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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities:    
Net income (loss) $ 8,859 $ (1,709)
Adjustments required to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 663 621
Bad debt expense (37) 31
Stock-based compensation 4,799 4,290
Write-down of inventory 299 206
Excess tax benefit from stock-based awards (81)  
Deferred tax provision 5,805 225
Change in fair value of contingent consideration 151  
Changes in assets and liabilities:    
Accounts receivable (2,456) 1,548
Inventories (4,549) (234)
Prepaid expenses and other assets 463 (255)
Accounts payable (1,767) (1,049)
Accrued expenses and other long-term liabilities (2,063) (919)
Deferred revenue 828 435
Net cash provided by operating activities 10,914 3,190
Investing activities:    
Purchases of marketable securities (42,661) (24,524)
Proceeds from the sale and maturity of marketable securities 50,263 35,730
Purchases of property and equipment (1,863) (380)
Net cash provided by investing activities 5,739 10,826
Financing activities:    
Proceeds from the exercise of stock options 4,589 820
Excess tax benefit from stock-based awards 81  
Taxes paid related to net share settlement of vesting of stock awards (3,465) (1,013)
Proceeds from the issuance of stock under employee stock purchase plan 5  
Net cash provided by (used for) financing activities 1,210 (193)
Effect of exchange rate changes on cash 167 1
Net increase in cash and cash equivalents 18,030 13,824
Cash and cash equivalents at beginning of period 22,401 20,916
Cash and cash equivalents at end of period 40,431 34,740
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 274 172
Supplemental disclosure of non-cash investing and financing activities:    
Property and equipment in accounts payable and accrued expenses $ 123 $ 215