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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2018
Sep. 30, 2017
OPERATING ACTIVITIES    
Net income $ 43,965 $ 7,438
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation, amortization and accretion 22,134 24,453
Loss on extinguishment of debt 445 0
Bad debt expense 2,394 4,678
Deferred tax benefit (2,029) (3,449)
Stock-based compensation 7,362 6,798
Employee stock purchase plan 90 68
Excess tax benefits from stock compensation 1,336 76
(Gain) loss on sale of assets (94) 273
Impairment of intangible and other long-lived assets 0 393
Restructuring charges 295 1,518
Changes in operating assets and liabilities:    
Trade accounts receivable, net (158,883) (152,607)
Inventories, net (227,257) (256,709)
Prepaid expenses and other current assets (4,965) (2,096)
Income tax receivable 445 16,999
Other assets 1,722 (667)
Trade accounts payable 183,638 148,894
Accrued expenses (28,120) 11,132
Income taxes payable (540) 5,208
Long-term liabilities (2,675) 4,810
Net cash used in operating activities (160,737) (182,790)
INVESTING ACTIVITIES    
Purchases of property and equipment (14,091) (10,158)
Proceeds from sales of property and equipment, net 68 7
Net cash used in investing activities (14,023) (10,151)
FINANCING ACTIVITIES    
Proceeds from short-term borrowings 108,001 156,751
Repayments of short-term borrowings (37,000) (24,000)
Proceeds on issuance of stock for employee stock purchase plan 474 353
Cash paid for shares withheld for taxes (4,589) (1,871)
Cash paid for repurchases of common stock (134,735) 0
Loan origination costs on short-term borrowings (1,276) 0
Repayment of mortgage principal (279) (265)
Net cash (used in) provided by financing activities (69,404) 130,968
Effect of foreign currency exchange rates on cash (3,614) 795
Net change in cash and cash equivalents (247,778) (61,178)
Cash and cash equivalents at beginning of period 429,970 291,764
Cash and cash equivalents at end of period 182,192 230,586
Cash paid (refunded) during the period    
Income taxes, net of refunds and payments of $3,730 and $4,111, as of September 30, 2018 and 2017, respectively 8,682 (14,397)
Proceeds from income tax refunds 3,730  
Income tax payments   4,111
Interest 2,272 1,607
Non-cash investing and financing activities    
Accrued for purchases of property and equipment 2,968 2,757
Accrued for asset retirement obligations $ 70 $ 540