XML 20 R6.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:    
Net income $ 22,769 $ 16,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,192 6,387
Investment premium amortization, net 898 478
Net loss on disposals of property and equipment 32 (16)
Impairment loss of intangible assets 13 0
Foreign exchange (gain) loss (134) 938
Share-based compensation expense 8,236 7,220
Excess tax benefits from share-based awards (1,628) (952)
Deferred income taxes (263) (3,071)
Equity in net (income) loss of unconsolidated affiliate (56) (74)
Changes in assets and liabilities:    
Receivables, net (2,400) (1,537)
Inventories 159 (6,660)
Prepaid expenses and other current assets (2,369) (1,378)
Other assets (485) (76)
Accounts payable 155 920
Accrued payroll and related expenses (4,189) 3,393
Accrued taxes (4,539) 24
Other liabilities (5,372) 5,760
Deferred revenue (488) (559)
Warranty reserve (62) 1,039
Net cash provided by operating activities 15,469 27,836
Cash flows from investing activities:    
Purchases of available-for-sale investments (1,726) 0
Purchases of held-to-maturity investments (41,064) (23,478)
Proceeds from maturities and redemptions of available-for-sale investments 0 6,498
Proceeds from maturities and redemptions of held-to-maturity investments 19,212 20,725
Purchases of property and equipment (4,405) (4,964)
Proceeds from disposals of property and equipment 0 25
Acquisitions, net of cash acquired (1,131) (721)
Net cash provided by (used in) investing activities (29,114) (1,915)
Cash flows from financing activities:    
Proceeds from the exercise of stock options 0 24
Tax withholdings related to net share settlements of restricted stock units (5,237) (3,013)
Excess tax benefits from share-based awards 1,628 952
Proceeds from the exercise of warrants 12 72
Dividends paid (7,494) (6,752)
Net cash used in financing activities (11,091) (8,717)
Effect of exchange rate changes on cash and cash equivalents 123 (1,023)
Net increase (decrease) in cash and cash equivalents (24,613) 16,181
Cash and cash equivalents at beginning of period 107,015 73,589
Cash and cash equivalents at end of period 82,402 89,770
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net of refunds 17,623 11,136
Supplemental disclosure of non-cash flow information:    
Change in unrealized gain (loss) on investments, net of tax (9) (17)
Transfers of equipment between inventory and property and equipment, net 902 1,552
Net change in capitalized share-based compensation 60 (30)
Common stock withheld for employee taxes in connection with share-based compensation 5,237 3,013
Repayment of notes payable by credits from municipal agency 76 76
Settlement of preexisting business relationship in connection with acquisition 0 931
Installment payment obligation related to acquisition $ 0 $ 2,336