XML 18 R6.htm IDEA: XBRL DOCUMENT v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2019
Jun. 30, 2018
OPERATING ACTIVITIES    
Net loss $ (19,351) $ (30,407)
Reconciliation of net loss to cash (used in) provided by operating activities    
Depreciation, amortization and accretion 10,345 11,405
Bad debt (benefit) expense (937) 608
Deferred tax benefit (1,646) (509)
Stock-based compensation 3,424 3,526
Employee stock purchase plan 49 45
Excess tax benefits from stock-based compensation (580) (106)
Loss on disposal of property and equipment 59 58
Changes in operating assets and liabilities:    
Trade accounts receivable, net 19,860 11,940
Inventories, net (194,552) (136,641)
Prepaid expenses and other current assets (7,172) (9,295)
Income tax receivable (1,499) (229)
Net operating lease assets and liabilities (1,033)  
Other assets (547) 1,418
Trade accounts payable 175,129 168,569
Accrued expenses (8,598) (1,795)
Income taxes payable (18,625) (6,204)
Long-term liabilities (955) (4,310)
Net cash (used in) provided by operating activities (46,629) 8,073
INVESTING ACTIVITIES    
Purchases of property and equipment (7,393) (7,286)
Proceeds from sale of property and equipment, net 227 47
Net cash used in investing activities (7,166) (7,239)
FINANCING ACTIVITIES    
Cash received from issuances of common stock 2,773 0
Cash paid for repurchase of common stock (35,005) (9,999)
Cash paid for shares withheld for taxes (374) (499)
Repayment of mortgage principal (146) (139)
Net cash used in financing activities (32,752) (10,637)
Effect of foreign currency exchange rates on cash (519) (2,316)
Net change in cash and cash equivalents (87,066) (12,119)
Cash and cash equivalents at beginning of period 589,692 429,970
Cash and cash equivalents at end of period 502,626 417,851
Cash paid during the period for    
Income taxes, net of refunds of $4,293 and $2,744, as of June 30, 2019 and 2018, respectively 11,833 1,961
Interest 563 1,494
Operating leases 15,265  
Non-cash investing activities    
Accrued for purchases of property and equipment $ 1,116 $ 2,315