XML 61 R5.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 39,124 $ 56,093
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 9,819 9,088
Amortization of debt issuance costs 483 0
Stock-based compensation 16,882 13,692
Excess tax benefit from stock-based compensation (3,150) (1,684)
Deferred income taxes 2,807 1,769
Provision for excess and obsolete inventories 1,084 565
Other operating activities 3,037 (1,104)
Changes in assets and liabilities, net of effect of acquisition:    
Accounts receivable, net (2,825) (1,632)
Inventory, net (2,166) (5,119)
Current and other assets (2,190) (2,931)
Accounts payable 9,016 8,158
Accrued liabilities 671 (7,771)
Income taxes (6,144) 2,907
Cash provided by operating activities 66,448 72,031
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sales of investments 24,829 20,951
Proceeds from maturities of investments 40,405 81,275
Purchase of investments (61,591) (99,225)
Acquisition, net of cash acquired 0 (150)
Capital expenditures (13,092) (13,419)
Cash used for investing activities (9,449) (10,568)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repurchase of common stock (473,220) (18,917)
Employees' tax withheld and paid for restricted stock and restricted stock units (10,499) (6,235)
Proceeds from issuances under stock-based compensation plans 9,071 11,424
Proceeds from revolving line of credit 155,749 0
Repayments of revolving line of credit (190,249) 0
Proceeds from bonds issuance, net of issuance costs 488,401 0
Payment of cash dividends (10,986) (12,836)
Excess tax benefit from stock-based compensation 3,150 1,684
Cash used for financing activities (28,583) (24,880)
Effect of exchange rate changes on cash and cash equivalents (430) (1,058)
Net increase in cash and cash equivalents 27,986 35,525
Cash and cash equivalents at beginning of period 276,850 232,704
Cash and cash equivalents at end of period $ 304,836 $ 268,229