XML 13 R6.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statements of Cash Flows - (Unaudited) - USD ($)
6 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows from Operating Activities    
NET INCOME $ 44,975,000 $ 39,703,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 14,438,000 12,825,000
Loss on write down or disposal of property, capitalized software or investment 109,000 221,000
Stock-based compensation expense 2,552,000 2,613,000
Provision for expected credit losses 1,764,000 590,000
Deferred income tax (638,000) (653,000)
Changes in operating assets and liabilities    
Accounts receivable (7,049,000) (6,493,000)
Customer deposits (20,968,000) (10,105,000)
Prepaid taxes and expenses (2,064,000) (1,677,000)
Other assets 639,000 (26,000)
Accounts and taxes payable (2,458,000) (2,680,000)
Accrued liabilities 30,817,000 18,565,000
Operating leases, net 630,000 1,736,000
Net cash provided by operating activities 62,747,000 54,619,000
Cash Flows from Investing Activities    
Purchase of property and equipment (17,559,000) (12,276,000)
Net cash used in investing activities (17,559,000) (12,276,000)
Cash Flows from Financing Activities    
Purchase of treasury stock (19,115,000) (27,205,000)
Proceeds from exercise of common stock options 6,371,000 4,946,000
Proceeds from purchases under employee stock purchase plan 342,000 336,000
Net cash used in financing activities (12,402,000) (21,923,000)
Increase in cash and cash equivalents 32,786,000 20,420,000
Cash and cash equivalents at beginning of period 105,563,000 71,329,000
Cash and cash equivalents at end of period 138,349,000 91,749,000
Supplemental Cash Flow Information:    
Income taxes paid 14,501,000 13,913,000
Purchase of software license under finance agreement $ 0 $ 2,728,000