7,929
Borrowings under revolving credit facility 14,500 0
Contract liabilities 8,483 8,010
Lease liabilities 3,364 3,624
Income taxes payable 6,809 897
Total current liabilities 110,072 80,998
Long-term debt, net of current maturities and deferred debt issuance costs of $429 and $640 as of March 31, 2023 and 2022, respectively 87,710 120,431
Deferred income taxes 12,084 17,943
Non-current lease liabilities 12,479 9,659
Other non-current liabilities 8,296 8,434
Total liabilities 230,641 237,465
Equity    
Common stock: $.001 par value; 150,000,000 authorized; 33,508,076 and 33,364,722 shares issued and outstanding at March 31, 2023 and 2022, respectively 33 33
Preferred stock: $.001 par value; 10,000,000 authorized; no shares issued and outstanding 0 0
Additional paid-in capital 239,860 234,549
Accumulated other comprehensive loss (58,100) (38,906)
Retained earnings 237,195 203,528
Total equity 418,988 399,204
Total liabilities and equity $ 649,629 $ 636,669