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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 16,180 $ 12,008
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,169 1,140
Share based compensation 1,513 1,365
Deferred income taxes 408 274
Bad debt expense 61 64
(Increase) decrease in operating assets and increase (decrease) in liabilities:    
Accounts receivable 1,570 1,012
Inventories - finished goods (3,567) 2,309
Prepaid income taxes 0 582
Prepaid expenses and other current assets 916 (1,433)
Accounts payable (3,600) (1,120)
Accrued expenses and other current liabilities 391 568
Income taxes payable 147 525
Net cash provided by operating activities 15,188 17,294
Cash flows from investing activities:    
Purchases of property and equipment (1,193) (416)
Net cash used in investing activities (1,193) (416)
Cash flows from financing activities:    
Repurchase and retirement of common stock 0 (11,496)
Dividends paid (11,413) (11,014)
Net cash used in financing activities (11,413) (22,510)
Net increase (decrease) in cash and cash equivalents 2,582 (5,632)
Cash and cash equivalents, at beginning of period 103,762 100,529
Cash and cash equivalents, at end of period 106,344 94,897
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 4,206 2,730
Dividends payable in accrued expenses $ 126 $ 155