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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities        
Increase (decrease) in net assets from operations $ 50,193 $ (25,703) $ 38,579 $ (36,158)
Adjustments to reconcile increase (decrease) in net assets from operations to net cash provided by (used in) operating activities:        
Net proceeds/(expenses) from disposition of investments (7) 18,500 67,498 18,539
Return of Capital on Investments 257 0 257 0
Proceeds from repayment of loan securities or investments 0 2,000 0 2,111
Purchases of securities (545) (1,678) (6,796) (11,500)
Depreciation and amortization 8 5 18 10
Net pension benefit/(expense) 58 (77) (17) (150)
Realized (gain)/loss on investments before income tax 7 (18,350) (66,881) (12,439)
Net (increase) decrease in unrealized appreciation of investments (50,321) 44,076 28,200 48,634
Stock option expense 15 259 272 503
Increase in dividend and interest receivable (442) (207) (877) (436)
Decrease /(increase) in receivables from affiliates 588 (433) (113) 55
Decrease/ (increase) in other assets (15) 4 10 5
Increase (decrease) in other liabilities 80 125 (96) 0
Decrease in commitment payable (5,950) 0 0 0
Increase in deferred income taxes 26 29 52 54
Net cash provided by (used in) operating activities (6,048) 18,550 60,106 9,228
Cash flows from financing activities        
Distributions from undistributed net investment income 0 0 (1,505) (1,501)
Proceeds from exercise of employee stock options 0 98 3,017 98
Dividends paid from net realized gain 0 0 (66,826) 0
Net cash used in financing activities 0 98 (65,314) (1,403)
Net increase (decrease) in cash and cash equivalents (6,048) 18,648 (5,208) 7,825
Cash and cash equivalents at beginning of period 65,735 34,675 64,895 45,498
Cash and cash equivalents at end of period $ 59,687 $ 53,323 $ 59,687 $ 53,323