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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2015
Operating activities:      
Net income $ 52,116 $ 38,147 $ 113,688
Adjustments required to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 6,202 3,277 2,770
Bad debt expense 159 42 (5)
Stock-based compensation 32,866 29,053 16,520
Write-down of inventory 3,085 2,094 2,231
Excess tax benefit from stock-based awards (12,038) (3,567) (606)
Deferred tax provision (benefit) 25,803 22,296 (87,094)
Change in fair value of contingent consideration 1,590 1,053 510
Changes in assets and liabilities:      
Accounts receivable (11,550) (10,930) (7,970)
Inventories (12,284) (11,473) (6,967)
Prepaid expenses and other assets (2,366) (2,290) (1,479)
Accounts payable 7,565 (2,645) 3,372
Accrued expenses and other liabilities 22,223 10,020 6,011
Deferred revenue 1,745 1,718 2,309
Net cash provided by operating activities 115,116 76,795 43,290
Investing activities:      
Purchases of marketable securities (278,501) (260,975) (97,658)
Proceeds from the sale and maturity of marketable securities 205,482 219,639 71,530
Acquisition of ECP and AIS, net of cash assumed     (15,697)
Purchase of other investment (2,899) (750) (2,850)
Purchases of property and equipment (50,415) (15,624) (5,188)
Net cash used for investing activities (126,333) (57,710) (49,863)
Financing activities:      
Proceeds from the exercise of stock options 10,660 9,771 10,927
Excess tax benefit from stock-based awards 12,038 3,567 606
Taxes paid related to net share settlement upon vesting of stock awards (20,105) (7,313) (2,805)
Proceeds from the issuance of stock under employee stock purchase plan 1,720 1,135 795
Principal payments on capital lease obligation (446)    
Net cash provided by financing activities 3,867 7,160 9,523
Effect of exchange rate changes on cash (1,841) (415) (1,465)
Net increase in cash and cash equivalents (9,191) 25,830 1,485
Cash and cash equivalents at beginning of year 48,231 22,401 20,916
Cash and cash equivalents at end of year 39,040 48,231 22,401
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 1,405 848 1,215
Cash paid for interest on capital lease obligation 354    
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 $ 5,692 $ 1,797 $ 193