Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Mar. 31, 2012
Current assets:    
Cash and cash equivalents $ 43,847 $ 21,468
Accounts receivable, net of allowance for doubtful accounts of $1,141 and $1,434 as of March 31, 2013 and March 31, 2012, respectively 56,123 50,037
Inventories, net 34,391 38,453
Costs and estimated earnings in excess of billings on uncompleted contracts 3,515 1,996
Income taxes receivable 5,287 5,193
Prepaid expenses and other current assets 6,203 6,853
Deferred income taxes 2,211 3,664
Total current assets 151,577 127,664
Property, plant and equipment, net 31,211 27,661
Goodwill 116,303 118,007
Intangible assets, net 131,916 144,801
Debt issuance costs, net 4,373 7,446
Other long term assets 143 0
Total assets 435,523 425,579
Current liabilities:    
Accounts payable 20,370 15,728
Accrued liabilities 18,715 22,442
Current portion of long term debt 0 21,000
Billings in excess of costs and estimated earnings on uncompleted contracts 1,629 2,446
Income taxes payable 1,706 1,374
Obligations due to settle the CHS Transactions 3,239 3,528
Total current liabilities 45,659 66,518
Long-term debt, net of current maturities 118,145 118,145
Deferred income taxes 42,599 45,999
Other noncurrent liabilities 3,073 2,437
Common stock: $.001 par value; 150,000,000 authorized; 31,307,582 and 30,208,084 shares issued and outstanding at March 31, 2013 and March 31, 2012, respectively 31 30
Preferred stock: $.001 par value; 10,000,000 authorized; no shares issued and outstanding 0 0
Additional paid in capital 203,027 191,998
Accumulated other comprehensive income (loss) (1,075) 3,362
Retained earnings (accumulated deficit) 24,064 (2,910)
Shareholders’ equity 226,047 192,480
Total liabilities and shareholders' equity $ 435,523 $ 425,579