Quarterly report pursuant to Section 13 or 15(d)

Cash Flow Statement

v2.4.1.9
Cash Flow Statement
9 Months Ended
Dec. 31, 2014
Supplemental Cash Flow Elements [Abstract]  
Cash Flow Statement

NOTE 9 – CASH FLOW STATEMENT:

 

Interest paid was $8 and $9 for the nine-month periods ended December 31, 2014 and 2013, respectively. In addition, income taxes paid for the nine months ended December 31, 2014 and 2013 were $4,497 and $2,567, respectively.

During the nine months ended December 31, 2014 and 2013, respectively, stock option awards were exercised and restricted stock awards vested. The related income tax benefit realized exceeded the tax benefit that had been recorded pertaining to the compensation cost recognized by $37 and $220, respectively, for such periods. This excess tax benefit has been separately reported under “Financing activities” in the Condensed Consolidated Statements of Cash Flows.

At December 31, 2014 and 2013, there were $35 and $66, 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.