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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:    
Net income $ 17,825 $ 18,290
Adjustments to reconcile net income to net cash (used for) provided by operating activities:    
Depreciation and amortization 6,129 5,835
Accretion of investment discount (207) (145)
Provision for accounts receivable allowances 2,048 1,748
Deferred tax provision 1,409 954
Stock-based compensation expense 1,235 1,533
Loss on sale of assets 15 0
Changes in assets and liabilities:    
Accounts receivable (38,974) (41,218)
Inventory (1,588) (1,600)
Other assets 635 1,497
Accounts payable 4,498 7,569
Other accrued liabilities 5,602 7,643
Total adjustments (19,198) (16,184)
Net cash (used for) provided by operating activities (1,373) 2,106
Cash flows from investing activities:    
Maturities of investment securities 70,000 30,000
Purchase of held-to-maturity investment securities (59,683) (39,795)
Purchase of a business 0 (5,142)
Purchase of property, plant and equipment (5,058) (2,938)
Proceeds from sale of fixed assets 23 5
Net cash provided by (used for) investing activities 5,282 (17,870)
Cash flows from financing activities:    
Dividends paid (4,953) (4,196)
Purchase of treasury stock (10,000) 0
Exercise of stock options, net of tax withholdings 122 56
Payments for tax withholding on net restricted stock settlements (518) (291)
Tax effect on stock awards 259 158
Net cash used for financing activities (15,090) (4,273)
Net decrease in cash and cash equivalents (11,181) (20,037)
Cash and cash equivalents at beginning of period 36,429 68,200
Cash and cash equivalents at end of period $ 25,248 $ 48,163