XML 37 R5.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ 5,757 $ 4,973
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 191 163
Share based compensation 371 373
Deferred income taxes (148) (90)
Bad debt expense 168 17
(Increase) decrease in operating assets and increase (decrease) in liabilities:    
Accounts receivable (1,326) 146
Inventories - finished goods $ (2,152) 2,840
Prepaid income taxes   54
Prepaid expenses and other current assets $ (161) 27
Accounts payable 4,827 2,821
Income taxes payable 3,302 2,889
Accrued expenses and other current liabilities (18) 44
Net cash provided by operating activities 10,811 14,257
Cash flows from investing activities:    
Net change in investments (16) (20)
Purchases of property and equipment (110) (6)
Net cash used in investing activities (126) (26)
Cash flows from financing activities:    
Dividends paid (3,613) (3,395)
Net cash used in financing activities (3,613) (3,395)
Net increase in cash and cash equivalents 7,072 10,836
Cash and cash equivalents, at beginning of period 35,613 18,305
Cash and cash equivalents, at end of period 42,685 29,141
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 226 66
Dividends payable in accrued expenses $ 245 $ 300