Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.24.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Mar. 31, 2023
Current assets:    
Cash and cash equivalents $ 55,396 $ 35,635
Accounts receivable, net of allowances of $1,913 and $2,682 as of December 31, 2023 and March 31, 2023, respectively 120,624 97,627
Inventories, net 96,299 82,132
Contract assets 19,397 16,272
Prepaid expenses and other current assets 16,363 16,138
Income tax receivable 1,648 3,138
Total current assets 309,727 250,942
Property, plant and equipment, net of depreciation and amortization of $72,193 and $67,450 as of December 31, 2023 and March 31, 2023, respectively 67,932 63,288
Goodwill 268,538 219,612
Intangible assets, net 133,247 93,970
Operating lease right-of-use assets 14,482 13,570
Deferred income taxes 1,072 688
Other non-current assets 10,090 7,559
Total assets 805,088 649,629
Current liabilities:    
Accounts payable 26,611 27,330
Accrued liabilities 40,392 39,364
Current portion of long-term debt 15,945 10,222
Borrowings under revolving credit facility 32,500 14,500
Contract liabilities 15,414 8,483
Lease liabilities 3,429 3,364
Income taxes payable 5,448 6,809
Total current liabilities 139,739 110,072
Long-term debt, net 163,954 87,710
Deferred income taxes 10,835 12,084
Non-current lease liabilities 13,368 12,479
Other non-current liabilities 9,767 8,296
Total liabilities 337,663 230,641
Commitments and contingencies (Note 10)
Equity    
Common stock: $0.001 par value; 150,000,000 authorized; 33,711,599 and 33,508,076 shares issued and outstanding at December 31, 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 242,111 239,860
Accumulated other comprehensive loss (53,421) (58,100)
Retained earnings 278,701 237,195
Total equity 467,425 418,988
Total liabilities and equity $ 805,088 $ 649,629