Quarterly report pursuant to Section 13 or 15(d)

Cash Flow Statement

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Cash Flow Statement
6 Months Ended
Sep. 30, 2016
Supplemental Cash Flow Elements [Abstract]  
Cash Flow Statement

NOTE 9 - CASH FLOW STATEMENT:

Interest paid was $4 in each of the six-month periods ended September 30, 2016 and 2015.  Income taxes paid for the six months ended September 30, 2016 and 2015 were $41 and $3,428, respectively.

During the six months ended September 30, 2016 and 2015, respectively, stock option awards were exercised and restricted stock awards vested.  In connection with such stock option exercises and vesting, the related income tax benefit realized was (less) greater than the tax benefit that had been recorded pertaining to the compensation cost recognized by $(20) and $5, respectively, for such periods.  This excess tax (deficiency) benefit has been separately reported under "Financing activities" in the Condensed Consolidated Statements of Cash Flows.  Also, in the six months ended September 30, 2016 and 2015, non-cash activities included the issuance of treasury stock valued at $107 and $124, respectively, to the Company’s Employee Stock Purchase Plan.

At September 30, 2016 and 2015, respectively, there were $44 and $95 of capital purchases that were recorded in accounts payable and are not included in the caption "Purchase of property, plant and equipment" in the Condensed Consolidated Statements of Cash Flows.