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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Operating activities:    
Net income $ 185,056 $ 75,323
Adjustments required to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 9,936 8,100
Bad debt expense (recovery) 578 (8)
Stock-based compensation 43,757 29,170
Write-down of inventory and other 3,152 3,212
Accretion on marketable securities (1,644)  
Deferred tax provision (25,992) 34,740
Change in fair value of contingent consideration 93 1,270
Changes in assets and liabilities:    
Accounts receivable (19,268) (10,342)
Inventories (26,522) (11,974)
Prepaid expenses and other assets 678 (1,033)
Accounts payable 4,909 2,595
Accrued expenses and other liabilities 6,909 3,874
Deferred revenue 164 1,220
Net cash provided by operating activities 181,806 136,147
Investing activities:    
Purchases of marketable securities (241,745) (209,834)
Proceeds from the sale and maturity of marketable securities 226,949 148,095
Purchase of other assets (30,436) (6,400)
Purchases of property and equipment (35,469) (44,168)
Net cash used for investing activities (80,701) (112,307)
Financing activities:    
Proceeds from the exercise of stock options 11,043 7,626
Taxes paid related to net share settlement of vesting of stock awards (71,213) (19,860)
Proceeds from the issuance of stock under employee stock purchase plan 1,376 1,063
Principal payments on capital lease obligation   (517)
Net cash used for financing activities (58,794) (11,688)
Effect of exchange rate changes on cash (1,105) (690)
Net increase in cash and cash equivalents 41,206 11,462
Cash and cash equivalents at beginning of period 42,975 39,040
Cash and cash equivalents at end of period 84,181 50,502
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 4,500 845
Cash paid for interest on capital lease obligation   302
Supplemental disclosure of non-cash investing and financing activities:    
Property and equipment in accounts payable and accrued expenses $ 1,670 $ 3,836