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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income (loss) $ (23,386) $ (4,051)
Adjustments to reconcile net income (loss) to net cash used for operating activities:    
Depreciation and amortization 6,721 4,246
Amortization of inventory step-up 8,889 7,028
Accretion of asset retirement obligation 62 0
Accretion of investment discount 0 (69)
Impairment of property, plant and equipment 1,570 0
Impairment of goodwill 1,390 0
Provision for accounts receivable allowances 1,867 1,298
Deferred tax (benefit) provision (2,414) (362)
Share-based compensation expense 1,057 803
Loss (gain) on sale or disposal of assets 4 (14)
Changes in assets and liabilities, net of effects of purchase of a business:    
Accounts receivable (40,323) (47,443)
Inventories (22,661) (8,436)
Prepaid expenses and other assets (2,263) (3,516)
Accounts payable 17,022 11,865
Accrued expenses and long-term obligations 6,644 4,489
Net cash used for operating activities (45,821) (34,162)
Cash flows from investing activities:    
Maturities of investment securities 0 20,000
Final payment of purchase price for a business previously acquired (2,500) 0
Purchase of a business (2,500) 0
Purchase of property, plant and equipment (5,891) (2,021)
Purchase of company owned life insurance policy (750) (750)
Proceeds from sale of fixed assets 0 14
Net cash (used for) provided by investing activities (11,641) 17,243
Cash flows from financing activities:    
Borrowings on notes payable 21,185 0
Payments on long-term debt (114) (109)
Dividends paid (3,633) (3,644)
Purchase of treasury stock (3,393) 0
Proceeds from exercise of stock options, net of tax withholdings 0 37
Payment of financing transaction costs (33) 0
Net cash provided by (used for) financing activities 14,012 (3,716)
Effect of exchange rate changes on cash 2 156
Net (decrease) increase in cash and cash equivalents (43,448) (20,479)
Cash and cash equivalents at beginning of period 58,560 47,693
Cash and cash equivalents at end of period $ 15,112 $ 27,214