Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Mar. 31, 2015
Current assets:    
Cash and cash equivalents $ 61,672 $ 93,774
Accounts receivable, net of allowance for doubtful accounts of $903 and $785 as of September 30, 2015 and March 31, 2015, respectively 60,229 60,441
Inventories, net 45,390 41,008
Costs and estimated earnings in excess of billings on uncompleted contracts 5,970 6,804
Prepaid expenses and other current assets 8,260 5,128
Deferred income taxes 3,570 3,549
Total current assets 185,091 210,704
Property, plant and equipment, net 40,144 34,824
Goodwill 122,722 105,232
Intangible assets, net 109,905 100,813
Debt issuance costs, net 1,180 1,358
Other long term assets 346 378
Total assets 459,388 453,309
Current liabilities:    
Accounts payable 16,009 17,145
Accrued liabilities 12,794 17,417
Current portion of long term debt 13,500 13,500
Outstanding borrowings 5,000 0
Billings in excess of costs and estimated earnings on uncompleted contracts 2,770 2,366
Income taxes payable 1,432 2,710
Total current liabilities 51,505 53,138
Long-term debt, net of current maturities 87,750 94,500
Deferred income taxes 35,320 30,835
Other noncurrent liabilities 4,348 3,070
Total liabilities 178,923 181,543
Equity    
Common stock: $.001 par value; 150,000,000 authorized; 32,203,476 and 32,082,393 shares issued and outstanding at September 30, 2015 and March 31, 2015, respectively 32 32
Preferred stock: $.001 par value; 10,000,000 authorized; no shares issued and outstanding 0 0
Additional paid in capital 214,868 213,885
Accumulated other comprehensive income (48,826) (41,400)
Retained earnings (accumulated deficit) 110,574 99,249
Shareholders’ equity 276,648 271,766
Non-controlling interests 3,817 0
Total equity 280,465 271,766
Total liabilities and equity $ 459,388 $ 453,309