XML 17 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands
12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2016
Sales $ 273,800,000 $ 249,176,000 $ 234,684,000
Cost of sales 175,993,000 169,862,000 158,388,000
Gross profit 97,807,000 79,314,000 76,296,000
Operating expenses:      
General and administrative 24,290,000 22,799,000 21,301,000
Advertising 19,255,000 17,663,000 21,837,000
Depreciation 2,126,000 1,369,000 770,000
Total operating expenses 45,671,000 41,831,000 43,908,000
Income from operations 52,136,000 37,483,000 32,388,000
Other income (expense):      
Interest income, net 658,000 141,000 190,000
Realized loss on sale of short term investments (74,000)
Other, net 995,000 300,000 63,000
Total other income 1,653,000 441,000 179,000
Income before provision for income taxes 53,789,000 37,924,000 32,567,000
Total provision for income taxes 16,506,000 14,105,000 12,000,000
Net income 37,283,000 23,819,000 20,567,000
Net change in unrealized gain on short term investments 0 0 54,000
Comprehensive income $ 37,283,000 $ 23,819,000 $ 20,621,000
Net income per common share:      
Basic (in dollars per share) $ 1.83 $ 1.18 $ 1.02
Diluted (in dollars per share) $ 1.82 $ 1.17 $ 1.02
Weighted average number of common shares outstanding:      
Basic (in shares) 20,346 20,232 20,124
Diluted (in shares) 20,433 20,378 20,254
Cash dividends declared per common share (in dollars per share) $ 0.85 $ 0.76 $ 0.72