XML 47 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities    
Net income $ 676 $ 97
Adjustments to reconcile net income to net cash provided by operating activities:    
Change in deferred tax assets 359 63
Depreciation of property and equipment 223 269
Stock-based compensation 67 88
Amortization of intangible assets 161 106
Change in fair value of contingent consideration (334) 17
Changes in operating assets and liabilities:    
Accounts receivable 870 (971)
Net costs and estimated earnings in excess of billings 48 58
Inventories 84 25
Prepaid expenses and other assets (329) (22)
Accounts payable and accrued expenses (862) 661
Net cash provided by operating activities 963 391
Cash flows from investing activities    
Purchases of property and equipment (113) (65)
Capitalized software (54)  
Cash paid for acquisition   (137)
Net cash used in investing activities (167) (202)
Cash flows from financing activities    
Payments on long-term debt (634) (458)
Deferred payment for prior business combination   (112)
Repurchases of common stock (442)  
Proceeds from stock option exercises 125 3
Net cash used in financing activities (951) (567)
Decrease in cash and cash equivalents (155) (378)
Cash and cash equivalents at beginning of period 18,701 11,818
Cash and cash equivalents at end of period $ 18,546 $ 11,440