Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Mar. 31, 2013
Current assets:    
Cash and cash equivalents $ 67,340 $ 43,847
Accounts receivable, net of allowance for doubtful accounts of $858 and $1,434 as of December 31, 2012 and March 31, 2012, respectively 48,616 56,123
Inventories, net 40,093 34,391
Costs and estimated earnings in excess of billings on uncompleted contracts 4,040 3,515
Income taxes receivable 3,281 5,287
Prepaid expenses and other current assets 5,204 6,203
Deferred income taxes 3,811 2,211
Total current assets 172,385 151,577
Property, plant and equipment, net 31,465 31,211
Goodwill 115,836 116,303
Intangible assets, net 123,177 131,916
Debt issuance costs, net 1,646 4,373
Other long term assets 137 143
Total assets 444,646 435,523
Current liabilities:    
Accounts payable 19,263 20,370
Accrued liabilities 11,120 18,715
Current portion of long term debt 13,500 0
Billings in excess of costs and estimated earnings on uncompleted contracts 1,582 1,629
Income taxes payable 1,014 1,706
Obligations due to settle the CHS Transactions 567 3,239
Total current liabilities 47,046 45,659
Long-term debt, net of current maturities 111,375 118,145
Deferred income taxes 39,865 42,599
Other noncurrent liabilities 2,188 3,073
Total liabilities 200,474 209,476
Shareholders' equity    
Common stock: $.001 par value; 150,000,000 authorized; 31,830,428 and 31,307,582 shares issued and outstanding at December 31, 2013 and March 31, 2013, respectively 32 31
Preferred stock: $.001 par value; 10,000,000 authorized; no shares issued and outstanding 0 0
Additional paid in capital 207,354 203,027
Accumulated other comprehensive income (3,495) (1,075)
Retained earnings (accumulated deficit) 40,281 24,064
Shareholders’ equity 244,172 226,047
Total liabilities and shareholders' equity $ 444,646 $ 435,523