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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities        
Increase in net assets from operations $ 27,078 $ 50,823 $ 65,657 $ 14,665
Adjustments to reconcile increase in net assets from operations to net cash provided by operating activities:        
Net proceeds from disposition of investments 11,023 13,417 78,521 31,956
Return of Capital on Investment 511   768 0
Proceeds from repayment of loan securities or investments 0 0 0 2,111
Purchases of securities (2,482) (1,577) (9,278) (13,077)
Depreciation and amortization 7 6 25 16
Net pension benefit (9) (75) (26) (225)
Realized (gain) loss on investments before income tax (1,765) 1,111 (68,646) (11,328)
Taxes payable on behalf of shareholders on deemed distribution 1,125 1,249 1,125 1,249
Net (increase) decrease in unrealized appreciation of investments (22,296) (48,798) 5,904 (165)
Stock option expense 62 253 334 757
Increase in dividend and interest receivable (5,586) (5,031) (6,462) (5,468)
Decrease (increase) in receivables from affiliates (104) (5) (218) 50
Decrease in other assets 22 0 32 4
Increase (decrease) in other liabilities 1,687 (5) 1,591 (5)
Increase in deferred income taxes (43) 27 9 81
Net cash provided by operating activities 9,230 11,395 69,336 20,621
Cash flows from financing activities        
Distributions from undistributed net investment income (1,520) (1,502) (3,025) (3,003)
Dividend paid from capital gain 0   (66,826) 0
Proceeds from exercise of employee stock options 226 0 3,243 98
Net cash used in financing activities (1,294) (1,502) (66,608) (2,905)
Net increase in cash and cash equivalents 7,936 9,893 2,728 17,716
Cash and cash equivalents at beginning of period 59,687 53,323 64,895 45,499
Cash and cash equivalents at end of period 67,623 63,216 67,623 63,216
Supplemental disclosure of cash flow information:        
Income taxes 0 0 0 0
Non-cash transaction:        
Total Investments $ 4,000 $ 0 $ 4,000 $ 1,000