v3.24.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating activities:    
Net income $ 3,216 $ 848
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 2,375 2,611
Amortization of intangible assets 1,487 1,857
Amortization of actuarial losses 632 504
Amortization of debt issuance costs 131 153
Equity-based compensation expense 1,002 582
Loss on extinguishment of debt 726 0
Deferred income taxes 935 232
(Increase) decrease in operating assets, net of acquisition:    
Accounts receivable (11,335) (7,755)
Unbilled revenue 11,213 (8,082)
Inventories (4,357) (6,801)
Prepaid expenses and other current and non-current assets (1,526) (500)
Income taxes receivable (459) (137)
Operating lease assets 894 913
Prepaid pension asset (215) (488)
Increase (decrease) in operating liabilities, net of acquisition:    
Accounts payable (3,949) 5,511
Accrued compensation, accrued expenses and other current and non-current liabilities 2,948 2,116
Customer deposits 16,590 18,776
Operating lease liabilities (825) (802)
Long-term portion of accrued compensation, accrued pension and postretirement benefit liabilities 0 (592)
Net cash provided by operating activities 19,483 8,946
Investing activities:    
Purchase of property, plant and equipment (5,193) (2,394)
Proceeds from disposal of property, plant and equipment 38 0
Acquisition of P3 Technologies, LLC, net of cash acquired (6,812) 0
Net cash used by investing activities (11,967) (2,394)
Financing activities:    
Borrowings of short-term debt obligations 13,000 5,000
Principal repayments on debt (22,522) (8,517)
Payment of debt exit costs (752) 0
Repayments on financing lease obligations (224) (205)
Payment of debt issuance costs (241) (122)
Issuance of common stock 225 0
Purchase of treasury stock (57) (22)
Net cash used by financing activities (10,571) (3,866)
Effect of exchange rate changes on cash (39) (212)
Net (decrease) increase in cash and cash equivalents (3,094) 2,474
Cash and cash equivalents at beginning of period 18,257 14,741
Cash and cash equivalents at end of period $ 15,163 $ 17,215

Source

PDF HTML 10-Q Filing
ZIP XLS HTML XBRL