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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income $ 4,428 $ 7,768
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 647 562
Share based compensation 718 740
Deferred income taxes (167) (255)
Bad debt expense 29 33
(Increase) decrease in operating assets and increase (decrease) in liabilities:    
Accounts receivable 396 1,100
Inventories - finished goods 5,246 (25,187)
Prepaid income taxes 959 0
Prepaid expenses and other current assets 442 (737)
Accounts payable (14,834) 1,317
Accrued expenses and other current liabilities 1,145 903
Income taxes payable 569 2,554
Net cash used in operating activities (422) (11,202)
Cash flows from investing activities:    
Purchases of property and equipment (477) (145)
Net cash used in investing activities (477) (145)
Cash flows from financing activities:    
Dividends paid (6,033) (5,594)
Net cash used in financing activities (6,033) (5,594)
Net decrease in cash and cash equivalents (6,932) (16,941)
Cash and cash equivalents, at beginning of period 118,718 103,762
Cash and cash equivalents, at end of period 111,786 86,821
Supplemental disclosure of cash flow information:    
Dividends payable in accrued expenses $ 245 $ 297