XML 31 R6.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Cash Flows - Unaudited - USD ($)
9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities    
NET INCOME $ 35,630,000 $ 34,865,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 16,818,000 17,096,000
Loss on write down or disposal of property, capitalized software or investment 69,000 31,000
Stock compensation expense 3,566,000 3,110,000
(Recovery) provision for doubtful accounts (1,421,000) 1,620,000
Deferred income tax (891,000) (777,000)
Changes in operating assets and liabilities    
Accounts receivable 6,570,000 890,000
Customer deposits (684,000) (7,142,000)
Prepaid taxes and expenses (1,609,000) (1,361,000)
Other assets (813,000) 143,000
Accounts and taxes payable 5,391,000 1,811,000
Accrued liabilities 9,625,000 17,617,000
Operating lease liabilities (5,954,000) 0
Net cash provided by operating activities 66,297,000 67,903,000
Cash Flows from Investing Activities    
Purchase of property and equipment (27,746,000) (10,308,000)
Net cash used in investing activities (27,746,000) (10,308,000)
Cash Flows from Financing Activities    
Purchase of treasury stock (47,512,000) (22,591,000)
Exercise of common stock options 6,637,000 5,456,000
Exercise of employee stock purchase options 239,000 252,000
Net cash used in financing activities (40,636,000) (16,883,000)
(Decrease)/increase in cash and cash equivalents (2,085,000) 40,712,000
Cash and cash equivalents at beginning of period 91,713,000 55,771,000
Cash and cash equivalents at end of period 89,628,000 96,483,000
Supplemental Cash Flow Information:    
Income taxes paid 11,927,000 8,931,000
Purchase of software license under finance agreement $ 3,790,000 $ 0