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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2019
OPERATING ACTIVITIES      
Net income $ 382,575,000 $ 276,142,000 $ 264,308,000
Reconciliation of net income to net cash used in operating activities:      
Depreciation, amortization, and accretion 40,530,000 38,912,000 44,941,000
Amortization on cloud computing arrangements 737,000 0 0
Loss on extinguishment of debt 0 0 447,000
Bad debt expense 3,053,000 3,498,000 2,849,000
Deferred tax (benefit) expense (8,171,000) 2,934,000 6,939,000
Stock-based compensation 22,701,000 14,477,000 14,774,000
Excess tax benefit from stock-based compensation (586,000) (1,953,000) (546,000)
Loss on disposal of long lived assets 1,019,000 698,000 277,000
Impairment of intangible assets 3,522,000 0 0
Impairment of operating lease assets and other long-lived assets 14,084,000 1,365,000 180,000
Restructuring charges 0 0 295,000
Gain on settlement of asset retirement obligations (207,000) (705,000) 0
Changes in operating assets and liabilities:      
Trade accounts receivable, net (33,173,000) (10,493,000) (16,157,000)
Inventories, net 33,378,000 (32,777,000) 8,827,000
Prepaid expenses and other current assets (22,128,000) 2,477,000 (515,000)
Income tax receivable 1,842,000 (5,811,000) (165,000)
Net operating lease assets and liabilities 250,000 (3,264,000) 0
Other assets (3,103,000) (6,558,000) 2,630,000
Trade accounts payable 79,176,000 23,312,000 26,667,000
Other accrued expenses 53,785,000 (11,112,000) (2,792,000)
Income taxes payable 26,403,000 (6,226,000) 4,355,000
Other long-term liabilities 530,000 1,418,000 2,191,000
Net cash provided by operating activities 596,217,000 286,334,000 359,505,000
INVESTING ACTIVITIES      
Purchases of property and equipment (32,218,000) (32,455,000) (29,086,000)
Proceeds from sales of property and equipment 49,000 491,000 68,000
Net cash used in investing activities (32,169,000) (31,964,000) (29,018,000)
FINANCING ACTIVITIES      
Proceeds from short-term borrowings 9,100,000 69,336,000 162,001,000
Repayments of short-term borrowings (9,478,000) (69,197,000) (161,621,000)
Debt issuance costs on short-term borrowings 0 0 (1,297,000)
Proceeds from issuance of stock 1,502,000 1,288,000 1,025,000
Proceeds from exercise of stock options 6,775,000 3,615,000 0
Repurchases of common stock (99,147,000) (190,405,000) (161,395,000)
Cash paid for shares withheld for taxes (7,432,000) (6,148,000) (5,328,000)
Repayments of mortgage principal (30,901,000) (603,000) (578,000)
Net cash used in financing activities (129,581,000) (192,114,000) (167,193,000)
Effect of foreign currency exchange rates on cash and cash equivalents 5,458,000 (2,512,000) (3,572,000)
Net change in cash and cash equivalents 439,925,000 59,744,000 159,722,000
Cash and cash equivalents at beginning of period 649,436,000 589,692,000 429,970,000
Cash and cash equivalents at end of period 1,089,361,000 649,436,000 589,692,000
Cash paid during the period      
Income taxes, net of refunds of $1,564, $5,389, and $3,824, as of March 31, 2021, 2020, and 2019, respectively 104,068,000 74,573,000 53,657,000
Interest 2,931,000 2,466,000 3,811,000
Operating leases 57,376,000 61,120,000  
Non-cash investing activities      
Accrued for purchases of property and equipment 2,721,000 1,171,000 1,789,000
Accrued for asset retirement obligations 1,842,000 224,000 4,706,000
Accrued for shares withheld for taxes $ 11,679,000 $ 0 $ 0