XML 20 R6.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:      
Net income $ 37,740 $ 37,283 $ 23,819
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 2,225 2,126 1,369
Share based compensation 3,097 2,575 1,935
Deferred income taxes 125 (92) 1,951
Bad debt expense 85 112 421
(Increase) decrease in operating assets and increase (decrease) in liabilities:      
Accounts receivable (335) (596) (505)
Inventories - finished goods 1,967 (3,109) 5,358
Prepaid income taxes 206 (788) 243
Prepaid expenses and other current assets (526) 137 1,416
Accounts payable 1,001 53 10,217
Accrued expenses and other current liabilities (447) 337 321
Income taxes payable (659) 659
Net cash provided by operating activities 45,138 37,379 47,204
Cash flows from investing activities:      
Purchases of property and equipment (620) (703) (10,604)
Net cash used in investing activities (620) (703) (10,604)
Cash flows from financing activities:      
Dividends paid (21,925) (17,470) (15,509)
Net cash used in financing activities (21,925) (17,470) (15,509)
Net increase in cash and cash equivalents 22,593 19,206 21,091
Cash and cash equivalents, at beginning of year 77,936 58,730 37,639
Cash and cash equivalents, at end of year 100,529 77,936 58,730
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 11,051 18,046 11,373
Dividends payable in accrued expenses $ 203 $ 240 $ 217