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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
6 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES  
Net income$ 54,252$ 51,375
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation and amortization6,8497,765
Stock-based compensation8,6887,789
Provisions for sales allowances and doubtful accounts100238
Provision for excess and obsolete inventories1,321242
Benefit from deferred income taxes(5,765)(2,846)
Income tax benefit associated with stock option exercises1,9241,457
Excess tax benefit from stock-based compensation(3,360)(907)
Amortization of premium on investments, net8490
Other operating activities289189
Changes in assets and liabilities:  
Accounts receivable, net246(6,802)
Inventory, net(5,390)334
Current and other assets(408)(1,212)
Accounts payable(8,883)(4,064)
Accrued liabilities(6,762)(945)
Income taxes12,6304,672
Cash provided by operating activities56,58057,285
CASH FLOWS FROM INVESTING ACTIVITIES  
Proceeds from sales of short-term investments66,06023,250
Proceeds from maturities of short-term investments83,1080
Purchase of short-term investments(88,783)(64,842)
Proceeds from sales of long-term investments4,9360
Purchase of long-term investments(45,194)(14,739)
Capital expenditures and other assets(10,044)(6,227)
Cash provided by (used for) investing activities10,083(62,558)
CASH FLOWS FROM FINANCING ACTIVITIES  
Repurchase of common stock(184,067)(59,979)
Equity forward contract related to accelerated share repurchase program(15,000)0
Proceeds from sale of treasury stock2,5192,022
Proceeds from issuance of common stock16,66411,079
Proceeds from revolving line of credit17,5000
Payment of cash dividends(4,720)(4,838)
Employees taxes withheld and paid for restricted stock and restricted stock units(880)(62)
Excess tax benefit from stock-based compensation3,360907
Cash used for financing activities(164,624)(50,871)
Effect of exchange rate changes on cash and cash equivalents(1,037)612
Net decrease in cash and cash equivalents(98,998)(55,532)
Cash and cash equivalents at beginning of period284,375349,961
Cash and cash equivalents at end of period$ 185,377$ 294,429