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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
3 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net income $ 3,337 $ 5,879
Adjustments to reconcile net income to net cash used by operating activities:    
Depreciation and amortization 89 155
Deferred tax expense 1,172 1,191
Asset allowances, reserves and other (596) 312
Gain on sale of marketable security (828)  
Changes in assets and liabilities:    
Accounts receivable (20,465) (14,733)
Other receivables 326 (83)
Due from affiliates (15) (34)
Inventories (10,441) (18,794)
Prepaid expenses and other current assets 45 202
Other assets 8 2
Accounts payable and other current liabilities 8,275 20,700
Due to affiliates (2) 8
Interest and income taxes payable 48 76
Net cash (used) by operating activities (19,047) (5,119)
Cash flows from investing activities:    
Proceeds from sale of marketable security 4,725  
(Increase) decrease in restricted cash (1,449) 2,587
Additions to property and equipment   (41)
Net cash provided by investing activities 3,276 2,546
Cash flows from financing activities:    
Repayments of short-term borrowings (2,466) (9)
Net (decrease) in capital lease and other rental obligations (23) (73)
Borrowings under long-term credit facility   29,707
Repayments of borrowings under long-term credit facility   (29,707)
Net cash (used) by financing activities (2,489) (82)
Net (decrease) in cash and cash equivalents (18,260) (2,655)
Cash and cash equivalents at beginning of period 39,796 [1] 9,969
Cash and cash equivalents at end of period 21,536 7,314
Cash paid during the period for:    
Interest 8 28
Income taxes $ 377 $ 168
[1] Reference is made to the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2011 filed with the Securities and Exchange Commission on July 14, 2011.