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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income $ 26,830 $ 15,816
Less: Income (loss) from discontinued operations 400 (3,621)
Income from continuing operations 26,430 19,437
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 3,750 3,730
Amortization of intangible and other assets 3,236 3,633
Provision for inventory reserves 700 0
Share-based and other executive compensation 1,794 2,036
Net gain on disposals of property, plant and equipment (2,539) (79)
Net pension benefit (211) (650)
Net deferred taxes 8,647 1,229
Changes in operating assets and liabilities:    
Accounts receivable, net 1,473 (2,663)
Inventories (5,749) 260
Prepaid expenses and other current assets (4,163) 703
Other assets 190 26
Accounts payable and other current liabilities (1,153) 11,022
Retirement benefits payable and other liabilities 109 (6,801)
Net cash provided by operating activities, continuing operations 32,514 31,883
Net cash used in operating activities, discontinued operations (7,574) (6,427)
Net cash provided by operating activities 24,940 25,456
Cash flows from investing activities:    
Capital expenditures (2,742) (2,964)
Proceeds from sale of assets held for investment 278 466
Proceeds from sale of assets 3,269 11
Net cash provided by (used in) investing activities, continuing operations 805 (2,487)
Net cash provided by (used in) investing activities, discontinued operations 7,151 (883)
Net cash provided by (used in) investing activities 7,956 (3,370)
Cash flows from financing activities:    
Borrowings on lines of credit 8,000 0
Repayments of lines of credit (10,281) (20,031)
Payments of deferred loan costs 0 (401)
Purchase of treasury shares (30,997) (26)
Proceeds from stock option activity 0 329
Net cash used in financing activities (33,278) (20,129)
Effect of exchange rate changes on cash and cash equivalents (111) 1,380
Net change in cash and cash equivalents (493) 3,337
Cash and cash equivalents, beginning of period 11,706 23,146
Cash and cash equivalents, end of period $ 11,213 $ 26,483