XML 43 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities:      
Net income $ 17,165 $ 16,659 $ 20,871
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 1,091 1,411 1,375
Share based compensation 1,943 2,246 2,171
Deferred income taxes (76) (56) 348
Bad debt expense 56 47 48
(Increase) decrease in operating assets and increase (decrease) in liabilities:      
Accounts receivable 77 366 64
Inventories - finished goods (5,384) (1,077) 3,924
Prepaid income taxes 199 465 (335)
Prepaid expenses and other current assets (1,279) (205) (426)
Accounts payable (165) 297 1,964
Accrued expenses and other current liabilities (499) 238 102
Income taxes payable 162    
Net cash provided by operating activities 13,290 20,391 30,106
Cash flows from investing activities:      
Net change in investments (5,189) 12,344 (10,146)
Purchases of property and equipment (626) (705) (667)
Purchases of intangible asset     (10)
Net cash provided by (used in) investing activities (5,815) 11,639 (10,823)
Cash flows from financing activities:      
Dividends paid (31,972) (10,964) (10,727)
Purchases of treasury stock (3,865) (23,685) (12,247)
Proceeds from the exercise of stock options     340
Tax adjustment related to stock compensation (284) (240) (132)
Net cash used in financing activities (36,121) (34,889) (22,766)
Net decrease in cash and cash equivalents (28,646) (2,859) (3,483)
Cash and cash equivalents, at beginning of year 46,801 49,660 53,143
Cash and cash equivalents, at end of year 18,155 46,801 49,660
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 10,140 9,543 12,578
Retirement of treasury stock 3,865 23,685 12,247
Property and equipment purchases in accounts payable     130
Dividends payable in accrued expenses $ 276 $ 168 $ 143