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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net income (loss) $ (115,315) $ 62,869
Adjustments to reconcile net income (loss) to cash provided by operating activities, net of the effects of acquisitions:    
Depreciation and amortization 56,928 64,302
Operating lease right-of-use assets 7,857 7,984
Gain on divestiture of a business (3,806) 0
Loss on disposal of fixed assets 299 47
Share-based compensation expense 54,653 47,225
Change in fair value of derivative investment (206) 0
Goodwill impairment 167,106 0
Deferred income taxes (35,530) (38,435)
Other (gains) losses (1,758) 9
Changes in assets and liabilities    
Accounts receivable and unbilled costs (77,787) (67,101)
Inventories (634) 8,323
Prepaid expenses and other assets (6,583) 4,279
Accounts payable (984) (7,129)
Accrued compensation and other expenses (46,170) (7,804)
Operating lease liabilities (8,970) (9,061)
Income taxes payable (2,631) (2,675)
Deferred revenue (21,236) (18,910)
Net cash (used in) provided by operating activities (34,767) 43,923
Cash flows from investing activities:    
Purchase of marketable securities and investments (43,159) (100,265)
Proceeds from sales and maturity of marketable securities 53,569 103,152
Purchase of fixed assets (4,740) (8,381)
Purchase of intangible assets 0 (161)
Proceeds from divestiture of a business 7,766 0
(Increase) decrease in deposits (7) 8
Net cash provided by (used in) investing activities 13,429 (5,647)
Cash flows from financing activities:    
Issuance of common stock under stock plans 3 2
Treasury stock repurchases, including accelerated share repurchases (50,000) (150,039)
Tax withholding on restricted stock units (19,151) (19,187)
Repayment of long-term debt 0 (150,000)
Net cash used in financing activities (69,148) (319,224)
Effect of exchange rate changes on cash and cash equivalents 1,347 (3,169)
Net decrease in cash and cash equivalents (89,139) (284,117)
Cash and cash equivalents, beginning of period 386,794 636,161
Cash and cash equivalents, end of period 297,655 352,044
Supplemental disclosures:    
Cash paid for interest 4,817 5,351
Cash paid for income taxes 54,481 47,294
Non-cash transactions:    
Transfers of inventory to fixed assets 1,814 1,371
Additions to property, plant and equipment included in accounts payable 414 622
Issuance of common stock under employee stock plans $ 6,006 $ 6,539