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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net income $ 55,272 $ 57,755
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 8,384 7,594
Loss on disposal of property and equipment 13 26
Deferred income taxes 1,213 5,876
Amortization of debt origination costs 828 759
Stock-based compensation costs 3,857 1,878
Non-cash operating lease cost 1,493 1,691
Other 446 0
Changes in operating assets and liabilities, net of effects from acquisition:    
Accounts receivable (7,079) (15,879)
Inventories (14,415) 9,384
Prepaid expenses and other current assets (3,227) (1,049)
Accounts payable 2,542 (15,551)
Accrued liabilities 10,524 18,439
Operating lease liabilities (1,602) (1,578)
Other (2) (40)
Net cash provided by operating activities 58,247 69,305
Investing Activities    
Purchases of property, plant and equipment (1,047) (1,500)
Other 0 177
Net cash used in investing activities (1,047) (1,323)
Financing Activities    
Term loan repayments (15,000) (20,000)
Borrowings under revolving credit agreement 20,000 85,000
Repayments under revolving credit agreement (10,000) 0
Payments of finance leases (686) (638)
Proceeds from exercise of stock options 1,489 2,204
Fair value of shares surrendered as payment of tax withholding (5,450) (2,916)
Repurchase of common stock (37,727) 0
Net cash (used in) provided by financing activities (47,374) 63,650
Effects of exchange rate changes on cash and cash equivalents (1,142) (310)
Increase in cash and cash equivalents 8,684 131,322
Cash and cash equivalents - beginning of period 27,185 32,302
Cash and cash equivalents - end of period 35,869 163,624
Supplemental Cash Flow Information [Abstract]    
Interest paid 3,562 3,389
Income taxes paid $ 1,799 $ 2,388