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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2020
OPERATING ACTIVITIES      
Net income $ 451,949 $ 382,575 $ 276,142
Reconciliation of net income to net cash provided by (used in) operating activities:      
Depreciation, amortization, and accretion 42,878 40,530 38,912
Amortization on cloud computing arrangements 1,552 737 0
Bad debt (benefit) expense (342) 3,053 3,498
Deferred tax (benefit) expense (27,796) (8,171) 2,934
Stock-based compensation 26,816 22,701 14,477
Loss on disposal of long-lived assets 107 1,019 698
Impairment of intangible assets 0 3,522 0
Impairment of operating lease and other long-lived assets 3,186 14,084 1,365
Gain on settlement of asset retirement obligations 0 (207) (705)
Changes in operating assets and liabilities:      
Trade accounts receivable, net (86,627) (33,173) (10,493)
Inventories (228,554) 33,378 (32,777)
Prepaid expenses and other current assets (19,095) (22,128) 2,477
Income tax receivable (11,933) 1,842 (5,811)
Net operating lease assets and lease liabilities 3,189 250 (3,264)
Other assets (28,296) (3,103) (6,558)
Trade accounts payable 89,184 79,176 23,312
Other accrued expenses (20,370) 53,785 (11,112)
Income tax payable (24,494) 25,817 (8,179)
Other long-term liabilities 999 530 1,418
Net cash provided by operating activities 172,353 596,217 286,334
INVESTING ACTIVITIES      
Purchases of property and equipment (51,017) (32,218) (32,455)
Proceeds from sales of property and equipment 8 49 491
Net cash used in investing activities (51,009) (32,169) (31,964)
FINANCING ACTIVITIES      
Proceeds from short-term borrowings 0 9,100 69,336
Repayments of short-term borrowings 0 (9,478) (69,197)
Proceeds from issuance of stock 1,991 1,502 1,288
Proceeds from exercise of stock options 1,204 6,775 3,615
Repurchases of common stock (356,653) (99,147) (190,405)
Cash paid for shares withheld for taxes (14,024) (7,432) (6,148)
Repayments of mortgage principal 0 (30,901) (603)
Net cash used in financing activities (367,482) (129,581) (192,114)
Effect of foreign currency exchange rates on cash and cash equivalents 304 5,458 (2,512)
Net change in cash and cash equivalents (245,834) 439,925 59,744
Cash and cash equivalents at beginning of period 1,089,361 649,436 589,692
Cash and cash equivalents at end of period 843,527 1,089,361 649,436
Cash paid during the period      
Income taxes, net of refunds of $77, $1,564, and $5,389, as of March 31, 2022, 2021, and 2020, respectively 192,013 104,068 74,573
Interest 1,842 2,931 2,466
Operating leases 55,588 57,376 61,120
Noncash investing and financing activities      
Change in accounts payable and other accrued expenses for purchases of property and equipment 2,797 2,721 (618)
Accrued for asset retirement obligation assets related to leasehold improvements 3,900 1,842 224
Leasehold improvements acquired through tenant allowances 4,061 0 0
Accrued for shares withheld for taxes $ 8,435 $ 11,679 $ 0