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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2019
Sales $ 309,215 $ 284,125 $ 283,419
Cost of sales 219,267 202,879 188,105
Gross profit 89,948 81,246 95,314
Operating expenses:      
General and administrative 28,293 25,264 24,767
Advertising 21,641 22,748 22,148
Depreciation 2,427 2,257 2,225
Total operating expenses 52,361 50,269 49,140
Income from operations 37,587 30,977 46,174
Other income (expense):      
Interest income, net 314 1,747 1,864
Other, net 1,315 1,169 1,083
Total other income 1,629 2,916 2,947
Income before provision for income taxes 39,216 33,893 49,121
Provision for income taxes 8,613 8,042 11,381
Net income $ 30,603 $ 25,851 $ 37,740
Net income per common share:      
Basic (in dollars per share) $ 1.53 $ 1.29 $ 1.84
Diluted (in dollars per share) $ 1.52 $ 1.29 $ 1.84
Weighted average number of common shares outstanding:      
Basic (in shares) 20,060 20,041 20,461
Diluted (in shares) 20,119 20,055 20,491
Cash dividends declared per common share (in dollars per share) $ 1.12 $ 1.08 $ 1.06