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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:      
Net income $ 59,648 $ 35,874 $ 19,352
Adjustments to reconcile net income to cash provided by operating activities, net of the effects of acquisitions:      
Depreciation and amortization 85,918 95,784 105,828
Loss on extinguishment of debt 0 596 0
Operating lease right-of-use assets 10,598 10,292 10,004
Loss on disposal of fixed assets 49 5 236
Share-based compensation expense associated with equity awards 61,986 56,074 51,892
Change in fair value of derivative instrument 1,380 0 0
Net change in fair value of contingent and contractual liabilities 0 (837) 0
Deferred income taxes (54,032) (12,681) (23,804)
Other gains (1) (11) (196)
Changes in assets and liabilities      
Accounts receivable and unbilled costs 4,897 49,322 16,878
Inventories 9,007 (7,996) (2,043)
Prepaid expenses and other assets 5,039 (13,001) 11,483
Accounts payable (5,549) 4,211 (1,734)
Accrued compensation and other expenses 12,071 2,391 31,955
Operating lease liabilities (11,927) (12,060) (10,307)
Income taxes payable 165 (3,087) 6,684
Deferred revenue (22,599) 91,137 (2,307)
Net cash provided by operating activities 156,650 296,013 213,921
Cash flows from investing activities:      
Purchase of marketable securities (114,513) (78,367) (15,673)
Proceeds from maturity of marketable securities 140,462 20,569 56,806
Purchase of fixed assets (10,487) (10,350) (11,986)
Purchase of intangible assets (161) (50) (4,537)
Decrease (increase) in deposits 3 (155) 88
Net cash provided by (used in) investing activities 15,304 (68,353) 24,698
Cash flows from financing activities:      
Issuance of common stock under stock plans 2 2 2
Payment of contingent consideration 0 0 (1,748)
Treasury stock repurchases (150,039) (35,653) (3,275)
Tax withholding on restricted stock units (19,393) (15,691) (13,286)
Payment of debt issuance costs 0 (3,660) 0
Repayment of long-term debt (250,000) (350,000) (100,000)
Proceeds from issuance of long-term debt 0 350,000 0
Proceeds from collection of contingent consideration, financing activities 0 837 0
Net cash used in financing activities (419,430) (54,165) (118,307)
Effect of exchange rate changes on cash and cash equivalents (1,891) (4,510) 6,627
Net (decrease) increase in cash and cash equivalents (249,367) 168,985 126,939
Cash and cash equivalents and restricted cash, beginning of year 636,161 467,176 340,237
Cash and cash equivalents and restricted cash, end of year 386,794 636,161 467,176
Supplemental disclosures of cash flow information:      
Cash paid for interest 8,063 4,962 7,685
Cash paid for income taxes 55,924 31,702 11,472
Non-cash transactions:      
Transfers of inventory to fixed assets 1,371 2,657 1,530
Additions to property, plant and equipment included in accounts payable 56 197 333
Issuance of common stock under employee stock purchase plans $ 14,353 $ 14,582 $ 14,429