XML 19 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:      
Net income $ 21,100 $ 30,603 $ 25,851
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 2,738 2,427 2,257
Share based compensation 4,549 3,307 2,822
Deferred income taxes (345) 311 (151)
Bad debt expense 165 130 191
(Increase) decrease in operating assets and increase (decrease) in liabilities:      
Accounts receivable 509 1,126 (1,492)
Inventories - finished goods 1,965 (16,536) 3,486
Prepaid income taxes 278 (959) 582
Prepaid expenses and other current assets (363) (974) (376)
Accounts payable (12,048) 19,890 3,383
Accrued expenses and other current liabilities (50) 1,221 1,820
Income taxes payable 0 (471) 471
Net cash provided by operating activities 18,498 40,075 38,844
Cash flows from investing activities:      
Purchases of property and equipment (1,752) (2,432) (2,311)
Net cash used in investing activities (1,752) (2,432) (2,311)
Cash flows from financing activities:      
Dividends paid (24,384) (22,687) (21,803)
Repurchase and retirement of common stock 0 0 (11,497)
Net cash used in financing activities (24,384) (22,687) (33,300)
Net (decrease) increase in cash and cash equivalents (7,638) 14,956 3,233
Cash and cash equivalents, at beginning of year 118,718 103,762 100,529
Cash and cash equivalents, at end of year 111,080 118,718 103,762
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 6,085 10,018 7,140
Property and equipment in current assets 0 0 1,745
Dividends payable in accrued expenses $ 558 $ 198 $ 246