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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2018
Dec. 31, 2017
OPERATING ACTIVITIES    
Net income $ 240,339 $ 93,779
Reconciliation of net income to cash provided by operating activities:    
Depreciation, amortization and accretion 33,547 36,655
Amortization on debt issuance costs 221 0
Loss on extinguishment of debt 447 0
Bad debt expense 1,971 3,649
Deferred tax expense 5,094 13,772
Stock-based compensation 11,400 10,485
Employee stock purchase plan 140 106
Loss on disposal of property and equipment 87 332
Impairment of intangible and other long-lived assets 180 1,900
Restructuring charges 295 1,667
Changes in operating assets and liabilities:    
Trade accounts receivable, net (115,638) (77,600)
Inventories, net (54,373) (97,458)
Prepaid expenses and other current assets (19,808) (9,075)
Income tax receivable (357) 20,797
Other assets 3,493 (1,267)
Trade accounts payable 134,495 103,310
Accrued expenses 15,455 62,026
Income taxes payable 24,054 29,190
Long-term liabilities (1,302) 60,828
Net cash provided by operating activities 279,740 253,096
INVESTING ACTIVITIES    
Purchases of property and equipment (21,832) (21,409)
Proceeds from sale of property and equipment, net 68 7
Net cash used in investing activities (21,764) (21,402)
FINANCING ACTIVITIES    
Proceeds from short-term borrowings 162,001 214,751
Repayments of short-term borrowings (161,621) (214,889)
Loan origination costs on short-term borrowings (1,292) 0
Proceeds on issuance of stock for employee stock purchase plan 474 353
Cash paid for repurchase of common stock (161,395) (24,687)
Cash paid for shares withheld for taxes (4,900) (7,716)
Repayment of mortgage principal (425) (404)
Net cash used in financing activities (167,158) (32,592)
Effect of foreign currency exchange rates on cash (4,850) 2,136
Net change in cash and cash equivalents 85,968 201,238
Cash and cash equivalents at beginning of period 429,970 291,764
Cash and cash equivalents at end of period 515,938 493,002
Cash paid (refunded) during the period for:    
Income taxes, net of refunds and payments of $3,674 and $10,261, as of December 31, 2018 and 2017, respectively 29,646 (11,989)
Income tax refunds (3,674)  
Income tax payments   10,261
Interest 3,158 3,156
Non-cash investing activity:    
Accrued for purchases of property and equipment 798 1,677
Accrued for purchases of property and equipment $ 4,710 $ 853