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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:    
Net income $ 15,034 $ 23,791
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 2,051 1,791
Share based compensation 3,040 2,294
Deferred income taxes (19) 353
Bad debt expense 104 84
(Increase) decrease in operating assets and increase (decrease) in liabilities:    
Accounts receivable 1,216 1,928
Inventories - finished goods 6,780 (10,281)
Prepaid income taxes (911) 0
Prepaid expenses and other current assets 1,287 (983)
Accounts payable (17,613) 2,211
Accrued expenses and other current liabilities (1,188) 286
Income taxes payable 0 152
Net cash provided by operating activities 9,781 21,626
Cash flows from investing activities:    
Purchases of property and equipment (1,266) (1,848)
Net cash used in investing activities (1,266) (1,848)
Cash flows from financing activities:    
Dividends paid (18,322) (17,039)
Net cash used in financing activities (18,322) (17,039)
Net (decrease) increase in cash and cash equivalents (9,807) 2,739
Cash and cash equivalents, at beginning of period 118,718 103,762
Cash and cash equivalents, at end of period 108,911 106,501
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 5,580 6,356
Dividends payable in accrued expenses $ 329 $ 174