Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Operating activities:    
Net (loss) income $ (10,677) $ 3,222
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,490 1,571
Amortization 177 175
Amortization of unrecognized prior service cost and actuarial losses 788 1,043
Impairment of goodwill and purchased intangible assets 14,816  
Stock-based compensation expense 362 433
Loss on disposal or sale of property, plant and equipment 1 1
Deferred income taxes (3,498) 10
(Increase) decrease in operating assets:    
Accounts receivable (5,029) 1,126
Unbilled revenue 5,170 (2,651)
Inventories 352 1,697
Prepaid expenses and other current and non-current assets (591) (489)
Income taxes receivable (1,605) 1,109
Prepaid pension asset (770)  
Increase (decrease) in operating liabilities:    
Accounts payable (1,005) (2,173)
Accrued compensation, accrued expenses and other current and non-current liabilities (1,593) (558)
Customer deposits 5,400 6,699
Long-term portion of accrued compensation, accrued pension liability and accrued postretirement benefits 86 (508)
Net cash provided by operating activities 3,874 10,707
Investing activities:    
Purchase of property, plant and equipment (543) (241)
Proceeds from disposal of property, plant and equipment 1  
Purchase of investments (34,023) (39,000)
Redemption of investments at maturity 30,000 45,000
Net cash (used) provided by investing activities (4,565) 5,759
Financing activities:    
Principal repayments on capital lease obligations (78) (38)
Issuance of common stock   79
Dividends paid (2,638) (2,616)
Purchase of treasury stock (119) (29)
Excess tax deficiency on stock awards   (26)
Net cash used by financing activities (2,835) (2,630)
Effect of exchange rate changes on cash 211 (231)
Net (decrease) increase in cash and cash equivalents (3,315) 13,605
Cash and cash equivalents at beginning of year 39,474 24,072
Cash and cash equivalents at end of period $ 36,159 $ 37,677