|
Cash Flow Statement
|
6 Months Ended |
|---|---|
|
Sep. 30, 2014
|
|
| Supplemental Cash Flow Elements [Abstract] | |
| Cash Flow Statement |
NOTE 9 – CASH FLOW STATEMENT:
Interest paid was $6 for each of the six-month periods ended September 30, 2014 and 2013, respectively. In addition, income taxes paid for the six months ended September 30, 2014 and 2013 were $2,492 and $2,161, respectively. During the six months ended September 30, 2014 and 2013, 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 the tax benefit that had been recorded pertaining to the compensation cost recognized by $34 and $119, respectively, for such periods. This excess tax benefit has been separately reported under “Financing activities” in the Condensed Consolidated Statements of Cash Flows. At September 30, 2014 and 2013, there were $199 and $38, respectively, 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. |