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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities:    
Net income $ 16,594 $ 2,130
Adjustments required to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,352 1,196
Bad debt (recovery) expense (18) 27
Stock-based compensation 15,592 8,314
Write-down of inventory 952 559
Excess tax benefit from stock-based awards (383)  
Deferred tax provision 10,803 450
Change in fair value of contingent consideration 307 219
Changes in assets and liabilities:    
Accounts receivable (5,214) 1,108
Inventories (6,855) (653)
Prepaid expenses and other assets 456 (139)
Accounts payable (1,817) (581)
Accrued expenses and other long-term liabilities (2,674) (3,732)
Deferred revenue (239) 1,004
Net cash provided by operating activities 28,856 9,902
Investing activities:    
Purchases of marketable securities (99,002) (44,920)
Proceeds from the sale and maturity of marketable securities 101,453 47,890
Acquisition of ECP and AIS, net of cash assumed   (15,697)
Purchase of other investment (750) (750)
Purchases of property and equipment (3,419) (1,496)
Net cash used for investing activities (1,718) (14,973)
Financing activities:    
Proceeds from the exercise of stock options 7,971 2,560
Excess tax benefit from stock-based awards 383  
Taxes paid related to net share settlement of vesting of stock awards (3,810) (1,013)
Proceeds from the issuance of stock under employee stock purchase plan 451 397
Net cash provided by financing activities 4,995 1,944
Effect of exchange rate changes on cash (113) (306)
Net increase (decrease) in cash and cash equivalents 32,020 (3,433)
Cash and cash equivalents at beginning of period 22,401 20,916
Cash and cash equivalents at end of period 54,421 17,483
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 576 299
Supplemental disclosure of non-cash investing and financing activities:    
Contingent consideration related to acquisition of ECP   6,000
Property and equipment in accounts payable and accrued expenses $ 396 $ 577