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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net income $ 138,093 $ 92,102
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 40,102 27,745
Noncash lease expense 13,787 13,581
Stock-based compensation expense 13,696 12,444
Amortization of debt issuance costs 1,161 1,129
Loss on debt extinguishment 0 2,515
Losses (gains) on dispositions, and other 688 (27)
Changes in assets and liabilities:    
Accounts receivable, net (205,387) (220,112)
Deferred income taxes and income taxes receivable / payable 34,802 22,323
Prepaid expenses and other current and long-term assets (10,636) (8,874)
Accrued compensation and benefits (61,039) (75,509)
Accounts payable and other accrued expenses (4,287) 121,862
Other current and long-term liabilities (6,614) 159
Net cash used in operating activities (45,634) (10,662)
Cash flows from investing activities    
Purchases of property, equipment, and software (13,734) (9,008)
Payments for business acquisitions, net of cash acquired 0 (665,583)
Payments for cost method investments 0 (2,000)
Net cash used in investing activities (13,734) (676,591)
Cash flows from financing activities    
Proceeds from issuance of common stock 6,081 5,758
Stock option exercises 4,596 1,794
Repurchases of common stock (73,397) (123,805)
Cash dividends paid (58,899) (51,641)
Repayments on revolving credit facility, term loans, and Senior Notes (17,095) (60,973)
Net proceeds from debt issuance 0 487,027
Proceeds from revolving credit facility 0 60,000
Net cash (used in) provided by financing activities (138,714) 318,160
Net decrease in cash and cash equivalents (198,082) (369,093)
Cash and cash equivalents––beginning of period 695,910 990,955
Cash and cash equivalents––end of period 497,828 621,862
Net cash paid during the period for:    
Interest 8,735 6,713
Income taxes 2,952 1,673
Supplemental disclosures of non-cash investing and financing activities    
Share repurchases transacted but not settled and paid $ 0 $ 3,041