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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (Loss) Income $ (2,029) $ 7,141
Adjustments to reconcile Net (Loss) Income to net cash provided by operating activities:    
Depreciation and amortization 2,984 1,146
Gain on forgiveness of PPP loan 0 (8,331)
Income from equity method investments (2,917) (197)
Inventory write-down 1,658 228
Asset impairment 516 0
Other 614 (256)
Change in operating assets and liabilities:    
Accounts receivable 4,936 (4,378)
Inventories (12,469) (8,593)
Accounts payable (109) (379)
Accrued expenses 1,447 (3,247)
Other 1,554 (2,824)
Net cash used in operating activities (3,815) (19,690)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment in unconsolidated entities (2,609) (4,461)
Acquisition of assets 0 (13,408)
Capital expenditures related to property & equipment (1,008) (1,205)
Capital expenditures related to assets on lease or held for lease (29) 0
Other 556 (472)
Net cash used in investing activities (3,090) (19,546)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from lines of credit 102,015 59,247
Payments on lines of credit (91,865) (54,063)
Proceeds from term loan 8,177 16,080
Payments on term loan (12,300) (2,909)
Proceeds received from issuance of Trust Preferred Securities ("TruPs") 0 10,671
Other (1,161) 53
Net cash provided by financing activities 4,866 29,079
Effect of foreign currency exchange rates on cash and cash equivalents 181 69
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (1,858) (10,088)
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 $ 6,510 $ 5,839