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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2021
Jun. 30, 2020
OPERATING ACTIVITIES    
Net income (loss) $ 48,124 $ (7,973)
Reconciliation of net income (loss) to net cash (used in) provided by operating activities:    
Depreciation, amortization, and accretion 9,971 9,276
Amortization on cloud computing arrangements 377 84
Bad debt (benefit) expense (2,454) 2,664
Deferred tax benefit (4,002) (14)
Stock-based compensation 5,558 3,687
Loss (gain) on disposal of long lived assets 5 (22)
Impairment of operating lease assets and other long-lived assets 0 2,680
Gain on settlement of asset retirement obligations (10) (38)
Changes in operating assets and liabilities:    
Trade accounts receivable, net (633) 47,709
Inventories, net (179,463) (123,355)
Prepaid expenses and other current assets (25,375) (2,895)
Income tax receivable 2,472 (6,852)
Net operating lease assets and liabilities 6,645 (1,051)
Other assets (26,451) (1,357)
Trade accounts payable 152,144 106,203
Other accrued expenses (34,418) (12,091)
Income taxes payable 4,048 1,558
Other long-term liabilities 7,130 2,956
Net cash (used in) provided by operating activities (36,332) 21,169
INVESTING ACTIVITIES    
Purchases of property and equipment (15,515) (9,253)
Proceeds from sales of property and equipment 0 41
Net cash used in investing activities (15,515) (9,212)
FINANCING ACTIVITIES    
Proceeds from exercise of stock options 69 247
Repurchases of common stock (82,166) 0
Cash paid for shares withheld for taxes (85) (90)
Repayments of mortgage principal 0 (154)
Net cash (used in) provided by financing activities (82,182) 3
Effect of foreign currency exchange rates on cash and cash equivalents 1,380 545
Net change in cash and cash equivalents (132,649) 12,505
Cash and cash equivalents at beginning of period 1,089,361 649,436
Cash and cash equivalents at end of period 956,712 661,941
Cash paid during the period    
Income taxes, net of refunds of $0 and $797, as of June 30, 2021 and 2020, respectively 10,811 4,216
Interest 493 756
Operating leases 14,055 14,185
Non-cash investing activities    
Accrued for purchases of property and equipment 2,510 514
Accrued for asset retirement obligations 3,288 0
Leasehold improvements acquired through tenant allowances $ 4,061 $ 0