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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 7,768 $ 5,343
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 562 568
Share based compensation 740 635
Deferred income taxes (255) (182)
Bad debt expense 33 25
(Increase) decrease in operating assets and increase (decrease) in liabilities:    
Accounts receivable 1,100 372
Inventories - finished goods (25,187) (8,798)
Prepaid income taxes 0 582
Prepaid expenses and other current assets (737) (98)
Accounts payable 1,317 (586)
Accrued expenses and other current liabilities 903 934
Income taxes payable 2,554 1,241
Net cash (used in) provided by operating activities (11,202) 36
Cash flows from investing activities:    
Purchases of property and equipment (145) (192)
Net cash used in investing activities (145) (192)
Cash flows from financing activities:    
Repurchase and retirement of common stock 0 (11,496)
Dividends paid (5,594) (5,479)
Net cash used in financing activities (5,594) (16,975)
Net decrease in cash and cash equivalents (16,941) (17,131)
Cash and cash equivalents, at beginning of period 103,762 100,529
Cash and cash equivalents, at end of period 86,821 83,398
Supplemental disclosure of cash flow information:    
Dividends payable in accrued expenses $ 297 $ 243