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
Jun. 30, 2014
Mar. 31, 2014
Current assets:    
Cash and cash equivalents $ 77,259 $ 72,640
Accounts receivable, net of allowance for doubtful accounts of $858 and $1,434 as of December 31, 2012 and March 31, 2012, respectively 61,093 52,578
Inventories, net 37,545 37,316
Costs and estimated earnings in excess of billings on uncompleted contracts 2,389 2,880
Income taxes receivable 3,309 3,310
Prepaid expenses and other current assets 6,331 5,058
Deferred income taxes 2,569 2,325
Total current assets 190,495 176,107
Property, plant and equipment, net 31,469 31,532
Goodwill 115,484 114,112
Intangible assets, net 117,326 118,917
Debt issuance costs, net 1,701 1,528
Other long term assets 253 263
Total assets 456,728 442,459
Current liabilities:    
Accounts payable 17,634 17,066
Accrued liabilities 12,502 9,869
Current portion of long term debt 13,500 13,500
Billings in excess of costs and estimated earnings on uncompleted contracts 1,297 1,749
Income taxes payable 1,514 956
Obligations due to settle the CHS Transactions 567 567
Total current liabilities 47,014 43,707
Long-term debt, net of current maturities 104,625 108,000
Deferred income taxes 34,052 37,896
Other noncurrent liabilities 2,432 2,390
Total liabilities 188,123 191,993
Shareholders' equity    
Common stock: $.001 par value; 150,000,000 authorized; 31,995,684 and 31,920,865 shares issued and outstanding at June 30, 2014 and March 31, 2014, respectively 32 32
Preferred stock: $.001 par value; 10,000,000 authorized; no shares issued and outstanding 0 0
Additional paid in capital 210,696 208,451
Accumulated other comprehensive income (3,520) (7,880)
Retained earnings (accumulated deficit) 61,397 49,863
Shareholders’ equity 268,605 250,466
Total liabilities and shareholders' equity $ 456,728 $ 442,459