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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities      
Increase in net assets from operations $ 106,707,000 $ 91,757,000 $ 53,688,000
Adjustments to reconcile increase in net assets from operations to net cash provided by operating activities:      
Net proceeds from disposition of investments 99,535,000 32,454,000 71,133,000
Return of Capital on Investment 767,000 0 0
Proceeds from repayment of loans 0 2,111,000 4,519,000
Purchases of securities (10,018,000) (13,377,000) (10,520,000)
Depreciation and amortization 30,000 25,000 27,000
Net pension benefit (34,000) (300,000) (291,000)
Realized gains on investments before income tax (89,557,814) (11,826,876) (63,462,583)
Taxes payable on behalf of shareholders on deemed distribution 1,125,000 1,249,000 24,577,000
Net increase in unrealized appreciation of investments (16,367,000) (78,635,000) (12,999,000)
Stock option and restricted awards expense 515,000 1,050,000 957,000
(Increase) decrease in dividend and interest receivable (724,000) (1,218,000) 490,000
(Increase) decrease in receivables from affiliates (70,000) 120,000 525,000
(Increase) decrease in other assets 6,000 (81,000) (18,000)
Increase (decrease) in other liabilities 2,520,000 344,000 (496,000)
(Decrease) increase in deferred income taxes (92,000) (123,000) 102,000
Net cash provided by operating activities 94,342,000 23,549,000 68,231,000
Cash flows from financing activities      
Distributions from undistributed net investment income (3,025,000) (3,003,000) (2,994,000)
Dividends paid from capital gains (77,301,000) 0 0
Proceeds from exercise of employee stock options 3,981,000 99,000 745,000
Payment of federal income tax for deemed capital gains distribution (1,125,000) (1,249,000) (24,577,000)
Net cash used in financing activities (77,470,000) (4,153,000) (26,826,000)
Net increase in cash and cash equivalents 16,872,000 19,396,000 41,405,000
Cash and cash equivalents at beginning of period 64,895,000 45,499,000 4,094,000
Cash and cash equivalents at end of period 81,767,000 64,895,000 45,499,000
Supplemental disclosure of cash flow information:      
Income taxes 590,000 0 0
Other non-cash transactions:      
Total Investments $ 4,000,000 $ 1,000,000 $ 6,617,000