XML 51 R6.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Statements of Cash Flows - Unaudited - USD ($)
6 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows from Operating Activities    
NET INCOME $ 26,278,000 $ 24,567,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 17,750,000 11,275,000
Loss (gain) on write down or disposal of property, capitalized software or investment 26,000 (37,000)
Stock compensation expense 2,423,000 2,087,000
Provision for doubtful accounts 841,000 1,503,000
Deferred income tax (606,000) (521,000)
Changes in operating assets and liabilities    
Accounts receivable (926,000) (1,628,000)
Customer deposits 3,146,000 (5,837,000)
Prepaid taxes and expenses (447,000) (502,000)
Other assets (682,000) 125,000
Accounts and taxes payable 4,389,000 248,000
Accrued liabilities 7,843,000 17,320,000
Operating lease liabilities (13,596,000) 0
Net cash provided by operating activities 46,439,000 48,600,000
Cash Flows from Investing Activities    
Purchase of property and equipment (17,542,000) (6,473,000)
Net cash (used in) investing activities (17,542,000) (6,473,000)
Cash Flows from Financing Activities    
Purchase of treasury stock (28,316,000) (11,302,000)
Exercise of common stock options 5,387,000 3,285,000
Exercise of employee stock purchase options 239,000 252,000
Net cash (used in) financing activities (22,690,000) (7,765,000)
Increase in cash and cash equivalents 6,207,000 34,362,000
Cash and cash equivalents at beginning of period 91,713,000 55,771,000
Cash and cash equivalents at end of period 97,920,000 90,133,000
Supplemental Cash Flow Information:    
Income taxes paid 8,157,000 5,585,000
Purchase of software license under finance agreement $ 3,790,000 $ 0