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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating activities        
Net Income (Loss) $ 1,364 $ 4,545 $ 15,470 $ 6,093
Adjustments to reconcile net income to net cash provided by operating activities:        
Loss on asset disposals     21 0
Depreciation of fixed assets 915 1,209 1,752 2,133
Amortization of internal-use software and intangibles 904 347 1,155 776
Deferred income taxes     (7,634) (389)
Share-based compensation 4,009 2,684 8,438 5,851
Changes in operating assets and liabilities     (11,514) (8,994)
Net cash provided by operating activities     7,688 5,470
Investing activities        
Cash paid for business combination, net of cash acquired     (144,945) 0
Capital expenditures     (1,520) (6,002)
Additional investments in corporate-owned life insurance policies     0 (2)
Net cash used in investing activities     (146,465) (6,004)
Financing activities        
Payment of preferred stock dividends     0 (918)
Debt proceeds, net of issuance costs     49,655 0
Proceeds from Employee Stock Purchase Plan purchases     453 0
Repurchase of common shares to satisfy employee tax withholding     (1,428) (3,868)
Principal payments under long-term obligations     0 (2)
Net cash provided by (used in) financing activities     48,680 (4,788)
Effect of exchange rate changes on cash     94 (107)
Net decrease in cash and cash equivalents     (90,003) (5,429)
Cash and cash equivalents at beginning of period     144,891 112,842
Cash and cash equivalents at end of period $ 54,888 $ 107,413 $ 54,888 $ 107,413