Year Ended March 31,

2020

2019

2018

Cash paid during the year for interest

$

2,854

$

2,966

$

3,075

Cash paid during the year for income taxes

$

7,804

$

10,176

$

8,790

Cumulative-effect adjustment from adoption of accounting guidance

$

—

$

997

$

—

Shares issued for contingent compensation payment

$

425

$

425

$

—

Non-cash investing activities:

Shares issued for acquisition of business

$

—

$

—

$

612

Conversion of note receivable

$

902

$

—

$

—

Contribution of investment for purchase of intangible assets

$

2,201

$

—

$

—

Non-cash financing activities:

Establishment of net deferred tax assets related to tax receivable agreement

$

37,394

$

56,010

$

34,492

Dividends declared but not paid

$

8,027

$

5,673

$

3,893

Members’ distributions declared but not paid

$

5,829

$

17,081

$

11,837