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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:      
Net income $ 30,603 $ 25,851 $ 37,740
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 2,427 2,257 2,225
Share based compensation 3,307 2,822 3,097
Deferred income taxes 311 (151) 125
Bad debt expense 130 191 85
(Increase) decrease in operating assets and increase (decrease) in liabilities:      
Accounts receivable 1,126 (1,492) (335)
Inventories - finished goods (16,536) 3,486 1,967
Prepaid income taxes (959) 582 206
Prepaid expenses and other current assets (974) (376) (526)
Accounts payable 19,890 3,383 1,001
Accrued expenses and other current liabilities 1,221 1,820 (447)
Income taxes payable (471) 471 0
Net cash provided by operating activities 40,075 38,844 45,138
Cash flows from investing activities:      
Purchases of property and equipment (2,432) (2,311) (620)
Net cash used in investing activities (2,432) (2,311) (620)
Cash flows from financing activities:      
Dividends paid (22,687) (21,803) (21,925)
Repurchase and retirement of common stock 0 (11,497) 0
Net cash used in financing activities (22,687) (33,300) (21,925)
Net increase in cash and cash equivalents 14,956 3,233 22,593
Cash and cash equivalents, at beginning of year 103,762 100,529 77,936
Cash and cash equivalents, at end of year 118,718 103,762 100,529
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 10,018 7,140 11,051
Property and equipment in current assets 0 1,745 0
Dividends payable in accrued expenses $ 198 $ 246 $ 203