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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:      
Net income $ 37,283 $ 23,819 $ 20,567
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 2,126 1,369 770
Share based compensation 2,575 1,935 1,612
Deferred income taxes (92) 1,951 (23)
Bad debt expense 112 421 260
(Increase) decrease in operating assets and increase (decrease) in liabilities:      
Accounts receivable (596) (505) (53)
Inventories - finished goods (3,109) 5,358 (518)
Prepaid income taxes (788) 243 (243)
Prepaid expenses and other current assets 137 1,416 (1,055)
Accounts payable 53 10,217 (149)
Accrued expenses and other current liabilities 337 321 (65)
Income taxes payable (659) 659 (50)
Net cash provided by operating activities 37,379 47,204 21,053
Cash flows from investing activities:      
Proceeds from sale of short term investments 15,591
Net change in investments 54
Purchases of property and equipment (703) (10,604) (20,130)
Net cash used in investing activities (703) (10,604) (4,485)
Cash flows from financing activities:      
Dividends paid (17,470) (15,509) (14,684)
Excess tax benefit related to stock compensation 142
Net cash used in financing activities (17,470) (15,509) (14,542)
Net increase in cash and cash equivalents 19,206 21,091 2,026
Cash and cash equivalents, at beginning of year 58,730 37,639 35,613
Cash and cash equivalents, at end of year 77,936 58,730 37,639
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 18,046 11,373 12,173
Dividends payable in accrued expenses $ 240 $ 217 $ 143