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Summary of Unaudited Quarterly Results of Operations (Detail) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2017
Disclosure Unaudited Quarterly Financial Information [Abstract]                      
Revenue $ 207,081 $ 200,563 $ 181,778 $ 180,010 $ 174,436 $ 154,022 $ 132,823 $ 132,468 $ 769,432 $ 593,749 $ 445,304
Cost of revenue 34,848 34,023 29,846 30,850 30,098 24,994 21,627 21,862 129,567 98,581 70,627
Other operating expenses 106,844 104,185 101,612 102,412 96,771 84,262 79,470 77,528 415,053 338,031  
Other income, net 33,141 [1] 2,155 [1] 1,513 [1] 1,739 [1] 940 888 758 714 38,548 [1] 3,300 1,205
Income before income taxes 98,530 64,510 51,833 48,487 48,507 45,654 32,484 33,792 263,360 160,437 91,343
Income tax provision (benefit) 24,569 [2] 19,648 [2] 1,706 [2] (41,579) [2] 11,660 [2],[3] 32,208 [2],[3] 7,981 [2],[3] (3,582) [2],[3] 4,344 [2] 48,267 [2],[3] 39,227
Net income $ 73,961 $ 44,862 $ 50,127 $ 90,066 $ 36,847 $ 13,446 $ 24,503 $ 37,374 $ 259,016 $ 112,170 $ 52,116
Basic net income per share $ 1.64 $ 1.00 $ 1.11 $ 2.02 $ 0.83 $ 0.30 $ 0.56 $ 0.85 $ 5.77 $ 2.54 $ 1.21
Diluted net income per share $ 1.60 $ 0.97 $ 1.09 $ 1.95 $ 0.80 $ 0.29 $ 0.54 $ 0.82 $ 5.61 $ 2.45 $ 1.17
[1] In fiscal 2019, the Company invested $25.0 million in medical device company Shockwave Medical. The fair value of this investment as of March 31, 2019 was $56.2 million and the Company recognized a gain of $31.2 million in Other income.
[2] On December 22, 2017, the Tax Cuts and Jobs Act, or Tax Reform Act, was enacted into law. This new law, among other items, reduces the U.S. federal statutory corporate income tax rate from 35% to 21% effective January 1, 2018. During the year ended March 31, 2018, the Company recorded tax expense adjustments for $21.4 million related to the revaluation of its deferred taxes due to a reduction of the U.S. federal statutory corporate income tax rate.
[3] In the first quarter of fiscal 2018, the Company adopted ASU 2016-09, which requires that all excess tax benefits and tax deficiencies related share-based compensation arrangements be recognized as income tax benefit or expense, instead of in stockholders’ equity as previous guidance required. The income tax provision for the years ended March 31, 2019 and 2018 included excess tax benefits of $69.3 million and $31.0 million, respectively. These recognized excess tax benefits resulted from restricted stock units that vested or stock options that were exercised during the years ended March 31, 2019 and 2018.