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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified |
9 Months Ended | |
|---|---|---|
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Dec. 31, 2014
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Dec. 31, 2013
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| Operating activities: | ||
| Net income | $ 10,570us-gaap_NetIncomeLoss | $ 7,828us-gaap_NetIncomeLoss |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation | 1,561us-gaap_Depreciation | 1,478us-gaap_Depreciation |
| Amortization | 171us-gaap_AmortizationOfIntangibleAssets | 168us-gaap_AmortizationOfIntangibleAssets |
| Amortization of unrecognized prior service cost and actuarial losses | 389ghm_AmortizationOfUnrecognizedPriorServiceCostAndActuarialLosses | 663ghm_AmortizationOfUnrecognizedPriorServiceCostAndActuarialLosses |
| Discount accretion on investments | (6)us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments | |
| Stock-based compensation expense | 481us-gaap_ShareBasedCompensation | 489us-gaap_ShareBasedCompensation |
| Loss on disposal of property, plant and equipment | 3us-gaap_GainLossOnDispositionOfAssets | 207us-gaap_GainLossOnDispositionOfAssets |
| Deferred income taxes | (281)us-gaap_DeferredIncomeTaxExpenseBenefit | 88us-gaap_DeferredIncomeTaxExpenseBenefit |
| (Increase) decrease in operating assets: | ||
| Accounts receivable | (4,938)us-gaap_IncreaseDecreaseInAccountsReceivable | (3,019)us-gaap_IncreaseDecreaseInAccountsReceivable |
| Unbilled revenue | (5,463)us-gaap_IncreaseDecreaseInUnbilledReceivables | 6,559us-gaap_IncreaseDecreaseInUnbilledReceivables |
| Inventories | 1,887us-gaap_IncreaseDecreaseInInventories | 275us-gaap_IncreaseDecreaseInInventories |
| Prepaid expenses and other current and non-current assets | (430)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | (326)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
| Prepaid pension asset | (845)ghm_IncreaseDecreaseInDefinedBenefitPlanAssetsForPlanBenefitsNoncurrent | (595)ghm_IncreaseDecreaseInDefinedBenefitPlanAssetsForPlanBenefitsNoncurrent |
| Increase (decrease) in operating liabilities: | ||
| Accounts payable | 2,584us-gaap_IncreaseDecreaseInAccountsPayable | (1,429)us-gaap_IncreaseDecreaseInAccountsPayable |
| Accrued compensation, accrued expenses and other current and non-current liabilities | 2,138ghm_IncreaseDecreaseInAccruedCompensationAccruedExpensesAndOtherCurrentAndNonCurrentLiabilities | 76ghm_IncreaseDecreaseInAccruedCompensationAccruedExpensesAndOtherCurrentAndNonCurrentLiabilities |
| Customer deposits | (964)us-gaap_IncreaseDecreaseInBillingInExcessOfCostOfEarnings | 1,305us-gaap_IncreaseDecreaseInBillingInExcessOfCostOfEarnings |
| Income taxes payable/receivable | 743us-gaap_IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable | 904us-gaap_IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable |
| Long-term portion of accrued compensation, accrued pension liability and accrued postretirement benefits | (101)ghm_IncreaseDecreaseInLongTermPortionOfAccruedCompensationAccruedPensionLiabilityAndAccruedPostretirementBenefits | (94)ghm_IncreaseDecreaseInLongTermPortionOfAccruedCompensationAccruedPensionLiabilityAndAccruedPostretirementBenefits |
| Net cash provided by operating activities | 7,505us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 14,571us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
| Investing activities: | ||
| Purchase of property, plant and equipment | (4,965)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (2,161)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Proceeds from disposal of property, plant and equipment | 1us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment | 32us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment |
| Purchase of investments | (41,000)us-gaap_PaymentsToAcquireHeldToMaturitySecurities | (80,495)us-gaap_PaymentsToAcquireHeldToMaturitySecurities |
| Redemption of investments at maturity | 37,000us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities | 77,500us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities |
| Net cash used by investing activities | (8,964)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (5,124)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
| Financing activities: | ||
| Principal repayments on capital lease obligations | (64)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations | (65)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations |
| Issuance of common stock | 48us-gaap_ProceedsFromStockOptionsExercised | 421us-gaap_ProceedsFromStockOptionsExercised |
| Dividends paid | (1,215)us-gaap_PaymentsOfDividendsCommonStock | (905)us-gaap_PaymentsOfDividendsCommonStock |
| Excess tax benefit on stock awards | 37us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities | 220us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities |
| Net cash used by financing activities | (1,194)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | (329)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
| Effect of exchange rate changes on cash | 3us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents | 95us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents |
| Net (decrease) increase in cash and cash equivalents | (2,650)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 9,213us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash and cash equivalents at beginning of period | 32,146us-gaap_CashAndCashEquivalentsAtCarryingValue | 24,194us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash and cash equivalents at end of period | $ 29,496us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 33,407us-gaap_CashAndCashEquivalentsAtCarryingValue |
| X | ||||||||||
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- Definition
The amount of gains and losses recognized in net periodic benefit cost and the amount of prior service cost recognized in net periodic benefit cost relating to benefit changes attributable to plan participants' prior service pursuant to a plan amendment or a plan initiation. No definition available.
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred for obligations related to services received from employees, obligations and expenses incurred but not paid and noncurrent obligations. No definition available.
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- Definition
The (increase) decrease during the reporting period in the amount of the asset recognized for an overfunded defined benefit pension plan. No definition available.
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred for deferred compensation arrangements payable beyond one year and noncurrent liabilities associated with defined benefit pension plans and other postretirement defined benefit plans. No definition available.
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- Definition
The sum of the periodic adjustments of the differences between securities' face values and purchase prices that are charged against earnings. This is called accretion if the security was purchased at a discount and amortization if it was purchased at premium. As a noncash item, this element is an adjustment to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash inflow from realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the liability reflecting cash payments received before the related costs have been incurred. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the amounts payable to taxing authorities for taxes that are based on the reporting entity's earnings, net of amounts receivable from taxing authorities for refunds of overpayments or recoveries of income taxes. No definition available.
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Details
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- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period of the amount of revenue for work performed for which billing has not occurred, net of uncollectible accounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow through purchase of long-term held-to-maturity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with the maturity, prepayments and calls (requests for early payments) of debt securities designated as held-to-maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for the obligation for a lease meeting the criteria for capitalization (with maturities exceeding one year or beyond the operating cycle of the entity, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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