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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Operating activities        
Net Income (Loss) $ 77,141 $ 3,892 $ 83,234 $ 10,507
Adjustments to reconcile net income to net cash provided by operating activities:        
Gain on asset disposals     (1,145) 0
Depreciation of fixed assets 909 437 3,042 1,371
Amortization of internal-use software and intangibles 343 430 1,120 1,326
Deferred income taxes 65,100   (66,506) (378)
Share-based compensation 3,638 3,466 9,489 9,410
Changes in operating assets and liabilities     (10,855) (4,556)
Net cash provided by operating activities     18,379 17,680
Investing activities        
Capital expenditures     (7,658) (3,616)
Additional investments in corporate-owned life insurance policies     (2) (27)
Net cash used in investing activities     (7,660) (3,643)
Financing activities        
Payment of preferred stock dividends     (1,663) (1,836)
Repurchase of common shares to satisfy employee tax withholding     (5,734) (2,924)
Principal payments under long-term obligations     (2) (3)
Net cash used in financing activities     (7,399) (4,763)
Effect of exchange rate changes on cash     38 (427)
Net increase in cash and cash equivalents     3,358 8,847
Cash and cash equivalents at beginning of period     112,842 96,971
Cash and cash equivalents at end of period $ 116,200 $ 105,818 $ 116,200 $ 105,818