Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Operating activities    
Net income $ 6,625 $ 11,635
Adjustment to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 16,488 13,202
Amortization of deferred debt issuance costs 433 298
Amortization of inventory step-up 362 0
Loss on extinguishment of debt 376 0
Stock compensation expense 2,627 2,658
Deferred income taxes (7,617) (2,794)
Long term foreign exchange derivative 4,874 0
Remeasurement (gain) on intercompany balances (2,671) (621)
Changes in operating assets and liabilities:    
Accounts receivable (4,848) (724)
Inventories (9,101) 1,177
Costs and estimated earnings in excess of billings on uncompleted contracts (6,842) 437
Other current and noncurrent assets (3,058) (52)
Accounts payable 2,617 (4,168)
Accrued liabilities and noncurrent liabilities 8,769 (6,161)
Income taxes payable and receivable 2,154 (2,432)
Net cash provided by operating activities 11,188 12,455
Investing activities    
Purchases of property, plant and equipment (6,182) (5,426)
Sale of rental equipment at net book value 461 312
Proceeds from sale of property, plant and equipment 8 811
Cash paid for acquisitions (net of cash acquired) (202,693) 0
Purchases of investments (8,090) (36,972)
Proceeds from the sale of investments 53,132 0
Net cash provided by (used in) investing activities (163,364) (41,275)
Financing activities    
Proceeds from senior secured notes 250,000 0
Proceeds from revolving credit facility 10,000 0
Payments on long term debt and revolving credit facility (91,000) (10,125)
Issuance costs associated with revolving line of credit and long term debt (9,611) 0
Proceeds from exercise of stock options 239 129
Repurchase of employee stock units on vesting (471) (571)
Lease financing (193) (156)
Net cash provided by (used in) financing activities 158,964 (10,723)
Effect of exchange rate changes on cash and cash equivalents 1,541 (3,005)
Change in cash and cash equivalents 8,329 (42,548)
Cash and cash equivalents at beginning of period 51,171 42,022
Cash and cash equivalents at end of period $ 51,171 $ 42,022