Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Mar. 31, 2013
Current assets:    
Cash and cash equivalents $ 72,640 $ 43,847
Accounts receivable, net of allowance for doubtful accounts of $751 and $1,141 as of March 31, 2014 and March 31, 2013, respectively 52,578 56,123
Inventories, net 37,316 34,391
Costs and estimated earnings in excess of billings on uncompleted contracts 2,880 3,515
Income taxes receivable 3,310 5,287
Prepaid expenses and other current assets 5,058 6,203
Deferred income taxes 2,325 2,211
Total current assets 176,107 151,577
Property, plant and equipment, net 31,532 31,211
Goodwill 114,112 116,303
Intangible assets, net 118,917 131,916
Debt issuance costs, net 1,528 4,373
Other long term assets 263 143
Total assets 442,459 435,523
Current liabilities:    
Accounts payable 17,066 20,370
Accrued liabilities 9,869 18,715
Current portion of long term debt 13,500 0
Billings in excess of costs and estimated earnings on uncompleted contracts 1,749 1,629
Income taxes payable 956 1,706
Obligations due to settle the CHS Transactions 567 3,239
Total current liabilities 43,707 45,659
Long-term debt, net of current maturities 108,000 118,145
Deferred income taxes 37,896 42,599
Other noncurrent liabilities 2,390 3,073
Common stock: $.001 par value; 150,000,000 authorized; 31,920,865 and 31,307,582 shares issued and outstanding at March 31, 2014 and March 31, 2013, respectively 32 31
Preferred stock: $.001 par value; 10,000,000 authorized; no shares issued and outstanding 0 0
Additional paid in capital 208,451 203,027
Accumulated other comprehensive loss (7,880) (1,075)
Retained earnings 49,863 24,064
Shareholders’ equity 250,466 226,047
Total liabilities and shareholders' equity $ 442,459 $ 435,523