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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2018
OPERATING ACTIVITIES      
Net income $ 276,142 $ 264,308 $ 114,394
Reconciliation of net income to net cash provided by (used in) operating activities:      
Depreciation, amortization and accretion 38,912 44,941 48,572
Loss on extinguishment of debt 0 447 0
Bad debt expense 3,498 2,849 4,168
Deferred tax expense 2,934 6,939 8,138
Stock-based compensation 14,477 14,774 14,306
Excess tax benefit from stock-based compensation (1,953) (546) (1,982)
Loss on disposal of property and equipment 698 277 387
Impairment of operating lease assets and other long-lived assets 1,365 180 2,417
Restructuring charges 0 295 1,667
Gain on settlement of asset retirement obligations (705) 0 0
Changes in operating assets and liabilities:      
Trade accounts receivable, net (10,493) (16,157) 10,770
Inventories, net (32,777) 8,827 (751)
Prepaid expenses and other current assets 2,477 (515) 11,124
Income tax receivable (5,811) (165) 26,999
Net operating lease assets and liabilities (3,264)    
Other assets (6,558) 2,630 (1,714)
Trade accounts payable 23,312 26,667 (4,462)
Other accrued expenses (11,112) (2,792) 30,904
Income taxes payable (6,226) 4,355 290
Long-term liabilities 1,418 2,191 62,128
Net cash (used in) provided by operating activities 286,334 359,505 327,355
INVESTING ACTIVITIES      
Purchases of property and equipment (32,455) (29,086) (34,813)
Proceeds from sales of property and equipment 491 68 116
Net cash used in investing activities (31,964) (29,018) (34,697)
FINANCING ACTIVITIES      
Proceeds from short-term borrowings 69,336 162,001 214,751
Repayments of short-term borrowings (69,197) (161,621) (214,889)
Debt issuance costs on short-term borrowings 0 (1,297) 0
Proceeds on issuance of stock for employee stock purchase plan 1,288 1,025 765
Proceeds from exercise of options 3,615 0 0
Repurchases of common stock (190,405) (161,395) (149,687)
Cash paid for shares withheld for taxes (6,148) (5,328) (8,105)
Repayment of mortgage principal (603) (578) (550)
Net cash used in financing activities (192,114) (167,193) (157,715)
Effect of foreign currency exchange rates on cash and cash equivalents (2,512) (3,572) 3,263
Net change in cash and cash equivalents 59,744 159,722 138,206
Cash and cash equivalents at beginning of period 589,692 429,970 291,764
Cash and cash equivalents at end of period 649,436 589,692 429,970
Cash paid during the period      
Income taxes, net of refunds of $5,389, $3,824, and $23,133, as of March 31, 2020, 2019, and 2018, respectively 74,573 53,657 14,407
Interest 2,466 3,811 3,774
Operating leases 61,120    
Non-cash investing and financing activities:      
Accrued for purchases of property and equipment 1,171 1,789 2,020
Accrued for asset retirement obligations 224 4,706 1,359
Accrued for shares withheld for taxes $ 0 $ 0 $ 171