Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Mar. 31, 2023
Current assets:    
Cash and cash equivalents $ 30,532 $ 35,635
Accounts receivable, net of allowances of $2,812 and $2,682 as of September 30, 2023, and March 31, 2023, respectively 101,564 97,627
Inventories, net 92,550 82,132
Contract assets 27,259 16,272
Prepaid expenses and other current assets 16,865 16,138
Income tax receivable 1,109 3,138
Total current assets 269,879 250,942
Property, plant and equipment, net of depreciation and amortization of $70,610 and $67,450 as of September 30, 2023, and March 31, 2023, respectively 64,794 63,288
Goodwill 218,864 219,612
Intangible assets, net 88,018 93,970
Operating lease right-of-use assets 12,319 13,570
Deferred income taxes 703 688
Other non-current assets 9,146 7,559
Total assets 663,723 649,629
Current liabilities:    
Accounts payable 34,603 27,330
Accrued liabilities 30,585 39,364
Current portion of long-term debt 10,226 10,222
Borrowings under revolving credit facility 27,500 14,500
Contract liabilities 7,261 8,483
Lease liabilities 3,387 3,364
Income taxes payable 4,366 6,809
Total current liabilities 117,928 110,072
Long-term debt, net 72,599 87,710
Deferred income taxes 10,438 12,084
Non-current lease liabilities 11,389 12,479
Other non-current liabilities 9,063 8,296
Total liabilities 221,417 230,641
Commitments and contingencies (Note 10)
Equity    
Common stock: $0.001 par value; 150,000,000 authorized; 33,690,712 and 33,508,076 shares issued and outstanding at September 30, 2023 and March 31, 2023, respectively 34 33
Preferred stock: $0.001 par value; 10,000,000 authorized; no shares issued and outstanding 0 0
Additional paid in capital 240,833 239,860
Accumulated other comprehensive loss (61,424) (58,100)
Retained earnings 262,863 237,195
Total equity 442,306 418,988
Total liabilities and equity $ 663,723 $ 649,629