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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 10,777 $ 16,180
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,341 1,169
Share based compensation 1,600 1,513
Deferred income taxes 346 408
Bad debt expense 58 61
(Increase) decrease in operating assets and increase (decrease) in liabilities:    
Accounts receivable 675 1,570
Inventories - finished goods 14,687 (3,567)
Prepaid income taxes 60 0
Prepaid expenses and other current assets 106 916
Accounts payable (28,365) (3,600)
Accrued expenses and other current liabilities (210) 391
Income taxes payable 0 147
Net cash provided by operating activities 1,075 15,188
Cash flows from investing activities:    
Purchases of property and equipment (972) (1,193)
Net cash used in investing activities (972) (1,193)
Cash flows from financing activities:    
Dividends paid (12,259) (11,413)
Net cash used in financing activities (12,259) (11,413)
Net (decrease) increase in cash and cash equivalents (12,156) 2,582
Cash and cash equivalents, at beginning of period 118,718 103,762
Cash and cash equivalents, at end of period 106,562 106,344
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 2,935 4,206
Dividends payable in accrued expenses $ 110 $ 126