| Mar'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 | Mar'11 | Mar'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net income | |||||||||
37,740 | 37,283 | 23,819 | 20,567 | 17,453 | 17,972 | 17,165 | 16,659 | 20,871 | 26,002 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Depreciation | |||||||||
2,225 | 2,126 | 1,369 | 770 | 660 | 867 | 1,091 | 1,411 | 1,375 | 1,321 |
Share based compensation | |||||||||
3,097 | 2,575 | 1,935 | 1,612 | 1,481 | 1,479 | 1,943 | 2,246 | 2,171 | 1,594 |
Discontinued project costs | |||||||||
- | - | - | - | 1,714 | - | - | - | - | - |
Deferred income taxes | |||||||||
125 | -92 | 1,951 | -23 | 157 | -183 | -76 | -56 | 348 | -305 |
Bad debt expense | |||||||||
85 | 112 | 421 | 260 | 94 | - | 56 | 47 | 48 | 18 |
(Increase) decrease in operating assets and increase (decrease) in liabilities: | |||||||||
Accounts receivable | |||||||||
335 | 596 | 505 | 53 | 264 | 417 | -77 | -366 | -64 | -766 |
Inventories - finished goods | |||||||||
-1,967 | 3,109 | -5,358 | 518 | -10,659 | 4,126 | 5,384 | 1,077 | -3,924 | 2,286 |
Prepaid income taxes | |||||||||
-206 | 788 | -243 | 243 | -54 | 54 | -199 | -465 | 335 | -32 |
Prepaid expenses and other current assets | |||||||||
526 | -137 | -1,416 | 1,055 | -662 | 1,237 | 1,279 | 205 | 426 | -144 |
Accounts payable | |||||||||
1,001 | 53 | 10,217 | -149 | -616 | -686 | -165 | 297 | 1,964 | 313 |
Accrued expenses and other current liabilities | |||||||||
-447 | 337 | 321 | -65 | -61 | -42 | -499 | 238 | 102 | 86 |
Income taxes payable | |||||||||
- | -659 | 659 | -50 | 50 | -162 | 162 | - | - | - |
Net cash provided by operating activities | |||||||||
45,138 | 37,379 | 47,204 | 21,053 | 32,043 | 13,506 | 13,290 | 20,391 | 30,106 | 27,685 |
Proceeds from sale of short term investments | |||||||||
- | - | - | 15,591 | - | - | - | - | - | - |
Net change in investments | |||||||||
- | - | - | -54 | 68 | 84 | 5,189 | -12,344 | 10,146 | -2,150 |
Purchases of property and equipment | |||||||||
620 | 703 | 10,604 | 20,130 | 918 | 45 | 626 | 705 | 667 | 1,047 |
Purchases of intangible asset | |||||||||
- | - | - | - | - | - | - | - | 10 | - |
Net cash used in investing activities | |||||||||
-620 | -703 | -10,604 | -4,485 | -986 | -129 | -5,815 | 11,639 | -10,823 | 1,103 |
Cash flows from financing activities: | |||||||||
Repurchase and retirement of common stock | |||||||||
- | - | - | - | - | - | 3,865 | 23,685 | 12,247 | - |
Dividends paid | |||||||||
21,925 | 17,470 | 15,509 | 14,684 | 13,807 | 13,326 | 31,972 | 10,964 | 10,727 | 6,805 |
Excess tax benefit related to stock compensation | |||||||||
- | - | - | 142 | 58 | 99 | -284 | -240 | - | 299 |
Proceeds from the exercise of stock options | |||||||||
- | - | - | - | - | - | - | - | 340 | 735 |
Tax adjustment related to restricted stock | |||||||||
- | - | - | - | - | - | - | - | 132 | - |
Net cash used in financing activities | |||||||||
-21,925 | -17,470 | -15,509 | -14,542 | -13,749 | -13,227 | -36,121 | -34,889 | -22,766 | -5,771 |
Net (decrease) increase in cash and cash equivalents | |||||||||
22,593 | 19,206 | 21,091 | 2,026 | 17,308 | 150 | -28,646 | -2,859 | -3,483 | 23,017 |
Supplemental disclosure of cash flow information: | |||||||||
Cash paid for income taxes | |||||||||
11,051 | 18,046 | 11,373 | 12,173 | 10,026 | 10,727 | 10,140 | 9,543 | 12,578 | 14,719 |
Retirement of treasury stock | |||||||||
- | - | - | - | - | - | 3,865 | 23,685 | 12,247 | - |
Dividends payable in accrued expenses | |||||||||
203 | 240 | 217 | 143 | 212 | 262 | 276 | 168 | 143 | 48 |
Property and equipment purchases in accounts payable | |||||||||
- | - | - | - | - | - | - | - | 130 | 418 |