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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 $ 205,876 $ 119,317 $ 9,283
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 41,121 51,108 41,304
Amortization of intangible assets 9,367 1,885 8,361
Share-based compensation expense 35,890 27,351 25,825
Impairment of goodwill and other assets 0 0 122,734
Impairment of investment 0 0 2,298
Gain on equity method investment (569) (469) 0
Loss (gain) on disposal of property, plant and equipment 107 0 (44)
Net gain on divestiture of discontinued operations 0 (13,684) 0
Excess tax benefits from share-based compensation (9,661) (2,084) (2,831)
Deferred income taxes (2,397) 6,604 2,240
Change in fair value of contingent consideration for business acquisition (8,092) 0 0
Changes in assets and liabilities, net of acquisitions:      
Accounts receivable, net (46,553) 25,513 (8,018)
Inventories (15,428) 31,966 (60,510)
Other assets (5,309) (1,975) (4,284)
Accounts payable 24,459 (58,104) 60,413
Accrued and other liabilities 49,917 (4,317) (18,139)
Net cash provided by operating activities 278,728 183,111 178,632
Cash flows from investing activities:      
Purchases of property, plant and equipment (31,804) (56,615) (45,253)
Investment in privately held companies (960) (2,419) (2,550)
Payments for divestiture of discontinued operations, net of cash sold 0 (1,395) 0
Changes in restricted cash 715 (715) 0
Acquisitions, net of cash acquired (66,987) 0 (926)
Purchases of trading investments (7,052) (9,619) (5,034)
Proceeds from sales of trading investments 7,124 10,073 5,474
Net cash used in investing activities (98,964) (60,690) (48,289)
Cash flows from financing activities:      
Payment of cash dividends (93,093) (85,915) (43,767)
Repurchases of registered shares (83,786) (70,358) (1,663)
Contingent consideration related to prior acquisition 0 0 (100)
Repurchase of ESPP awards 0 0 (1,078)
Proceeds from sales of shares upon exercise of options and purchase rights 39,574 19,767 4,138
Tax withholdings related to net share settlements of restricted stock units (18,412) (7,247) (9,215)
Excess tax benefits from share-based compensation 9,661 2,084 2,831
Net cash used in financing activities (146,056) (141,669) (48,854)
Effect of exchange rate changes on cash and cash equivalents (5,370) 1,405 (13,863)
Net increase (decrease) in cash and cash equivalents 28,338 (17,843) 67,626
Cash and cash equivalents at beginning of period 519,195 537,038 469,412
Cash and cash equivalents at end of period 547,533 519,195 537,038
Non-cash investing activities:      
Property, plant and equipment purchased during the period and included in period end liability accounts 5,072 4,958 5,242
Fair value of retained cost method investment as a result of divestiture of discontinued operations 0 5,591 0
Supplemental cash flow information:      
Income taxes paid, net 11,323 11,499 10,838
The following amounts reflected in the consolidated statements of cash flows are included in discontinued operations:      
Depreciation 0 2,207 2,562
Amortization of intangible assets 0 1,438 7,598
Share-based compensation 0 332 1,634
Purchases of property, plant and equipment 0 1,431 3,598
Cash and cash equivalents, beginning of the period 0 3,659 1,894
Cash and cash equivalents, end of the period $ 0 $ 0 $ 3,659