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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:      
Net income (loss) $ (147,734) $ 59,648 $ 35,874
Adjustments to reconcile net income (loss) to cash provided by operating activities, net of the effects of acquisitions:      
Depreciation and amortization 74,986 85,918 95,784
Loss on extinguishment of debt 0 0 596
Operating lease right-of-use assets 10,533 10,598 10,292
Gain on divestiture of a business (3,806) 0 0
Loss on disposal of fixed assets 303 49 5
Share-based compensation expense associated with equity awards 70,799 61,986 56,074
Change in fair value of derivative instrument (206) 1,380 0
Goodwill impairment 217,260 0 0
Net change in fair value of contingent and contractual liabilities 0 0 (837)
Deferred income taxes (45,949) (54,032) (12,681)
Other gains (5,451) (1) (11)
Changes in assets and liabilities      
Accounts receivable and unbilled costs (48,376) 4,897 49,322
Inventories 609 9,007 (7,996)
Prepaid expenses and other assets (5,835) 5,039 (13,001)
Accounts payable (1,861) (5,549) 4,211
Accrued compensation and other expenses (33,704) 12,071 2,391
Operating lease liabilities (11,952) (11,927) (12,060)
Income taxes payable (3,620) 165 (3,087)
Deferred revenue (7,185) (22,599) 91,137
Net cash provided by operating activities 58,811 156,650 296,013
Cash flows from investing activities:      
Purchase of marketable securities and investments (52,774) (114,513) (78,367)
Proceeds from maturity of marketable securities 64,728 140,462 20,569
Purchase of fixed assets (6,337) (10,487) (10,350)
Purchase of intangible assets 0 (161) (50)
Proceeds from divestiture of a business 7,766 0 0
(Increase) decrease in deposits (25) 3 (155)
Net cash provided by (used in) investing activities 13,358 15,304 (68,353)
Cash flows from financing activities:      
Issuance of common stock under stock plans 3 2 2
Treasury stock repurchases, including accelerated share repurchases (50,000) (150,039) (35,653)
Tax withholding on restricted stock units (19,355) (19,393) (15,691)
Payment of debt issuance costs 0 0 (3,660)
Repayment of long-term debt 0 (250,000) (350,000)
Proceeds from issuance of long-term debt 0 0 350,000
Collection of contingent consideration 0 0 837
Net cash used in financing activities (69,352) (419,430) (54,165)
Effect of exchange rate changes on cash and cash equivalents 63 (1,891) (4,510)
Net increase (decrease) in cash and cash equivalents 2,880 (249,367) 168,985
Cash and cash equivalents, beginning of year 386,794 636,161 467,176
Cash and cash equivalents, end of year 389,674 386,794 636,161
Supplemental disclosures of cash flow information:      
Cash paid for interest 6,427 8,063 4,962
Cash paid for income taxes 62,318 55,924 31,702
Non-cash transactions:      
Transfers of inventory to fixed assets 1,814 1,371 2,657
Additions to property, plant and equipment included in accounts payable 158 56 197
Issuance of common stock under employee stock purchase plans $ 13,695 $ 14,353 $ 14,582