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CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
6 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows from Operating Activities    
NET INCOME $ 31,347,000 $ 32,915,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 12,645,000 11,845,000
Gain on write down or disposal of property, capitalized software or investment 0 (11,000)
Stock compensation expense 2,329,000 2,701,000
Provision for doubtful accounts 1,239,000 129,000
Deferred income tax (582,000) (675,000)
Changes in operating assets and liabilities    
Accounts receivable (3,440,000) (4,846,000)
Customer deposits (5,989,000) (4,563,000)
Prepaid taxes and expenses 2,922,000 (2,464,000)
Other assets (317,000) (292,000)
Accounts and taxes payable (2,676,000) 450,000
Accrued liabilities 1,543,000 302,000
Operating lease liabilities 734,000 (292,000)
Net cash provided by operating activities 39,755,000 35,199,000
Cash Flows from Investing Activities    
Purchase of property and equipment (13,396,000) (11,617,000)
Net cash used in investing activities (13,396,000) (11,617,000)
Cash Flows from Financing Activities    
Purchase of treasury stock (52,286,000) (39,755,000)
Exercise of common stock options 3,702,000 7,261,000
Proceeds from employee stock purchase plan 346,000 271,000
Net cash used in financing activities (48,238,000) (32,223,000)
Decrease in cash and cash equivalents (21,879,000) (8,641,000)
Cash and cash equivalents at beginning of period 97,504,000 139,716,000
Cash and cash equivalents at end of period 75,625,000 131,075,000
Supplemental Cash Flow Information:    
Income taxes paid 10,968,000 12,534,000
Purchase of software license under finance agreement $ 5,273,000 $ 0