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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities:      
Net income $ 20,567 $ 17,453 $ 17,972
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 770 660 867
Share based compensation 1,612 1,481 1,479
Discontinued project costs   1,714  
Deferred income taxes (23) 157 (183)
(Increase) decrease in operating assets and increase (decrease) in liabilities:      
Accounts receivable (53) (264) (417)
Inventories - finished goods (518) 10,659 (4,126)
Prepaid income taxes (243) 54 (54)
Prepaid expenses and other current assets (1,055) 662 (1,237)
Accounts payable (149) (616) (686)
Accrued expenses and other current liabilities (65) (61) (42)
Income taxes payable (50) 50 (162)
Net cash provided by operating activities 21,053 32,043 13,506
Cash flows from investing activities:      
Proceeds from sale of short term investments 15,591    
Net change in investments 54 (68) (84)
Purchases of property and equipment (20,130) (918) (45)
Net cash used in investing activities (4,485) (986) (129)
Cash flows from financing activities:      
Dividends paid (14,684) (13,807) (13,326)
Tax adjustment related to stock compensation 142 58 99
Net cash used in financing activities (14,542) (13,749) (13,227)
Net increase in cash and cash equivalents 2,026 17,308 150
Cash and cash equivalents, at beginning of year 35,613 18,305 18,155
Cash and cash equivalents, at end of year 37,639 35,613 18,305
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 12,173 10,026 10,727
Dividends payable in accrued expenses $ 143 $ 212 $ 262