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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:      
Net income (loss) $ (4,751) $ (5,120) $ 1,926
Adjustments to reconcile net income (loss) to net cash provided by operating activites:      
Depreciation 6,084 4,994 3,540
Amortization of intangibles 3,762 3,557 2,232
Impairment of long-lived assets 15 640 0
Amortization of capitalized software 591 456 341
Net accretion of discount and amortization of premium on marketable securities 219 740 896
Stock-based compensation 21,462 16,334 9,347
Tax benefit from stock-based compensation (486) (224) (151)
Deferred income tax (benefit) provision (411) (1,493) 2,390
Other 977 533 256
Changes in assets and liabilities:      
Accounts receivable, net (4,799) (4,539) (1,529)
Inventory (430) 136 52
Other current and non-current assets (2,025) (1,432) (196)
Deferred cost of goods sold (60) (224) (207)
Accounts payable 4,173 2,473 610
Accrued compensation 1,615 3,566 1,632
Accrued warranty (2) (13) (321)
Accrued taxes 247 2,292 490
Accrued outside commissions 734 1,744 (5)
Deferred revenue 195 (273) (1,065)
Other current and non-current liabilities 1,368 (580) 1,002
Net cash provided by operating activities 28,478 23,567 21,240
Cash flows from investing activities:      
Acquisitions of property and equipment (8,851) (4,894) (5,826)
Cost of capitalized software (5,516) (2,095) (724)
Purchase of investments - available for sale (140,026) (126,723) (106,021)
Sales of investments - available for sale 41,288 56,302 36,764
Proceeds from maturities of investments 93,795 64,361 63,546
Acquisition of businesses, net of cash acquired (2,884) (23,246) 0
Net cash used in investing activities (22,194) (36,295) (12,261)
Cash flows from financing activities:      
Capital lease payments (674) (446) (149)
Payment of contingent consideration (300) (200) 0
Repurchase of common stock (3,003) (11,653) (19,371)
Tax benefit from stock-based compensation expense 486 224 151
Proceeds from issuance of common stock under employee stock plans 5,087 4,827 4,455
Net cash provided by (used in) financing activities 1,596 (7,248) (14,914)
Effect of exchange rate changes on cash (426) 442 (114)
Net increase (decrease) in cash and cash equivalents 7,454 (19,534) (6,049)
Cash and cash equivalents,beginning of year 33,576 53,110 59,159
Cash and cash equivalents, end of year 41,030 33,576 53,110
Supplemental and non-cash disclosures:      
Acquisition of property and equipment, net in connection with acquisitions of businesses 0 1,453 0
Acquisition of capital lease in connection with acquisitions of businesses 0 1,332 0
Equipment acquired under capital leases 1,152 573 0
Cash paid for interest 16 44 5
Cash paid for income taxes $ 460 $ 445 $ 159