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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating Activities    
Net income $ 26,664 $ 57,976
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 12,848 11,407
Loss (gain) on sales of intangible assets and property and equipment 55,112 (36)
Deferred income taxes (10,602) 21,985
Amortization of debt origination costs 5,097 4,055
Stock-based compensation costs 3,933 5,034
Loss on extinguishment of debt 0 451
Changes in operating assets and liabilities, net of effects from acquisitions    
Accounts receivable 356 (3,918)
Inventories (10,663) (3,838)
Prepaid expenses and other current assets 10,112 3,436
Accounts payable 820 (4,519)
Accrued liabilities 6,605 (1,443)
Net cash provided by (used in) operating activities 100,282 90,590
Investing Activities    
Purchases of property and equipment (1,404) (1,683)
Proceeds from sales of intangible assets 52,353 0
Proceeds from the sale of property and equipment 75 344
Net cash provided by (used in) investing activities 51,024 (1,339)
Financing Activities    
Term loan repayments (130,500) (50,000)
Borrowings under revolving credit agreement 20,000 15,000
Repayments under revolving credit agreement (40,000) (55,000)
Payments of debt origination costs (9) (4,211)
Proceeds from exercise of stock options 3,423 6,398
Proceeds from restricted stock exercises 0 544
Excess tax benefits from share-based awards 800 1,850
Fair value of shares surrendered as payment of tax withholding (1,395) (2,187)
Net cash used in financing activities (147,681) (87,606)
Effects of exchange rate changes on cash and cash equivalents (397) (811)
Increase in cash and cash equivalents 3,228 834
Cash and cash equivalents - beginning of period 27,230 21,318
Cash and cash equivalents - end of period 30,458 22,152
Interest paid 37,259 40,550
Income taxes paid $ 6,743 $ 3,707