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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Operating activities        
Net income $ 1,542 $ (2,070) $ 4,496 $ 3,280
Adjustments to reconcile net income to net cash provided by operating activities        
Loss on disposal of property & equipment     123  
Depreciation 495 722 1,609 2,160
Amortization of internal-use software 267 521 1,077 1,490
Deferred income taxes     (491) (499)
Share-based compensation 3,839 6,630 10,802 9,312
Changes in operating assets and liabilities     4,199 (659)
Net cash provided by operating activities     21,815 15,084
Investing activities        
Capital expenditures     (1,078) (1,076)
Additional investments in corporate-owned life insurance policies     (3) (2)
Net cash used in investing activities     (1,081) (1,078)
Financing activities        
Repurchase of common shares to satisfy employee tax withholding     (2,902) (1,069)
Series A convertible preferred stock issuance proceeds, net of issuance costs       33,969
Payment of preferred stock dividends     (1,836) (1,117)
Principal payments under long-term obligations     (16) (18)
Net cash (used in) provided by financing activities     (4,754) 31,765
Effect of exchange rate changes on cash     (38) 184
Net increase in cash and cash equivalents     15,942 45,955
Cash and cash equivalents at beginning of period     99,180 46,653
Cash and cash equivalents at end of period $ 115,122 $ 92,608 $ 115,122 $ 92,608