| Mar'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 | Mar'11 | Mar'10 |
|---|---|---|---|---|---|---|---|---|---|
Sales | |||||||||
283,419 | 273,800 | 249,176 | 234,684 | 229,395 | 233,391 | 227,829 | 238,250 | 231,642 | 238,266 |
Cost of sales | |||||||||
188,105 | 175,993 | 169,862 | 158,388 | 153,125 | 155,774 | 150,708 | 158,085 | 147,686 | 146,405 |
Gross profit | |||||||||
95,314 | 97,807 | 79,314 | 76,296 | 76,270 | 77,617 | 77,121 | 80,165 | 83,956 | 91,861 |
Operating expenses: | |||||||||
General and administrative | |||||||||
24,767 | 24,290 | 22,799 | 21,301 | 21,101 | 21,352 | 21,592 | 22,363 | 22,200 | 22,341 |
Advertising | |||||||||
22,148 | 19,255 | 17,663 | 21,837 | 25,182 | 27,180 | 27,433 | 30,369 | 27,357 | 27,657 |
Discontinued project costs | |||||||||
- | - | - | - | 1,714 | - | - | - | - | - |
Depreciation | |||||||||
2,225 | 2,126 | 1,369 | 770 | 660 | 867 | 1,091 | 1,411 | 1,375 | 1,321 |
Total operating expenses | |||||||||
49,140 | 45,671 | 41,831 | 43,908 | 48,657 | 49,399 | 50,116 | 54,143 | 50,932 | 51,319 |
Income from operations | |||||||||
46,174 | 52,136 | 37,483 | 32,388 | 27,613 | 28,218 | 27,005 | 26,022 | 33,024 | 40,542 |
Other income: | |||||||||
Interest income, net | |||||||||
1,864 | 658 | 141 | 190 | 184 | 185 | 306 | 288 | 381 | 196 |
Realized loss on sale of short term investments | |||||||||
- | - | - | -74 | - | - | - | - | - | - |
Other, net | |||||||||
1,083 | 995 | 300 | 63 | 1 | -4 | -5 | 61 | -128 | 4 |
Total other income | |||||||||
2,947 | 1,653 | 441 | 179 | 185 | 181 | 301 | 349 | 253 | 200 |
Income before provision for income taxes | |||||||||
49,121 | 53,789 | 37,924 | 32,567 | 27,798 | 28,399 | 27,306 | 26,371 | 33,277 | 40,742 |
Provision for income taxes | |||||||||
11,381 | 16,506 | 14,105 | 12,000 | 10,345 | 10,427 | 10,141 | 9,712 | 12,406 | 14,740 |
Net income | |||||||||
37,740 | 37,283 | 23,819 | 20,567 | 17,453 | 17,972 | 17,165 | 16,659 | 20,871 | - |
Net change in unrealized gain on short term investments | |||||||||
- | - | - | 54 | -17 | -35 | -46 | 185 | -33 | - |
Comprehensive income | |||||||||
37,740 | 37,283 | 23,819 | 20,621 | 17,436 | 17,937 | 17,119 | 16,844 | 20,838 | 26,002 |
Net income per common share: | |||||||||
Basic (in dollars per share) | |||||||||
1.84 | 1.83 | 1.18 | 1.02 | 0.87 | 0.90 | 0.86 | 0.81 | 0.93 | 1.15 |
Diluted (in dollars per share) | |||||||||
1.84 | 1.82 | 1.17 | 1.02 | 0.87 | 0.90 | 0.86 | 0.80 | 0.92 | 1.14 |
Weighted average number of common shares outstanding: | |||||||||
Basic (in shares) | |||||||||
20,461 | 20,346 | 20,232 | 20,124 | 20,015 | 19 | 19,926 | 20,613 | 22,514 | 22,617 |
Diluted (in shares) | |||||||||
20,491 | 20,433 | 20,378 | 20,254 | 20,136 | 20 | 20,049 | 20,708 | 22,643 | 22,746 |
Cash dividends declared per common share (in dollars per share) | |||||||||
1.06 | 0.85 | 0.76 | 0.72 | 0.68 | 0.66 | 1.60 | 0.53 | 0.47 | 0.30 |