Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Mar. 31, 2022
Current assets:    
Cash and cash equivalents $ 31,866 $ 41,445
Accounts receivable, net of allowances of $2,116 and $2,177 as of September 30, 2022, and March 31, 2022, respectively 100,557 95,305
Inventories, net 95,014 71,650
Contract assets 12,985 19,626
Prepaid expenses and other current assets 15,191 11,786
Income tax receivable 2,334 4,626
Total current assets 257,947 244,438
Property, plant and equipment, net 61,795 66,039
Goodwill 218,306 212,754
Intangible assets, net 97,197 94,908
Operating lease right-of-use assets 10,657 10,534
Deferred income taxes 819 1,211
Other non-current assets 7,558 6,785
Total assets 654,279 636,669
Current liabilities:    
Accounts payable 41,097 33,567
Accrued liabilities 24,111 26,971
Current portion of long term debt 9,321 7,929
Borrowings under revolving credit facility 29,000 0
Contract liabilities 12,225 8,010
Lease liabilities 3,358 3,624
Income taxes payable 1,864 897
Total current liabilities 120,976 80,998
Long-term debt, net 104,684 120,431
Deferred income taxes 14,571 17,943
Non-current lease liabilities 9,768 9,659
Other noncurrent liabilities 8,522 8,434
Total liabilities 258,521 237,465
Commitments and contingencies (Note 10)
Equity    
Common stock: $0.001 par value; 150,000,000 authorized; 33,483,608 and 33,364,722 shares issued and outstanding at September 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 236,407 234,549
Accumulated other comprehensive loss (61,751) (38,906)
Retained earnings 221,069 203,528
Total equity 395,758 399,204
Total liabilities and equity $ 654,279 $ 636,669