Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Mar. 31, 2014
Current assets:    
Cash and cash equivalents $ 82,129 $ 72,640
Accounts receivable, net of allowance for doubtful accounts of $858 and $1,434 as of December 31, 2012 and March 31, 2012, respectively 64,308 52,578
Inventories, net 41,316 37,316
Costs and estimated earnings in excess of billings on uncompleted contracts 3,583 2,880
Income taxes receivable 3,309 3,310
Prepaid expenses and other current assets 7,054 5,058
Deferred income taxes 2,245 2,325
Total current assets 203,944 176,107
Property, plant and equipment, net 32,141 31,532
Goodwill 111,724 114,112
Intangible assets, net 111,416 118,917
Debt issuance costs, net 1,583 1,528
Other long term assets 302 263
Total assets 461,110 442,459
Current liabilities:    
Accounts payable 22,982 17,066
Accrued liabilities 12,426 9,869
Current portion of long term debt 13,500 13,500
Billings in excess of costs and estimated earnings on uncompleted contracts 2,053 1,749
Income taxes payable 3,193 956
Obligations due to settle the CHS Transactions 567 567
Total current liabilities 54,721 43,707
Long-term debt, net of current maturities 101,250 108,000
Deferred income taxes 32,480 37,896
Other noncurrent liabilities 2,335 2,390
Total liabilities 190,786 191,993
Shareholders' equity    
Common stock: $.001 par value; 150,000,000 authorized; 32,060,719 and 31,920,865 shares issued and outstanding at September 30, 2014 and March 31, 2014, respectively 32 32
Preferred stock: $.001 par value; 10,000,000 authorized; no shares issued and outstanding 0 0
Additional paid in capital 211,728 208,451
Accumulated other comprehensive income (14,581) (7,880)
Retained earnings (accumulated deficit) 73,145 49,863
Shareholders’ equity 270,324 250,466
Total liabilities and shareholders' equity $ 461,110 $ 442,459