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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities:    
Net income $ 140,193 $ 61,877
Adjustments required to reconcile net income to net cash provided by operating activities:    
Depreciation expense 6,347 5,320
Bad debt expense (recovery) 467 (54)
Stock-based compensation 28,179 17,938
Write-down of inventory and other 1,733 2,528
Accretion on marketable securities (848)  
Deferred tax provision (45,676) 3,073
Change in fair value of contingent consideration 3 682
Changes in assets and liabilities:    
Accounts receivable (5,131) (2,824)
Inventories (16,750) (5,363)
Prepaid expenses and other assets (1,987) (869)
Accounts payable 761 299
Accrued expenses and other liabilities 826 (3,174)
Deferred revenue (926) 18
Net cash provided by operating activities 107,191 79,451
Investing activities:    
Purchases of marketable securities (112,956) (131,934)
Proceeds from the sale and maturity of marketable securities 136,844 95,416
Purchase of other assets (11,426) (6,400)
Purchases of property and equipment (27,345) (17,675)
Net cash used for investing activities (14,883) (60,593)
Financing activities:    
Proceeds from the exercise of stock options 10,613 5,257
Taxes paid related to net share settlement of vesting of stock awards (69,666) (19,237)
Proceeds from the issuance of stock under employee stock purchase plan 1,375 1,063
Principal payments on capital lease obligation   (377)
Net cash used for financing activities (57,678) (13,294)
Effect of exchange rate changes on cash (1,223) (68)
Net increase in cash and cash equivalents 33,407 5,496
Cash and cash equivalents at beginning of period 42,975 39,040
Cash and cash equivalents at end of period 76,382 44,536
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 3,530 584
Cash paid for interest on capital lease obligation   259
Supplemental disclosure of non-cash investing and financing activities:    
Property and equipment in accounts payable and accrued expenses $ 1,399 $ 897