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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2022
Operating activities      
Net Income (Loss) $ 86,195 $ 14,582 $ 6,478
Adjustments to reconcile net income to net cash provided by operating activities:      
(Gain) loss on asset disposals (1,145) 66 195
Depreciation of fixed assets 3,896 1,769 2,210
Amortization of internal-use software and intangibles 1,366 1,743 1,654
Deferred income taxes (66,353) (181) (925)
Share-based compensation 14,111 12,958 14,549
Changes in operating assets and liabilities:      
Accounts receivable (6,996) 2,537 2,551
Contract assets (36) (590) 684
Inventory 5,189 (2,897) (5,764)
Prepaids and other current assets (291) (2,084) (484)
Accounts payable 973 (1,582) 3,417
Contract liabilities 3,965 6,383 4,902
Accrued liabilities 5,659 2,711 146
Income taxes payable, net (1,177) 290 50
Other changes, net 2,830 (1,242) (1,188)
Net cash provided by operating activities 48,186 34,463 28,475
Investing activities      
Capital expenditures (8,127) (7,238) (1,197)
Proceeds from sale of assets 552 0 0
Cash (paid for) business combinations, net of cash acquired 0 395 (24,455)
Additional investments in corporate-owned life insurance policies (27) (27) (27)
Net cash used in investing activities (7,602) (6,870) (25,679)
Financing activities      
Payment of preferred stock dividends (1,663) (1,836) (1,836)
Repurchase of common shares to satisfy employee tax withholding (6,893) (9,254) (3,046)
Principal payments under long-term obligations (2) (4) (19)
Net cash used in financing activities (8,558) (11,094) (4,901)
Effect of exchange rate changes on cash 23 (628) (104)
Net increase (decrease) in cash and cash equivalents 32,049 15,871 (2,209)
Cash and cash equivalents at beginning of period 112,842 96,971 99,180
Cash and cash equivalents at end of period $ 144,891 $ 112,842 $ 96,971