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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating Activities    
Net income $ 159,881 $ 158,246
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 22,832 24,762
Loss on disposal of property and equipment 231 171
Deferred income taxes 14,892 14,021
Amortization of debt origination costs 3,726 2,613
Stock-based compensation costs 10,283 9,756
Non-cash operating lease cost 4,494 4,697
Other 0 447
Changes in operating assets and liabilities:    
Accounts receivable (7,017) (17,078)
Inventories 13,790 (38,587)
Prepaid expenses and other current assets (2,605) (596)
Accounts payable (23,964) 8,892
Accrued liabilities (7,732) 8,345
Operating lease liabilities (5,259) (4,941)
Other (1,533) (19)
Net cash provided by operating activities 182,019 170,729
Investing Activities    
Purchases of property, plant and equipment (6,407) (5,226)
Other 1,300 0
Net cash used in investing activities (5,107) (5,226)
Financing Activities    
Term loan repayments (150,000) (55,000)
Borrowings under revolving credit agreement 0 20,000
Repayments under revolving credit agreement 0 (20,000)
Payments of debt costs (769) 0
Payments of finance leases (2,112) (2,058)
Proceeds from exercise of stock options 10,818 7,173
Fair value of shares surrendered as payment of tax withholding (5,508) (5,466)
Repurchase of common stock (25,000) (50,000)
Net cash used in financing activities (172,571) (105,351)
Effects of exchange rate changes on cash and cash equivalents 785 (979)
Increase in cash and cash equivalents 5,126 59,173
Cash and cash equivalents - beginning of period 58,489 27,185
Cash and cash equivalents - end of period 63,615 86,358
Supplemental Cash Flow Information    
Interest paid 49,666 36,716
Income taxes paid $ 38,606 $ 27,632