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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Operating activities:    
Net income $ 37,217 $ 27,149
Adjustments required to reconcile net income to net cash provided by operating activities:    
Depreciation expense 4,488 2,214
Bad debt expense (12) 78
Stock-based compensation 24,521 21,731
Write-down of inventory 2,059 1,356
Excess tax benefit from stock-based awards (4,595) (488)
Deferred tax provision 18,817 17,382
Change in fair value of contingent consideration 612 882
Changes in assets and liabilities:    
Accounts receivable (7,555) (5,084)
Inventories (8,615) (10,092)
Prepaid expenses and other assets (3,923) 343
Accounts payable 3,542 (1,740)
Accrued expenses and other liabilities 11,040 632
Deferred revenue 265 (125)
Net cash provided by operating activities 77,861 54,238
Investing activities:    
Purchases of marketable securities (177,591) (189,595)
Proceeds from the sale and maturity of marketable securities 144,670 170,195
Purchase of other investment (149) (750)
Purchases of property and equipment (24,039) (7,933)
Net cash used for investing activities (57,109) (28,083)
Financing activities:    
Proceeds from the exercise of stock options 8,265 8,237
Excess tax benefit from stock-based awards 4,595 488
Taxes paid related to net share settlement of vesting of stock awards (19,898) (3,908)
Proceeds from the issuance of stock under employee stock purchase plan 769 451
Principal payments on capital lease obligation (264)  
Net cash (used for) provided by financing activities (6,533) 5,268
Effect of exchange rate changes on cash (1,381) (598)
Net increase in cash and cash equivalents 12,838 30,825
Cash and cash equivalents at beginning of period 48,231 22,401
Cash and cash equivalents at end of period 61,069 53,226
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 735 724
Cash paid for interest on capital lease obligation 223  
Supplemental disclosure of non-cash investing and financing activities:    
Property and equipment under capital lease obligation 16,784  
Property and equipment in accounts payable and accrued expenses $ 3,717 $ 471