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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities:    
Net income $ 90,066 $ 37,374
Adjustments required to reconcile net income to net cash provided by operating activities:    
Depreciation expense 2,959 2,463
Bad debt expense (recovery) 188 (42)
Stock-based compensation 12,245 8,656
Write-down of inventory and other 897 510
Accretion on marketable securities (363)  
Deferred tax provision (44,463) (3,830)
Change in fair value of contingent consideration (159) 265
Changes in assets and liabilities:    
Accounts receivable 1,930 795
Inventories (7,794) (1,302)
Prepaid expenses and other assets (2,131) (915)
Accounts payable 2,684 (4,391)
Accrued expenses and other liabilities (6,576) (2,436)
Deferred revenue (2,852) (853)
Net cash provided by operating activities 46,631 36,294
Investing activities:    
Purchases of marketable securities (24,702) (73,626)
Proceeds from the sale and maturity of marketable securities 75,782 66,622
Purchase of other investment (1,166) (400)
Purchases of property and equipment (15,147) (9,804)
Net cash provided by (used for) investing activities 34,767 (17,208)
Financing activities:    
Proceeds from the exercise of stock options 5,798 3,555
Taxes paid related to net share settlement of vesting of stock awards (67,598) (17,805)
Principal payments on capital lease obligation   (184)
Net cash used for financing activities (61,800) (14,434)
Effect of exchange rate changes on cash (1,285) 278
Net increase in cash and cash equivalents 18,313 4,930
Cash and cash equivalents at beginning of period 42,975 39,040
Cash and cash equivalents at end of period 61,288 43,970
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 2,956 479
Cash paid for interest on capital lease obligation   130
Supplemental disclosure of non-cash investing and financing activities:    
Property and equipment in accounts payable and accrued expenses $ 3,196 $ 1,872