Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands |
3 Months Ended |
Jun. 30, 2018 |
Jul. 01, 2017 |
| Operating Activities |
|
|
| Net income (loss) |
$ (7,322)
|
$ (9,747)
|
| Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities |
|
|
| Intangibles amortization |
1,473
|
2,230
|
| Depreciation |
2,243
|
2,324
|
| Loss (gain) on sale of property |
(8)
|
(56)
|
| Deferred taxes |
478
|
(4,598)
|
| Stock compensation expense |
1,004
|
2,198
|
| Provision for obsolete inventory |
340
|
136
|
| Provision for (recovery of) doubtful accounts |
186
|
153
|
| Changes in operating assets and liabilities (net of acquisitions) |
|
|
| Accounts receivable |
(11,425)
|
15,238
|
| Inventories |
1,750
|
159
|
| Costs/estimated earnings in excess of billings on uncompleted contracts |
3,804
|
(3,491)
|
| All other assets |
(2,929)
|
1,255
|
| Accounts payable |
7,791
|
(7,204)
|
| Billings in excess of costs/estimated earnings on uncompleted contracts |
(1,929)
|
(3,636)
|
| All other liabilities |
2,224
|
(11,228)
|
| Net cash provided by (used for) operating activities |
(2,320)
|
(16,267)
|
| Investing Activities |
|
|
| Capital expenditures |
(528)
|
(1,097)
|
| Capital disposals |
28
|
12
|
| Net cash provided by (used for) investing activities |
(500)
|
(1,085)
|
| Financing Activities |
|
|
| Proceeds from (repayments of) long-term debt |
0
|
10,172
|
| Proceeds from (repayments of) short-term debt |
(1,031)
|
4,944
|
| Deferred financing costs |
(1,269)
|
0
|
| Purchase of treasury stock |
(112)
|
(393)
|
| Payment of dividends |
0
|
(1,796)
|
| Increase (decrease) in cash overdrafts |
(5,286)
|
(953)
|
| Net cash provided by (used for) financing activities |
(7,698)
|
11,974
|
| Foreign currency exchange impact on cash |
(916)
|
1,596
|
| Increase/(decrease) in cash and cash equivalents |
(11,434)
|
(3,782)
|
| Cash and cash equivalents at end of period |
22,035
|
33,469
|
| Supplemental cash flow |
|
|
| Cash paid for interest |
2,151
|
1,104
|
| Cash paid for income taxes |
320
|
562
|
| Non-cash financing activities |
|
|
| Dividends payable |
0
|
|
| Capital leases |
$ 48
|
$ 21
|