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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:      
Net income $ 25,851 $ 37,740 $ 37,283
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 2,257 2,225 2,126
Share based compensation 2,822 3,097 2,575
Deferred income taxes (151) 125 (92)
Bad debt expense 191 85 112
(Increase) decrease in operating assets and increase (decrease) in liabilities:      
Accounts receivable (1,492) (335) (596)
Inventories - finished goods 3,486 1,967 (3,109)
Prepaid income taxes 582 206 (788)
Prepaid expenses and other current assets (376) (526) 137
Accounts payable 3,383 1,001 53
Accrued expenses and other current liabilities 1,820 (447) 337
Income taxes payable 471 (659)
Net cash provided by operating activities 38,844 45,138 37,379
Cash flows from investing activities:      
Purchases of property and equipment (2,311) (620) (703)
Net cash used in investing activities (2,311) (620) (703)
Cash flows from financing activities:      
Dividends paid (21,803) (21,925) (17,470)
Repurchase and retirement of common stock (11,497)
Net cash used in financing activities (33,300) (21,925) (17,470)
Net increase in cash and cash equivalents 3,233 22,593 19,206
Cash and cash equivalents, at beginning of year 100,529 77,936 58,730
Cash and cash equivalents, at end of year 103,762 100,529 77,936
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 7,140 11,051 18,046
Property and equipment in current assets 1,745
Dividends payable in accrued expenses $ 246 $ 203 $ 240