XML 48 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:    
Net income $ 5,787 $ 5,100
Adjustments to reconcile net income to net cash used by operating activities:    
Depreciation and amortization 48 167
Deferred tax expense 17 1,096
Asset allowances, reserves and other 229 (918)
Gain on sale of marketable security   (828)
Impairment of trademark 1,326  
Changes in assets and liabilities:    
Accounts receivable (4,116) (5,708)
Other receivables (1,084) 401
Due from affiliates   (9)
Inventories (1,364) (15,117)
Prepaid expenses and other current assets (2,583) (415)
Other assets (69) 28
Accounts payable and other current liabilities 9,140 6,268
Due to affiliates (11) (1)
Interest and income taxes payable 125 (79)
Net cash provided (used) by operating activities 7,445 (10,015)
Cash flows from investing activities:    
Short term investment (25,000)  
Proceeds from sale of marketable security   4,725
Decrease (increase) in restricted cash 97 (67)
Additions to property and equipment (1)  
Disposals of property and equipment 7  
Net cash (used) provided by investing activities (24,897) 4,658
Cash flows from financing activities:    
Repayments of short-term borrowings 1 (2,468)
Net (decrease) in capital lease and other rental obligations (21) (33)
Net cash used by financing activities (20) (2,501)
Net decrease in cash and cash equivalents (17,472) (7,858)
Cash and cash equivalents at beginning of period 44,960 [1] 39,796
Cash and cash equivalents at end of period 27,488 31,938
Cash paid during the period for:    
Interest 7 13
Income taxes $ 606 $ 850
[1] Reference is made to the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2012 filed with the Securities and Exchange Commission on July 13, 2012.