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Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2014
OPERATING ACTIVITIES      
Net income $ 12,292,315 $ 14,368,354 $ 11,135,875
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 850,970 934,371 844,339
Stock-based compensation 21,160 58,960 53,200
Excess tax benefits (352,294) (24,288) (57,472)
Deferred income taxes 295,827 155,713 121,881
Changes in operating assets and liabilities      
Accounts receivable 719,888 (632,400) 189,821
Inventories 537,259 (535,159) 129,259
Prepaid expenses and other assets (159,611) 241,363 141,871
Accounts payable and accrued expenses (611,290) $ 303,152 $ (157,350)
Deferred revenue 714,805
Net cash provided by operating activities 14,309,029 $ 14,870,066 $ 12,401,424
INVESTING ACTIVITIES      
Purchases of fixed assets (287,275) (185,007) (160,718)
Purchases of marketable securities (14,568,089) (8,997,086) (22,753,916)
Proceeds from maturities of marketable securities 19,725,000 12,160,000 10,055,000
Net cash provided by (used in) investing activities 4,869,636 2,977,907 (12,859,634)
FINANCING ACTIVITIES      
Proceeds from sale of common stock 292,909 302,701 416,760
Excess tax benefits 352,294 $ 24,288 57,472
Repurchase of common stock (2,311,673) $ (1,263,405)
Payment of dividends to shareholders (19,414,864) $ (10,000,000)
Net cash used in financing activities (21,081,334) (9,673,011) $ (789,173)
(Decrease) increase in cash and cash equivalents (1,902,669) 8,174,962 (1,247,383)
Cash and cash equivalents at beginning of year 9,437,262 1,262,300 2,509,683
Cash and cash equivalents at end of year 7,534,593 9,437,262 1,262,300
Supplemental disclosures of cash flow information:      
Cash paid during the year for income taxes $ 5,810,000 $ 6,800,000 $ 5,263,033