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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2017
Operating activities:      
Net income $ 259,016 $ 112,170 $ 52,116
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 14,121 11,005 6,202
Bad debt expense 720 38 159
Stock-based compensation 54,494 40,353 32,866
Write-down of inventory and other 4,252 3,946 3,085
Accretion on marketable securities (2,744)    
Change in fair value of other investments (30,161)    
Excess tax benefit from stock-based awards     (12,038)
Deferred tax provision (7,745) 42,624 25,803
Change in fair value of contingent consideration (915) 1,337 1,590
Changes in assets and liabilities:      
Accounts receivable (22,023) (15,289) (11,550)
Inventories (37,181) (15,686) (12,284)
Prepaid expenses and other assets (2,527) (4,466) (2,366)
Accounts payable 7,976 4,412 7,565
Accrued expenses and other liabilities 13,406 7,722 22,223
Deferred revenue 1,508 4,380 1,745
Net cash provided by operating activities 252,197 192,546 115,116
Investing activities:      
Purchases of marketable securities (361,602) (325,408) (278,501)
Proceeds from the sale and maturity of marketable securities and other 331,886 206,909 205,482
Purchases of other investments and intangible assets (42,735) (6,400) (2,899)
Purchases of property and equipment (44,004) (55,863) (50,415)
Net cash used for investing activities (116,455) (180,762) (126,333)
Financing activities:      
Proceeds from the exercise of stock options 12,949 9,303 10,660
Excess tax benefit from stock-based awards     12,038
Taxes paid related to net share settlement upon vesting of stock awards (71,776) (20,317) (20,105)
Proceeds from the issuance of stock under employee stock purchase plan 3,052 2,394 1,720
Principal payments on capital lease obligation   (517) (446)
Net cash (used for) provided by financing activities (55,775) (9,137) 3,867
Effect of exchange rate changes on cash (1,921) 1,288 (1,841)
Net increase in cash and cash equivalents 78,046 3,935 (9,191)
Cash and cash equivalents at beginning of year 42,975 39,040 48,231
Cash and cash equivalents at end of year 121,021 42,975 39,040
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 5,290 4,641 1,405
Cash paid for interest on capital lease obligation   302 354
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 $ 4,787 $ 3,338 $ 5,692