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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities    
Net income $ 14,106 $ 1,548
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of fixed assets 838 923
Amortization of internal-use software and intangibles 251 430
Deferred income taxes (8,861) (129)
Share-based compensation 4,429 3,167
Changes in operating assets and liabilities (9,665) (5,917)
Net cash provided by operating activities 1,098 22
Investing activities    
Capital expenditures (869) (3,065)
Additional investments in corporate-owned life insurance policies 0 (2)
Net cash used in investing activities (869) (3,067)
Financing activities    
Payment of preferred stock dividends 0 (918)
Repurchase of common shares to satisfy employee tax withholding (925) (1,783)
Principal payments under long-term obligations 0 (1)
Net cash used in financing activities (925) (2,702)
Effect of exchange rate changes on cash (84) (2)
Net decrease in cash and cash equivalents (780) (5,749)
Cash and cash equivalents at beginning of period 144,891 112,842
Cash and cash equivalents at end of period $ 144,111 $ 107,093