XML 16 R5.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:    
Net income $ 15,149 $ 12,502
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 544 487
Share based compensation 1,189 1,118
Discontinued project costs   1,714
Deferred income taxes (109) 129
Bad debt expense 243 66
(Increase) decrease in operating assets and increase (decrease) in liabilities:    
Accounts receivable 323 343
Inventories - finished goods 6,207 14,114
Prepaid income taxes (334) 54
Prepaid expenses and other current assets (895) 763
Accounts payable 212 (1,892)
Income taxes payable (50) 283
Accrued expenses and other current liabilities 156 (153)
Net cash provided by operating activities 22,635 29,528
Cash flows from investing activities:    
Net change in short term investments (50) (53)
Purchases of property and equipment (177) (398)
Net cash used in investing activities (227) (451)
Cash flows from financing activities:    
Dividends paid (10,984) (10,353)
Tax adjustment related to restricted stock 92 39
Net cash used in financing activities (10,892) (10,314)
Net increase in cash and cash equivalents 11,516 18,763
Cash and cash equivalents, at beginning of period 35,613 18,305
Cash and cash equivalents, at end of period 47,129 37,068
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 9,203 6,929
Dividends payable in accrued expenses $ 185 $ 225