XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (Loss) Income $ (2,137) $ 8,329
Adjustments to reconcile Net (Loss) Income to net cash provided by operating activities:    
Depreciation and amortization 1,888 703
Gain on forgiveness of PPP loan 0 (8,331)
Inventory write-down 1,020 0
Asset impairment 516 0
Other (190) (1,169)
Change in operating assets and liabilities:    
Accounts receivable (2,848) (10,637)
Inventories (14,246) (10,120)
Accounts payable 3,852 2,721
Accrued expenses 84 (3,782)
Other (1,885) (467)
Net cash used in operating activities (13,946) (22,753)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment in unconsolidated entities (1,187) (1,085)
Capital expenditures related to property & equipment (763) (842)
Capital expenditures related to assets on lease or held for lease (28) 0
Other 202 (449)
Net cash used in investing activities (1,776) (2,376)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from lines of credit 68,532 36,742
Payments on lines of credit (55,322) (31,892)
Proceeds from term loan 8,177 4,667
Payments on term loan (4,112) (2,012)
Proceeds received from issuance of Trust Preferred Securities ("TruPs") 0 7,810
Other (518) 110
Net cash provided by financing activities 16,757 15,425
Effect of foreign currency exchange rates on cash and cash equivalents 62 51
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 1,097 (9,653)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD 8,368 15,927
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 9,465 $ 6,274