XML 113 R6.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2021
Sep. 30, 2020
OPERATING ACTIVITIES    
Net income $ 150,187 $ 93,581
Reconciliation of net income to net cash used in by operating activities:    
Depreciation, amortization, and accretion 19,931 19,499
Amortization on cloud computing arrangements 767 204
Bad debt (benefit) expense (10) 7,163
Deferred tax (benefit) expense (3,239) 1,503
Stock-based compensation 11,792 7,635
Loss on disposal of long lived assets 23 135
Impairment of operating lease assets and leasehold improvements 0 2,680
Gain on settlement of asset retirement obligations 0 (165)
Changes in operating assets and liabilities:    
Trade accounts receivable, net (154,633) (147,832)
Inventories, net (358,028) (172,518)
Prepaid expenses and other current assets (10,942) (12,012)
Income tax receivable (7,505) (3,205)
Net operating lease assets and lease liabilities 5,947 (3,385)
Other assets (28,387) (2,417)
Trade accounts payable 256,028 162,289
Other accrued expenses (37,673) 11,434
Income taxes payable (19,729) 20,607
Other long-term liabilities 2,797 (1,157)
Net cash used in operating activities (172,674) (15,961)
INVESTING ACTIVITIES    
Purchases of property and equipment (26,719) (13,333)
Proceeds from sales of property and equipment 0 49
Net cash used in investing activities (26,719) (13,284)
FINANCING ACTIVITIES    
Proceeds from short-term borrowings 0 9,100
Proceeds from issuance of stock 914 698
Proceeds from exercise of stock options 69 1,381
Repurchases of common stock (135,973) 0
Cash paid for shares withheld for taxes (9,280) (7,054)
Repayments of mortgage principal 0 (309)
Net cash (used in) provided by financing activities (144,270) 3,816
Effect of foreign currency exchange rates on cash and cash equivalents 513 2,407
Net change in cash and cash equivalents (343,150) (23,022)
Cash and cash equivalents at beginning of period 1,089,361 649,436
Cash and cash equivalents at end of period 746,211 626,414
Cash paid during the period    
Income taxes, net of refunds of $71 and $1,292, as of September 30, 2021 and 2020, respectively 74,312 11,764
Interest 936 1,505
Operating leases 28,470 28,911
Non-cash investing activities    
Accrued for purchases of property and equipment 5,959 3,598
Accrued for asset retirement obligations 3,505 323
Leasehold improvements acquired through tenant allowances $ 4,061 $ 0