Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Mar. 31, 2016
ASSETS    
Cash and cash equivalents $ 5,820 $ 5,695
Accounts receivable, less allowances of $252 and $375, respectively 14,319 15,313
Inventories, net 13,873 14,017
Prepaid expenses and other 1,773 943
Deferred income taxes 1,218
Total current assets 35,785 37,186
Property, plant and equipment, net 26,002 16,628
Intangibles, net 37,790 40,797
Goodwill 72,156 66,137
Total assets 171,733 160,748
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 2,168 2,823
Accrued salaries and payroll taxes 4,350 5,040
Unearned revenues 4,117 3,026
Current portion of contingent consideration 1,294 4,757
Other accrued expenses 2,999 3,085
Income taxes payable 514 2,240
Current portion of long-term debt 1,125 3,000
Total current liabilities 16,567 23,971
Deferred income taxes 3,554 5,419
Long-term debt, net of debt issuance costs and current portion 53,675 42,250
Contingent consideration 116 4,430
Total liabilities 73,912 76,070
Commitments and Contingencies (Note 13)
Stockholders’ equity:    
Common stock, no par value; authorized 25,000,000 shares; issued and outstanding, 3,727,704 shares (March 31, 2017) and 3,637,273 shares (March 31, 2016) 25,925 21,001
Retained earnings 73,656 64,828
Accumulated other comprehensive loss (1,760) (1,151)
Total stockholders’ equity 97,821 84,678
Total liabilities and stockholders’ equity $ 171,733 $ 160,748