XML 13 R6.htm IDEA: XBRL DOCUMENT v3.25.2
Consolidated Statements of Cash Flows - (Unaudited) - USD ($)
 3 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities    
NET INCOME $ 27,235,000 $ 21,577,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 7,587,000 6,726,000
Loss on write down or disposal of property, capitalized software or investment 17,000 79,000
Stock-based compensation expense 1,417,000 1,070,000
Provision for expected credit losses 192,000 1,325,000
Deferred income tax (355,000) (268,000)
Changes in operating assets and liabilities    
Accounts receivable 1,959,000 (1,966,000)
Customer deposits (6,666,000) (5,880,000)
Prepaid taxes and expenses 1,021,000 1,838,000
Other assets (56,000) (146,000)
Accounts and taxes payable 5,410,000 2,050,000
Accrued liabilities 17,288,000 14,036,000
Operating leases, net (38,000) (2,000)
Net cash provided by operating activities 55,011,000 40,439,000
Cash Flows from Investing Activities    
Purchase of property and equipment (15,463,000) (7,673,000)
Net cash used in investing activities (15,463,000) (7,673,000)
Cash Flows from Financing Activities    
Purchase of treasury stock (9,617,000) (9,526,000)
Proceeds from exercise of common stock options 1,510,000 3,105,000
Net cash used in financing activities (8,107,000) (6,421,000)
Increase in cash and cash equivalents 31,441,000 26,345,000
Cash and cash equivalents at beginning of period 170,584,000 105,563,000
Cash and cash equivalents at end of period 202,025,000 131,908,000
Supplemental Cash Flow Information:    
Income taxes paid 530,000 403,000
Purchase of software license under finance agreement $ 8,485,000 $ 0