Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.3.0.15
Condensed Consolidated Balance Sheets (USD $)
In Thousands
Sep. 30, 2011
Mar. 31, 2011
Current assets:    
Cash and cash equivalents $ 13,192 $ 51,266
Accounts receivable, net of allowance for doubtful accounts of $1,571 and $1,487 as of September 30, 2011 and March 31, 2011, respectively 47,647 40,013
Inventories, net 35,677 31,118
Costs and estimated earnings in excess of billings on uncompleted contracts 1,925 2,063
Income taxes receivable 8,109 2,462
Prepaid expenses and other current assets 7,562 7,633
Deferred income taxes 1,887 2,779
Total current assets 115,999 137,334
Property, plant and equipment, net 24,071 21,686
Goodwill 116,202 120,750
Intangible assets, net 148,534 159,056
Debt issuance costs, net 7,809 11,573
Other noncurrent assets   633
Total assets 412,615 451,032
Current liabilities:    
Accounts payable 19,076 18,573
Accrued liabilities 18,460 28,972
Current portion of long term debt   21,000
Borrowings under revolving lines of credit 6,500 2,063
Billings in excess of costs and estimated earnings on uncompleted contracts 2,426 1,110
Income taxes payable   7,934
Obligations due to settle the CHS Transaction 3,687 4,213
Total current liabilities 50,149 83,865
Long-term debt, net of current maturities 143,410 189,000
Deferred income taxes 48,003 49,809
Other noncurrent liabilities 1,944 1,826
Common stock, 29,523,641 at September 30, 2011 and 24,933,407 at March 31, 2011, shares issued and outstanding $.001 par value, 150,000,000 authorized 30 25
Preferred stock, no shares issued and outstanding $.001 par value, 10,000,000 authorized    
Additional paid in capital 186,270 131,416
Foreign currency translation adjustment (1,099) 10,031
Accumulated deficit (16,092) (14,940)
Shareholders' equity 169,109 126,532
Total liabilities and shareholders' equity $ 412,615 $ 451,032