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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 2,775 $ 4,428
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 753 647
Share based compensation 1,536 718
Deferred income taxes (294) (167)
Bad debt expense 45 29
(Increase) decrease in operating assets and increase (decrease) in liabilities:    
Accounts receivable 86 396
Inventories - finished goods 9,880 5,246
Prepaid income taxes 681 959
Prepaid expenses and other current assets 451 442
Accounts payable (10,469) (14,834)
Accrued expenses and other current liabilities 97 1,145
Income taxes payable 839 569
Net cash provided by (used in) operating activities 6,380 (422)
Cash flows from investing activities:    
Purchase of minority interest investment in Vetster 5,000 (0)
Purchases of property and equipment (982) (477)
Net cash used in investing activities (5,982) (477)
Cash flows from financing activities:    
Dividends paid (6,064) (6,033)
Net cash used in financing activities (6,064) (6,033)
Net decrease in cash and cash equivalents (5,666) (6,932)
Cash and cash equivalents, at beginning of period 111,080 118,718
Cash and cash equivalents, at end of period 105,414 111,786
Supplemental disclosure of cash flow information:    
Dividends payable in accrued expenses $ 791 $ 245