XML 47 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net income $ 1,156 $ 1,211
Adjustments to reconcile net income to net cash used in operating activities:    
Write-off of engineering project development qualification units   111
Billed qualification costs 743  
Depreciation and amortization 749 746
Non-cash reserve accretion 174 201
Stock based compensation 350 464
Provision for losses on accounts receivable 9 9
Deferred taxes-net 561 731
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable and other receivables 3,318 371
(Increase) decrease in inventories (6,958) (3,541)
(Increase) decrease in other assets (365) (687)
Increase (decrease) in accounts payable 1,425 598
Increase (decrease) in accrued compensation (1,335) (602)
Increase (decrease) in accrued income taxes (741) 100
Increase (decrease) in other liabilities (1,660) (344)
Net cash used in operating activities (2,574) (632)
Cash flows from investing activities:    
Capital expenditures (447) (132)
Capitalized qualification units and pre-qualification assets (744) (1,056)
Net cash used in investing activities (1,191) (1,188)
Cash flows from financing activities:    
Payments on long-term debt   (10,679)
Net borrowings (repayments) of other debt      
Payment of debt issue costs (33)  
Exercise of stock options 607 1
Net cash provided by (used in) financing activities 574 (10,678)
Increase (decrease) in cash (3,191) (12,498)
Cash at beginning of period 6,688 12,683
Cash at end of period 3,497 185
Supplemental information:    
Interest payments 26 74
Income tax payments 980 45
Non-cash financing activity for stock option exercise   $ 122