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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:    
Net income $ 215,452 $ 174,138
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 32,655 30,218
Amortization of intangible assets 17,236 10,653
Gain on investments in privately held companies (589) (550)
Share-based compensation expense 37,163 33,239
Deferred income taxes (9,722) 6,728
Change in fair value of contingent consideration for business acquisition 0 (4,908)
Other (378) 7
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable, net (158,944) (164,028)
Inventories (69,163) (5,692)
Other assets (11,098) (18,953)
Accounts payable 133,657 151,711
Accrued and other liabilities 87,174 43,521
Net cash provided by operating activities 273,443 256,084
Cash flows from investing activities:    
Purchases of property, plant and equipment (28,304) (27,593)
Investment in privately held companies (2,542) (880)
Acquisitions, net of cash acquired (133,908) (88,323)
Proceeds from return of investment in privately held companies 0 237
Purchases of short-term investments (1,505) (6,789)
Sales of short-term investments 0 6,789
Purchases of trading investments (4,335) (2,842)
Proceeds from sales of trading investments 4,838 3,209
Net cash used in investing activities (165,756) (116,192)
Cash flows from financing activities:    
Payment of cash dividends (113,971) (104,248)
Payment of contingent consideration for business acquisition 0 (5,000)
Purchases of registered shares (22,454) (20,408)
Proceeds from exercises of stock options and purchase rights 10,135 30,947
Tax withholdings related to net share settlements of restricted stock units (29,111) (25,505)
Net cash used in financing activities (155,401) (124,214)
Effect of exchange rate changes on cash and cash equivalents (9,745) 1,677
Net increase (decrease) in cash and cash equivalents (57,459) 17,355
Cash and cash equivalents, beginning of the period 641,947 547,533
Cash and cash equivalents, end of the period 584,488 564,888
Non-cash investing activities:    
Property, plant and equipment purchased during the period and included in period end liability accounts $ 3,742 $ 5,779