XML 48 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:    
Net income $ 7,480 $ 8,271
Adjustments to reconcile net income to net cash used by operating activities:    
Depreciation and amortization 76 247
Deferred tax expense 188 2,149
Asset allowances, reserves and other (862) (1,407)
Gain on sale of building   (347)
Gain on sale of marketable security   (828)
Impairment of trademark 1,326  
Changes in assets and liabilities:    
Accounts receivable 7,045 (2,171)
Other receivables (627) (84)
Due from affiliates 1 (1)
Inventories (1,747) (8,416)
Prepaid expenses and other current assets (2,547) (1,682)
Other assets 228 77
Accounts payable and other current liabilities 2,475 1,477
Due to affiliates (11) (1)
Interest and income taxes payable 387 (65)
Net cash provided (used) by operating activities 13,412 (2,781)
Cash flows from investing activities:    
Short term investment (35,040)  
Proceeds from sale of marketable security   4,725
Decrease in restricted cash 113 56
Additions to property and equipment (111) (33)
Disposals of property and equipment 7  
Proceeds from sale of building   2,749
Net cash (used) provided by investing activities (35,031) 7,497
Cash flows from financing activities:    
Repayments of short-term borrowings (22) (2,470)
Repayments of capital lease and other rental obligations (31) (44)
Net cash used by financing activities (53) (2,514)
Net (decrease) increase in cash and cash equivalents (21,672) 2,202
Cash and cash equivalents at beginning of period 44,960 [1] 39,796
Cash and cash equivalents at end of period 23,288 41,998
Cash paid during the period for:    
Interest 12 18
Income taxes $ 606 $ 1,492
[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.