Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.2.0.727
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Mar. 31, 2015
Current assets:    
Cash and cash equivalents $ 79,363 $ 93,774
Accounts receivable, net of allowance for doubtful accounts of $916 and $785 as of June 30, 2015 and March 31, 2015, respectively 55,435 60,441
Inventories, net 43,979 41,008
Costs and estimated earnings in excess of billings on uncompleted contracts 5,502 6,804
Prepaid expenses and other current assets 8,257 5,128
Deferred income taxes 3,499 3,549
Total current assets 196,035 210,704
Property, plant and equipment, net 38,383 34,824
Goodwill 115,197 105,232
Intangible assets, net 101,357 100,813
Debt issuance costs, net 1,250 1,358
Other long term assets 369 378
Total assets 452,591 453,309
Current liabilities:    
Accounts payable 16,128 17,145
Accrued liabilities 12,407 17,417
Current portion of long term debt 13,500 13,500
Billings in excess of costs and estimated earnings on uncompleted contracts 2,068 2,366
Income taxes payable 830 2,710
Total current liabilities 44,933 53,138
Long-term debt, net of current maturities 91,125 94,500
Deferred income taxes 30,748 30,835
Other noncurrent liabilities 3,075 3,070
Total liabilities 169,881 181,543
Equity    
Common stock: $.001 par value; 150,000,000 authorized; 32,124,079 and 32,082,393 shares issued and outstanding at June 30, 2015 and March 31, 2015, respectively 32 32
Preferred stock: $.001 par value; 10,000,000 authorized; no shares issued and outstanding 0 0
Additional paid in capital 214,118 213,885
Accumulated other comprehensive income (38,901) (41,400)
Retained earnings (accumulated deficit) 103,678 99,249
Shareholders’ equity 278,927 271,766
Non-controlling interests 3,783 0
Total equity 282,710 271,766
Total liabilities and equity $ 452,591 $ 453,309