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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 5,343 $ 12,582
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 568 556
Share based compensation 635 719
Deferred income taxes (182) (165)
Bad debt expense 25 32
(Increase) decrease in operating assets and increase (decrease) in liabilities:    
Accounts receivable 372 (171)
Inventories - finished goods (8,798) (1,709)
Prepaid income taxes 582 788
Prepaid expenses and other current assets (98) (396)
Accounts payable (586) 5,908
Accrued expenses and other current liabilities 934 643
Income taxes payable 1,241 3,247
Net cash provided by operating activities 36 22,034
Cash flows from investing activities:    
Purchases of property and equipment (192) (306)
Net cash used in investing activities (192) (306)
Cash flows from financing activities:    
Repurchase and retirement of common stock (11,496)
Dividends paid (5,479) (5,103)
Net cash used in financing activities (16,975) (5,103)
Net (decrease) increase in cash and cash equivalents (17,131) 16,625
Cash and cash equivalents, at beginning of period 100,529 77,936
Cash and cash equivalents, at end of period 83,398 94,561
Supplemental disclosure of cash flow information:    
Dividends payable in accrued expenses $ 243 $ 288