Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Mar. 31, 2022
Current assets:    
Cash and cash equivalents $ 40,035 $ 41,445
Accounts receivable, net of allowances of $2,242 and $2,177 as of June 30, 2022 and March 31, 2022, respectively 94,278 95,305
Inventories, net 86,226 71,650
Contract assets 12,668 19,626
Prepaid expenses and other current assets 12,394 11,786
Income tax receivable 1,967 4,626
Total current assets 247,568 244,438
Property, plant and equipment, net 64,579 66,039
Goodwill 226,495 212,754
Intangible assets, net 103,466 94,908
Operating lease right-of-use assets 10,897 10,534
Deferred income taxes 1,187 1,211
Other long-term assets 7,739 6,785
Total assets 661,931 636,669
Current liabilities:    
Accounts payable 38,071 33,567
Accrued liabilities 21,268 26,971
Current portion of long term debt 8,695 7,929
Borrowings under revolving credit facility 29,000 0
Contract liabilities 10,865 8,010
Lease liabilities 3,664 3,624
Income taxes payable 1,120 897
Total current liabilities 112,683 80,998
Long-term debt, net 112,554 120,431
Deferred income taxes 16,787 17,943
Non-current lease liabilities 9,833 9,659
Other noncurrent liabilities 8,822 8,434
Total liabilities 260,679 237,465
Commitments and contingencies (Note 10)
Equity    
Common stock: $0.001 par value; 150,000,000 authorized; 33,468,134 and 33,364,722 shares issued and outstanding at June 30, 2022 and March 31, 2022, respectively 33 33
Preferred stock: $0.001 par value; 10,000,000 authorized; no shares issued and outstanding 0 0
Additional paid in capital 235,190 234,549
Accumulated other comprehensive loss (44,056) (38,906)
Retained earnings 210,085 203,528
Total equity 401,252 399,204
Total liabilities and equity $ 661,931 $ 636,669