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Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating Activities  
Net income$ 27,717$ 20,628
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation and amortization5,1205,052
Loss on sale of discontinued operations0890
Deferred income taxes5,9625,176
Amortization of deferred financing costs565504
Stock-based compensation costs1,6571,744
Loss on extinguishment of debt0300
Amortization of debt discount458285
Loss on disposal of equipment0125
Changes in operating assets and liabilities  
Accounts receivable(5,075)(1,635)
Inventories(6,672)2,679
Inventories held for sale01,100
Prepaid expenses and other current assets1,7941,714
Accounts payable3,5941,209
Accrued liabilities(1,654)3,046
Net cash provided by operating activities33,46642,817
Investing Activities  
Purchases of equipment(307)(254)
Proceeds from sale of discontinued operations04,122
Proceeds from escrow of Blacksmith acquisition1,2000
Net cash provided by investing activities8933,868
Financing Activities  
Payment of deferred financing costs0(112)
Repayment of long-term debt(40,000)(32,587)
Proceeds from exercise of stock options5710
Shares surrendered as payment of tax withholding(271)(51)
Net cash used in financing activities(39,700)(32,750)
Effects of exchange rate changes on cash and cash equivalents(32)0
(Decrease) increase in cash and cash equivalents(5,373)13,935
Cash and cash equivalents - beginning of period13,33441,097
Cash and cash equivalents - end of period7,96155,032
Interest paid15,7905,179
Income taxes paid$ 5,844$ 5,103