XML 16 R5.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 55,412 $ 86,477
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 14,838 13,975
Amortization of debt issuance costs 845 0
Stock-based compensation 24,599 21,122
Excess tax benefit from stock-based compensation (3,300) (2,988)
Deferred income taxes 2,185 1,654
Provision for excess and obsolete inventories 1,319 992
Non-cash restructuring charges 8,433 0
Other operating activities 5,896 484
Changes in assets and liabilities, net of effect of acquisition:    
Accounts receivable, net 1,279 (18,479)
Inventory, net (352) (920)
Current and other assets (264) (4,680)
Accounts payable 5,744 2,395
Accrued liabilities (3,841) 3,464
Income taxes (8,770) (3,120)
Cash provided by operating activities 104,023 100,376
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sales of investments 56,890 72,564
Proceeds from maturities of investments 51,895 102,175
Purchase of investments (206,110) (172,757)
Acquisition, net of cash acquired 0 (150)
Capital expenditures (20,977) (19,214)
Cash used for investing activities (118,302) (17,382)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repurchase of common stock (482,776) (27,443)
Employees' tax withheld and paid for restricted stock and restricted stock units (10,804) (7,306)
Proceeds from issuances under stock-based compensation plans 9,854 17,821
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 (16,034) (19,296)
Excess tax benefit from stock-based compensation 3,300 2,988
Cash used for financing activities (42,559) (33,236)
Effect of exchange rate changes on cash and cash equivalents (921) (2,112)
Net increase (decrease) in cash and cash equivalents (57,759) 47,646
Cash and cash equivalents at beginning of period 276,850 232,704
Cash and cash equivalents at end of period $ 219,091 $ 280,350