Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2019
Current assets:
Cash and cash equivalents	$ 103,762	$ 100,529
Accounts receivable, less allowance for doubtful accounts of $59 and $39, respectively	3,843	2,542
Inventories - finished goods	17,884	21,370
Prepaid expenses and other current assets	3,529	1,408
Prepaid income taxes		582
Total current assets	129,018	126,431
Noncurrent assets:
Property and equipment, net	25,445	27,136
Intangible assets	860	860
Total noncurrent assets	26,305	27,996
Total assets	155,323	154,427
Current liabilities:
Accounts payable	19,658	16,275
Accrued expenses and other current liabilities	4,214	2,351
Income taxes payable	471
Total current liabilities	24,343	18,626
Deferred tax liabilities	970	1,121
Total liabilities	25,313	19,747
Commitments and contingencies
Shareholders' equity:
Preferred stock, $.001 par value, 5,000 shares authorized; 3 convertible shares issued and outstanding with a liquidation preference of $4 per share	9	9
Common stock, $.001 par value, 40,000 shares authorized; 20,166 and 20,674 shares issued and outstanding, respectively	20	21
Additional paid-in capital	3,804	12,478
Retained earnings	126,177	122,172
Total shareholders' equity	130,010	134,680
Total liabilities and shareholders' equity	$ 155,323	$ 154,427

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

No definition available.