XML 15 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 11,926,000 $ 3,340,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 5,374,000 5,106,000
Amortization of capitalized software costs 2,571,000 4,819,000
Amortization of other intangibles 11,267,000 11,378,000
Amortization of debt issuance costs 538,000 538,000
Loss on disposal of equipment and improvements 45,000 175,000
Provision for bad debts 3,868,000 1,969,000
Provision for inventory obsolescence 36,000 224,000
Share-based compensation 5,132,000 3,177,000
Deferred income taxes 18,000 180,000
Excess tax benefit from share-based compensation 346,000 0
Change in fair value of contingent consideration 0 5,830,000
Restructuring costs 0 701,000
Changes in assets and liabilities, net of amounts acquired:    
Accounts receivable (120,000) 13,649,000
Inventory (25,000) (22,000)
Accounts payable 1,323,000 (5,834,000)
Deferred revenue (929,000) (5,572,000)
Accrued compensation and related benefits (7,302,000) (4,179,000)
Income taxes (348,000) 17,213,000
Deferred compensation (191,000) 437,000
Other assets and liabilities 4,565,000 3,256,000
Net cash provided by operating activities 38,094,000 56,385,000
Cash flows from investing activities:    
Additions to capitalized software costs (9,624,000) (5,319,000)
Additions to equipment and improvements (5,423,000) (4,989,000)
Proceeds from sales and maturities of marketable securities 0 9,291,000
Payments for acquisitions, net of cash acquired 58,892,000 0
Net cash used in investing activities (73,939,000) (1,017,000)
Cash flows from financing activities:    
Proceeds from Lines of Credit 50,000,000 0
Principal repayments on line of credit (10,000,000) (57,000,000)
Payment of contingent consideration related to acquisitions (18,817,000) 0
Proceeds from issuance of shares under employee plans 4,320,000 702,000
Cancellation of shares related to tax withholdings for vesting of equity awards (778,000) 0
Net cash provided by (used in) financing activities 24,725,000 (56,298,000)
Net decrease in cash and cash equivalents (11,120,000) (930,000)
Cash and cash equivalents at beginning of period 37,673,000 27,176,000
Cash and cash equivalents at end of period 26,553,000 26,246,000
Cash paid for income taxes 5,396,000 3,977,000
Cash refunds from income taxes 713,000 19,762,000
Cash paid for interest 933,000 1,443,000
Tenant improvement allowance from landlord 1,442,000 3,094,000
Unpaid additions to equipment and improvements $ 117,000 $ 488,000