|
Condensed Balance Sheets (USD $)
In Thousands, unless otherwise specified
|
Sep. 30, 2012
|
Mar. 31, 2012
|
| Current assets: |
|
|
| Cash and cash equivalents |
$ 2,772 |
$ 7,191 |
| Accounts receivable, net |
7,416 |
6,486 |
| Inventories, net |
5,630 |
4,438 |
| Prepaid expenses and other |
940 |
1,046 |
| Total current assets |
16,758 |
19,161 |
| Property, plant and equipment, net |
7,274 |
7,266 |
| Intangibles and other, net |
16,769 |
9,819 |
| Goodwill |
23,640 |
14,450 |
| Total assets |
64,441 |
50,696 |
| Current liabilities: |
|
|
| Accounts payable |
667 |
573 |
| Accrued salaries and payroll taxes |
1,635 |
2,134 |
| Other accrued expenses |
387 |
504 |
| Income taxes payable |
698 |
1,051 |
| Total current liabilities |
3,387 |
4,262 |
| Deferred income taxes payable |
2,519 |
2,519 |
| Contingent consideration |
2,140 |
|
| Long-term debt |
8,000 |
|
| Total liabilities |
16,046 |
6,781 |
| Stockholders' equity: |
|
|
| Common stock, no par value; authorized 25,000,000 shares; issued and outstanding, 3,356,273 shares (September 30, 2012) and 3,321,965 shares (March 31, 2012) |
7,422 |
6,699 |
| Employee loans to purchase stock |
(215) |
(396) |
| Retained earnings |
41,188 |
37,612 |
| Total stockholders' equity |
48,395 |
43,915 |
| Preferred stock, no par value |
|
|
| Total liabilities and stockholders' equity |
$ 64,441 |
$ 50,696 |