| For the Six Months Ended September 30, | |||||
| 2006 | 2005 | ||||
| Cash flows from operating activities: | |||||
| Net income | $ | 3,519 | $ | 1,760 | |
| Adjustments to reconcile net income to net cash | |||||
| flows provided by operating activities: | |||||
| Tax benefit from stock option exercises | 154 | 43 | |||
| Depreciation and amortization | 822 | 815 | |||
| Loss on disposal of fixed assets | 33 | - | |||
| Adjustment to allowance for doubtful accounts | (14) | (133) | |||
| Stock-based compensation | 458 | - | |||
| Deferred income taxes | (102) | 968 | |||
| (Increase) decrease in: | |||||
| Accounts receivable | 3,608 | 1,858 | |||
| Notes receivable issued to customers | (451) | - | |||
| Advances to program suppliers | 138 | 993 | |||
| Landlord receivable | (415) | - | |||
| Income taxes receivable and prepaid taxes | (48) | 124 | |||
| Other assets | (258) | 6 | |||
| Increase (decrease) in: | |||||
| Accounts payable | (5,098) | (3,246) | |||
| Accrued liabilities and compensation | (534) | (209) | |||
| Deferred rent | 811 | - | |||
| Deferred revenue and other liabilities | 18 | 88 | |||
| Net cash provided by operating activities | 2,641 | 3,067 | |||
| Cash flows from investing activities: | |||||
| Purchase of marketable securities | (7,257) | (14,813) | |||
| Purchase of property and equipment | (2,348) | (1,001) | |||
| Note receivable payments received | 183 | 252 | |||
| Net cash used in investing activities | (9,422) | (15,562) | |||
| Cash flows from financing activities: | |||||
| Payments on capital lease obligations | - | (24) | |||
| Proceeds from notes payable | 598 | - | |||
| Issuance of common stock | 179 | 75 | |||
| Repurchase of common stock | (1,948) | - | |||
| Note receivable, related party | - | 753 | |||
| Net cash provided by (used in) financing activities | (1,171) | 804 | |||
| Decrease in cash and cash equivalents | (7,952) | (11,691) | |||
| Cash and cash equivalents: | |||||
| Beginning of year | 15,666 | 21,983 | |||
| End of period | $ | 7,714 | $ | 10,292 | |
| Supplemental cash flow information: | |||||
| Cash paid during the period for interest | $ | - | $ | 2 | |
| Cash paid during the period for income taxes, net | 2,285 | 110 | |||
| Supplemental non-cash information | |||||
| Common stock withheld in payment of exercise | |||||
| price for stock options | $ | 238 | $ | - | |