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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:      
Net income $ 28,504 $ 17,236 $ 16,954
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 8,477 8,308 7,878
Accretion of investment discount (196) (329) (234)
Provision for accounts receivable allowances 5,188 2,712 2,143
Deferred tax (benefit) provision (1,608) 1,868 1,666
Gain on bargain purchases (19,990) 0 0
Loss (gain) on sale or disposal of assets 88 (120) (16)
Share-based compensation expense 1,653 1,654 2,038
Changes in assets and liabilities, net of acquisitions:      
Accounts receivable (6,095) (4,268) 1,593
Inventories (30) (4,674) (2,903)
Prepaid expenses and other assets 2,506 (4,627) 1,248
Accounts payable (1,153) 539 2,253
Accrued expenses and long-term obligations (2,473) (3,176) 371
Net cash provided by operating activities 14,871 15,123 32,991
Cash flows from investing activities:      
Maturities of investment securities 60,000 95,000 30,000
Purchase of held-to-maturity investment securities (19,928) (84,632) (69,749)
Purchase of businesses, net of cash received of $2,778 in 2015 (15,039) (19,545) (15,146)
Purchase of property, plant and equipment (4,957) (6,411) (3,924)
Purchase of intangibles (100) 0 0
Proceeds from sale of assets 311 1,530 26
Net cash provided by (used for) investing activities 20,287 (14,058) (58,793)
Cash flows from financing activities:      
Payments on long-term debt (65) 0 0
Payment of financing transaction costs 0 0 (112)
Dividends paid (7,273) (6,764) (5,878)
Purchase of treasury stock 0 (11,274) 0
Proceeds from exercise of stock options 123 770 46
Payments for tax withholding on net restricted stock settlements (527) (520) (293)
Tax effect of stock awards 286 221 268
Net cash used for financing activities (7,456) (17,567) (5,969)
Effect of exchange rate changes on cash 64 0 0
Net increase (decrease) in cash and cash equivalents 27,766 (16,502) (31,771)
Cash and cash equivalents at beginning of period 19,927 36,429 68,200
Cash and cash equivalents at end of period $ 47,693 $ 19,927 $ 36,429