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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 82,599 $ 68,392 $ 112,301
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 20,977 20,142 18,711
Amortization of debt issuance costs 1,450 1,208 0
Stock-based compensation 33,539 33,265 28,594
Excess tax benefit from stock-based compensation (1,416) (3,540) (3,520)
Deferred income taxes (657) (8,291) (980)
Provision for excess and obsolete inventories 1,960 2,430 931
Restructuring charges (109) 16,160 0
Cash payments for restructuring charges (4,001) (10,385) 0
Other operating activities 2,948 7,680 (1,188)
Changes in assets and liabilities:      
Accounts receivable (13,894) 8,445 4,272
Inventory (3,791) 1,357 128
Current and other assets 1,386 (605) (5,368)
Accounts payable 4,377 5,407 (62)
Accrued liabilities 13,260 4,998 500
Income taxes (657) 206 119
Cash provided by operating activities 137,971 146,869 154,438
CASH FLOWS FROM INVESTING ACTIVITIES      
Proceeds from sales of investments 157,066 102,517 96,129
Proceeds from maturities of investments 144,092 97,164 120,430
Purchase of investments (300,434) (300,620) (216,013)
Acquisition, net of cash acquired 0 0 (150)
Capital expenditures (23,176) (30,661) (21,962)
Cash used for investing activities (22,452) (131,600) (21,566)
CASH FLOWS FROM FINANCING ACTIVITIES      
Repurchase of common stock (34,236) (497,393) (112,939)
Employees' tax withheld and paid for restricted stock and restricted stock units (9,736) (11,068) (7,611)
Proceeds from issuances under stock-based compensation plans 15,202 15,384 23,042
Payment of cash dividends (19,959) (21,061) (25,730)
Proceeds from revolving line of credit 0 155,749 34,500
Repayments of revolving line of credit 0 (190,249) 0
Proceeds from bonds issuance, net of issuance costs 0 488,401 0
Excess tax benefit from stock-based compensation 1,416 3,540 3,520
Other financing activity 761 0 0
Cash used for financing activities (46,552) (56,697) (85,218)
Effect of exchange rate changes on cash and cash equivalents (2,263) (156) (3,508)
Net increase (decrease) in cash and cash equivalents 66,704 (41,584) 44,146
Cash and cash equivalents at beginning of year 235,266 276,850 232,704
Cash and cash equivalents at end of year 301,970 235,266 276,850
SUPPLEMENTAL DISCLOSURES      
Cash paid for income taxes 20,948 25,517 33,804
Cash paid for interest $ 27,783 $ 12,833 $ 0