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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 12,008 $ 23,334
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,140 1,108
Share based compensation 1,365 1,500
Deferred income taxes 274 189
Bad debt expense 64 49
(Increase) decrease in operating assets and increase (decrease) in liabilities:    
Accounts receivable 1,012 457
Inventories - finished goods 2,309 (5,279)
Prepaid income taxes 582 170
Prepaid expenses and other current assets (1,433) (94)
Accounts payable (1,120) (996)
Accrued expenses and other current liabilities 568 (36)
Income taxes payable 525
Net cash provided by operating activities 17,294 20,402
Cash flows from investing activities:    
Purchases of property and equipment (416) (450)
Net cash used in investing activities (416) (450)
Cash flows from financing activities:    
Repurchase and retirement of common stock (11,496)
Dividends paid (11,014) (10,756)
Net cash used in financing activities (22,510) (10,756)
Net (decrease) increase in cash and cash equivalents (5,632) 9,196
Cash and cash equivalents, at beginning of period 100,529 77,936
Cash and cash equivalents, at end of period 94,897 87,132
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 2,730 6,645
Dividends payable in accrued expenses $ 155 $ 207