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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Operating activities        
Net income $ 982 $ 5,867 $ 2,954 $ 5,350
Adjustments to reconcile net income to net cash provided by operating activities        
Loss on disposal of property & equipment     123  
Depreciation 548 715 1,114 1,438
Amortization of internal-use software 345 508 810 968
Deferred income taxes     (303) (269)
Share-based compensation 3,342 1,256 6,963 2,682
Changes in operating assets and liabilities     12 (3,527)
Net cash provided by operating activities     11,673 6,642
Investing activities        
Capital expenditures     (786) (471)
Additional investments in corporate-owned life insurance policies     (2) (2)
Net cash used in investing activities     (788) (473)
Financing activities        
Repurchase of common shares to satisfy employee tax withholding     (2,709) (959)
Series A convertible preferred stock issuance proceeds, net of issuance costs       33,969
Payment of preferred stock dividends     (918) (199)
Principal payments under long-term obligations     (11) (12)
Net cash (used in) provided by financing activities     (3,638) 32,799
Effect of exchange rate changes on cash     (38) 85
Net increase in cash and cash equivalents     7,209 39,053
Cash and cash equivalents at beginning of period     99,180 46,653
Cash and cash equivalents at end of period $ 106,389 $ 85,706 $ 106,389 $ 85,706