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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:      
Net income $ 233 $ 21,100 $ 30,603
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 3,546 2,738 2,427
Share based compensation 6,617 4,549 3,307
Deferred income taxes (1,564) (345) 311
Bad debt expense 214 165 130
(Increase) decrease in operating assets and increase (decrease) in liabilities:      
Accounts receivable (41) 509 1,126
Inventories - finished goods 13,432 1,965 (16,536)
Prepaid income taxes (1,202) 278 (959)
Prepaid expenses and other current assets 147 (363) (974)
Accounts payable (2,292) (12,048) 19,890
Accrued expenses and other current liabilities 8,713 (50) 1,221
Income taxes payable 0 0 (471)
Net cash provided by operating activities 27,803 18,498 40,075
Cash flows from investing activities:      
Purchase of minority interest investment in Vetster (5,000) 0 0
Purchases of property and equipment (5,260) (1,752) (2,432)
Net cash used in investing activities (10,260) (1,752) (2,432)
Cash flows from financing activities:      
Dividends paid (24,537) (24,384) (22,687)
Net cash used in financing activities (24,537) (24,384) (22,687)
Net (decrease) increase in cash and cash equivalents (6,994) (7,638) 14,956
Cash and cash equivalents, at beginning of year 111,080 118,718 103,762
Cash and cash equivalents, at end of year 104,086 111,080 118,718
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 4,312 6,085 10,018
Dividends payable in accrued expenses $ 1,262 $ 558 $ 198