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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:    
Net income $ 33,675 $ 17,825
Adjustments to reconcile net income to net cash used for operating activities:    
Depreciation and amortization 6,327 6,129
Accretion of investment discount (194) (207)
Provision for accounts receivable allowances 4,113 2,048
Deferred tax provision 245 1,409
Share-based compensation expense 1,161 1,235
Gain on bargain purchases (20,087) 0
Loss on sale of assets 52 15
Changes in assets and liabilities:    
Accounts receivable (62,763) (38,974)
Inventory (1,486) (1,588)
Other assets 3,125 635
Accounts payable 3,255 4,498
Other accrued liabilities 6,975 5,602
Total adjustments (59,277) (19,198)
Net cash used for operating activities (25,602) (1,373)
Cash flows from investing activities:    
Maturities of investment securities 60,000 70,000
Purchase of held-to-maturity investment securities 0 (59,683)
Purchase of businesses (15,039) 0
Purchase of property, plant and equipment (4,037) (5,058)
Purchase of intangibles (100) 0
Proceeds from sale of fixed assets 311 23
Net cash provided by investing activities 41,135 5,282
Cash flows from financing activities:    
Dividends paid (5,453) (4,953)
Purchase of treasury stock 0 (10,000)
Exercise of stock options, net of tax withholdings 124 122
Payments for tax withholding on net restricted stock settlements (527) (518)
Tax effect on stock awards 277 259
Net cash used for financing activities (5,579) (15,090)
Effect of exchange rate changes on cash 188 0
Net increase (decrease) in cash and cash equivalents 10,142 (11,181)
Cash and cash equivalents at beginning of period 19,927 36,429
Cash and cash equivalents at end of period $ 30,069 $ 25,248