XML 16 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows - Unaudited - USD ($)
3 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash Flows from Operating Activities    
NET INCOME $ 11,778,000 $ 8,775,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,633,000 5,303,000
(Gain) loss on write down or disposal of property, capitalized software or investment (49,000) 288,000
Stock compensation expense 1,179,000 922,000
Provision for doubtful accounts 1,313,000 276,000
Deferred income tax (294,000) (328,000)
Changes in operating assets and liabilities    
Accounts receivable (2,497,000) (203,000)
Customer deposits (199,000) 741,000
Prepaid taxes and expenses (887,000) 38,000
Other assets 16,000 178,000
Accounts and taxes payable 2,538,000 4,096,000
Accrued liabilities 4,274,000 1,293,000
Net cash provided by operating activities 22,805,000 21,379,000
Cash Flows from Investing Activities    
Purchase of property and equipment (2,969,000) (5,299,000)
Net cash (used in) investing activities (2,969,000) (5,299,000)
Cash Flows from Financing Activities    
Purchase of treasury stock (3,486,000) (11,187,000)
Tax effect of stock option exercises 0 768,000
Exercise of common stock options 1,219,000 737,000
Net cash (used in) financing activities (2,267,000) (9,682,000)
Increase in cash and cash equivalents 17,569,000 6,398,000
Cash and cash equivalents at beginning of period 55,771,000 28,611,000
Cash and cash equivalents at end of period 73,340,000 35,009,000
Supplemental Cash Flow Information:    
Income taxes paid $ 56,000 $ 152,000