XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
3 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities    
NET INCOME $ 16,691,000 $ 16,843,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,319,000 5,900,000
Loss (gain) on write down or disposal of property, capitalized software or investment 2,000 (11,000)
Stock compensation expense 1,379,000 1,345,000
Provision for doubtful accounts 452,000 170,000
Deferred income tax (344,000) (336,000)
Changes in operating assets and liabilities    
Accounts receivable 1,044,000 (2,705,000)
Customer deposits (4,640,000) 4,028,000
Prepaid taxes and expenses 4,307,000 (481,000)
Other assets (30,000) (377,000)
Accounts and taxes payable 4,197,000 3,257,000
Accrued liabilities 565,000 (12,894,000)
Operating lease liabilities 79,000 (279,000)
Net cash provided by operating activities 30,021,000 14,460,000
Cash Flows from Investing Activities    
Purchase of property and equipment (8,380,000) (6,463,000)
Net cash used in investing activities (8,380,000) (6,463,000)
Cash Flows from Financing Activities    
Purchase of treasury stock (26,688,000) (14,196,000)
Proceeds from employee stock purchase plan 1,851,000 5,145,000
Net cash used in financing activities (24,837,000) (9,051,000)
Decrease in cash and cash equivalents (3,196,000) (1,054,000)
Cash and cash equivalents at beginning of period 97,504,000 139,716,000
Cash and cash equivalents at end of period 94,308,000 138,662,000
Supplemental Cash Flow Information:    
Income taxes paid 226,000 442,000
Purchase of software license under finance agreement $ 5,273,000