Quarterly report pursuant to Section 13 or 15(d)

Cash Flow Statement

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Cash Flow Statement
6 Months Ended
Sep. 30, 2013
Supplemental Cash Flow Elements [Abstract]  
Cash Flow Statement

NOTE 9 - CASH FLOW STATEMENT:

 

Interest paid was $6 and $52 for the six-month periods ended September 30, 2013 and 2012, respectively. In addition, income taxes paid for the six months ended September 30, 2013 and 2012 were $2,161 and $39, respectively.

During the six months ended September 30, 2013 and 2012, 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 exceeded (reduced) the tax benefit that had been recorded pertaining to the compensation cost recognized by $119 and $(5), respectively, for such periods. This excess tax benefit (deficiency) has been separately reported under “Financing activities” in the Condensed Consolidated Statements of Cash Flows.

At September 30, 2013 and 2012, respectively, there were $38 and $24 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. In the six months ended September 30, 2013 and 2012, capital expenditures totaling $0 and $11, respectively, were financed through the issuance of capital leases.