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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES    
Net income $ 632,018 $ 425,035
Reconciliation of net income to net cash provided by (used in) operating activities:    
Depreciation, amortization, and accretion 40,901 35,089
Amortization on cloud computing arrangements 1,651 1,572
Loss on extinguishment of debt 0 226
Bad debt expense 2,212 3,692
Deferred tax expense (benefit) 2,850 (343)
Stock-based compensation 28,687 18,130
Loss on disposal of long-lived assets 235 18
Impairment of operating lease and other long-lived assets 1,129 2,085
Changes in operating assets and liabilities:    
Trade accounts receivable, net (32,379) (27,345)
Inventories (6,111) (216,569)
Prepaid expenses and other current assets (22,498) (47,782)
Income tax receivable (10,585) 13,712
Net operating lease assets and lease liabilities 8,188 (6,339)
Other assets (6,595) 14,641
Trade accounts payable 242,496 161,512
Other accrued expenses 92,042 42,681
Income tax payable 92,028 63,936
Other long-term liabilities (4,411) (6,068)
Net cash provided by operating activities 1,061,858 477,883
INVESTING ACTIVITIES    
Purchases of property and equipment (74,078) (56,059)
Proceeds from sales of property and equipment 34 6
Net cash used in investing activities (74,044) (56,053)
FINANCING ACTIVITIES    
Loan origination costs on revolving credit facilities 0 (1,537)
Proceeds from issuance of stock 1,165 1,046
Proceeds from exercise of stock options 2,525 1,870
Repurchases of common stock (310,635) (194,862)
Cash paid for shares withheld for taxes (9,153) (5,414)
Net cash used in financing activities (316,098) (198,897)
Effect of foreign currency exchange rates on cash and cash equivalents (2,709) (8,617)
Net change in cash and cash equivalents 669,007 214,316
Cash and cash equivalents at beginning of period 981,795 843,527
Cash and cash equivalents at end of period 1,650,802 1,057,843
Cash paid during the period    
Income taxes, net of refunds of $237 and $1,286, as of December 31, 2023, and 2022, respectively 108,202 59,418
Interest 1,358 1,415
Operating leases 49,283 45,244
Non-cash investing activities    
Changes in accounts payable and accrued expenses for purchases of property and equipment (10,162) (2,696)
Accrued for asset retirement obligation assets related to leasehold improvements 1,094 1,051
Leasehold improvements acquired through tenant allowances 8,127 0
Non-cash financing activities    
Accrued excise taxes related to repurchases of common stock $ 2,649 $ 0