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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2022
Sep. 30, 2021
OPERATING ACTIVITIES    
Net income $ 146,373 $ 150,187
Reconciliation of net income to net cash (used in) provided by operating activities:    
Depreciation, amortization, and accretion 23,018 19,931
Amortization on cloud computing arrangements 1,001 767
Bad debt expense (benefit) 4,444 (10)
Deferred tax expense (benefit) 788 (3,239)
Stock-based compensation 10,550 11,792
Loss on disposal of long-lived assets 24 23
Impairment of operating lease and other long-lived assets 1,068 0
Changes in operating assets and liabilities:    
Trade accounts receivable, net (136,430) (154,633)
Inventories (418,247) (358,028)
Prepaid expenses and other current assets (22,791) (10,942)
Income tax receivable (6,134) (7,505)
Net operating lease assets and lease liabilities (4,057) 5,947
Other assets 2,308 (28,387)
Trade accounts payable 157,155 256,028
Other accrued expenses (14,688) (37,673)
Income tax payable 26,915 (19,729)
Other long-term liabilities (8,143) 2,797
Net cash used in operating activities (236,846) (172,674)
INVESTING ACTIVITIES    
Purchases of property and equipment (24,254) (26,719)
Net cash used in investing activities (24,254) (26,719)
FINANCING ACTIVITIES    
Proceeds from issuance of stock 1,046 914
Proceeds from exercise of stock options 1,830 69
Repurchases of common stock (150,240) (135,973)
Cash paid for shares withheld for taxes (5,102) (9,280)
Net cash used in financing activities (152,466) (144,270)
Effect of foreign currency exchange rates on cash and cash equivalents (10,702) 513
Net change in cash and cash equivalents (424,268) (343,150)
Cash and cash equivalents at beginning of period 843,527 1,089,361
Cash and cash equivalents at end of period 419,259 746,211
Cash paid during the period    
Income taxes, net of refunds of $1,124 and $71, as of September 30, 2022, and 2021, respectively 29,242 74,312
Interest 901 936
Operating leases 17,589 28,470
Non-cash investing activities    
Change in accounts payable and other accrued expenses for purchases of property and equipment (2,516) 5,959
Accrued for asset retirement obligation assets related to leasehold improvements 803 3,505
Leasehold improvements acquired through tenant allowances $ 0 $ 4,061