XML 36 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net income $ 10,115 $ 7,225
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,166 3,584
Investment premium amortization, net 301 322
Net loss on disposals of property and equipment 2 6
Foreign exchange (gain) loss 564 (406)
Share-based compensation expense 4,527 4,102
Excess tax benefits from share-based awards (859) (1,729)
Deferred income taxes (1,517) (428)
Equity in net (income) loss of unconsolidated affiliate 32 (16)
Changes in assets and liabilities:    
Receivables, net (7,214) 4,962
Inventories (3,223) (1,174)
Prepaid expenses and other current assets (815) (699)
Other assets (60) 13
Accounts payable 4,053 (1,126)
Accrued payroll and related expenses 4,148 (769)
Accrued taxes (214) (17)
Other accrued liabilities 2,483 (460)
Deferred rent 0 22
Deferred revenue (441) 535
Warranty reserve 317 229
Net cash provided by operating activities 16,365 14,176
Cash flows from investing activities:    
Purchases of held-to-maturity investments (13,650) (8,036)
Proceeds from maturities and redemptions of available-for-sale investments 498 525
Proceeds from maturities and redemptions of held-to-maturity investments 18,729 15,113
Purchases of property and equipment (3,904) (2,761)
Proceeds from disposals of property and equipment 0 9
Net cash provided by investing activities 1,673 4,850
Cash flows from financing activities:    
Proceeds from the exercise of stock options 4 26
Tax withholdings related to net share settlements of restricted stock units (2,884) (4,591)
Excess tax benefits from share-based awards 859 1,729
Proceeds from the exercise of warrants 60 0
Dividends paid (4,498) 0
Net cash used in financing activities (6,459) (2,836)
Effect of exchange rate changes on cash and cash equivalents (574) 346
Net increase in cash and cash equivalents 11,005 16,536
Cash and cash equivalents at beginning of period 73,589 54,910
Cash and cash equivalents at end of period 84,594 71,446
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net of refunds 7,138 4,006
Supplemental disclosure of non-cash flow information:    
Change in unrealized gain (loss) on investments, net of tax (13) (8)
Transfers of equipment between inventory and property and equipment, net 1,223 618
Net change in capitalized share-based compensation 9 26
Common stock withheld for employee taxes in connection with share-based compensation 2,884 4,591
Repayment of notes payable by credits from municipal agency $ 50 $ 50