Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Mar. 31, 2021
Current assets:    
Cash and cash equivalents $ 41,445 $ 40,124
Accounts receivable, net of allowances of $2,177 and $2,074 as of March 31, 2022 and 2021, respectively 95,305 74,501
Inventories, net 71,650 63,790
Contract assets 19,626 11,379
Prepaid expenses and other current assets 11,786 8,784
Income tax receivable 4,626 8,231
Total current assets 244,438 206,809
Property, plant and equipment, net of depreciation and amortization of $63,954 and $55,555 as of March 31, 2022 and 2021, respectively 66,039 72,630
Goodwill 212,754 213,038
Intangible assets, net 94,908 103,784
Operating lease right-of-use assets 10,534 12,619
Deferred income taxes 1,211 2,586
Other long-term assets 6,785 6,412
Total assets 636,669 617,878
Current liabilities:    
Accounts payable 33,567 19,722
Accrued liabilities 26,971 23,888
Current portion of long-term debt 7,929 2,500
Contract liabilities 8,010 2,959
Lease liabilities 3,624 3,511
Income taxes payable 897 218
Total current liabilities 80,998 52,798
Long-term debt, net of current maturities and deferred debt issuance costs and debt discounts of $640 and $2,983 as of March 31, 2022 and 2021, respectively 120,431 143,017
Deferred income taxes 17,943 21,006
Non-current lease liabilities 9,659 12,373
Other non-current liabilities 8,434 9,812
Total liabilities 237,465 239,006
Equity    
Common stock: $.001 par value; 150,000,000 authorized; 33,364,722 and 33,225,808 shares issued and outstanding at March 31, 2022 and 2021, respectively 33 33
Preferred stock: $.001 par value; 10,000,000 authorized; no shares issued and outstanding 0 0
Additional paid in capital 234,549 231,322
Accumulated other comprehensive loss (38,906) (35,919)
Retained earnings 203,528 183,436
Total equity 399,204 378,872
Total liabilities and equity $ 636,669 $ 617,878