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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net income $ 18,848 $ 31,121
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,702 1,664
Share based compensation 2,081 2,312
Deferred income taxes (12) 11
Bad debt expense 102 49
(Increase) decrease in operating assets and increase (decrease) in liabilities:    
Accounts receivable 388 974
Inventories - finished goods (2,795) (8,910)
Prepaid income taxes 582 263
Prepaid expenses and other current assets (1,424) (384)
Accounts payable 360 5,009
Accrued expenses and other current liabilities 851 (84)
Income taxes payable 895
Net cash provided by operating activities 21,578 32,025
Cash flows from investing activities:    
Purchases of property and equipment (1,827) (507)
Net cash used in investing activities (1,827) (507)
Cash flows from financing activities:    
Repurchase and retirement of common stock (11,496)
Dividends paid (16,410) (16,288)
Net cash used in financing activities (27,906) (16,288)
Net (decrease) increase in cash and cash equivalents (8,155) 15,230
Cash and cash equivalents, at beginning of period 100,529 77,936
Cash and cash equivalents, at end of period 92,374 93,166
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 4,460 9,120
Property and equipment in current assets 1,344
Dividends payable in accrued expenses $ 196 $ 258