Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.4
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Mar. 31, 2022
Current assets:    
Cash and cash equivalents $ 35,363 $ 41,445
Accounts receivable, net of allowances of $3,344 and $2,177 as of December 31, 2022, and March 31, 2022, respectively 92,380 95,305
Inventories, net 91,418 71,650
Contract assets 16,597 19,626
Prepaid expenses and other current assets 15,981 11,786
Income tax receivable 1,469 4,626
Total current assets 253,208 244,438
Property, plant and equipment, net of depreciation and amortization of $67,024 and $63,954 as of December 31, 2022, and March 31, 2022, respectively 61,039 66,039
Goodwill 221,195 212,754
Intangible assets, net 96,162 94,908
Operating lease right-of-use assets 10,377 10,534
Deferred income taxes 778 1,211
Other non-current assets 7,336 6,785
Total assets 650,095 636,669
Current liabilities:    
Accounts payable 30,003 33,567
Accrued liabilities 28,234 26,971
Current portion of long-term debt 10,219 7,929
Borrowings under revolving credit facility 24,500 0
Contract liabilities 9,780 8,010
Lease liabilities 3,506 3,624
Income taxes payable 3,570 897
Total current liabilities 109,812 80,998
Long-term debt, net 97,574 120,431
Deferred income taxes 12,531 17,943
Non-current lease liabilities 9,642 9,659
Other non-current liabilities 9,032 8,434
Total liabilities 238,591 237,465
Commitments and contingencies (Note 10)
Equity    
Common stock: $0.001 par value; 150,000,000 authorized; 33,495,287 and 33,364,722 shares issued and outstanding at December 31, 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 238,399 234,549
Accumulated other comprehensive loss (56,423) (38,906)
Retained earnings 229,495 203,528
Total equity 411,504 399,204
Total liabilities and equity $ 650,095 $ 636,669