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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 5,354 $ 10,777
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,611 1,341
Share based compensation 3,217 1,600
Deferred income taxes (389) 346
Bad debt expense 66 58
(Increase) decrease in operating assets and increase (decrease) in liabilities:    
Accounts receivable 257 675
Inventories - finished goods (1,567) 14,687
Prepaid income taxes 86 60
Prepaid expenses and other current assets (597) 106
Accounts payable (3,520) (28,365)
Accrued expenses and other current liabilities 590 (210)
Net cash provided by operating activities 5,108 1,075
Cash flows from investing activities:    
Purchase of minority interest investment in Vetster (5,000) 0
Purchases of property and equipment (2,336) (972)
Net cash used in investing activities (7,336) (972)
Cash flows from financing activities:    
Dividends paid (12,306) (12,259)
Net cash used in financing activities (12,306) (12,259)
Net decrease in cash and cash equivalents (14,534) (12,156)
Cash and cash equivalents, at beginning of period 111,080 118,718
Cash and cash equivalents, at end of period 96,546 106,562
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 2,560 2,935
Dividends payable in accrued expenses $ 856 $ 110