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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating Activities    
Net income $ 103,445 $ 106,835
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 16,053 15,186
Loss on disposal of property and equipment 83 191
Deferred and other income taxes 4,364 9,721
Amortization of debt origination costs 882 2,302
Stock-based compensation costs 5,559 7,834
Non-cash operating lease cost 3,430 2,816
Changes in operating assets and liabilities:    
Accounts receivable 15,191 4,415
Inventories (16,471) 223
Prepaid expenses and other current assets 3,787 (3,814)
Accounts payable (7,596) (18,820)
Accrued liabilities 584 (11,764)
Operating lease liabilities (3,771) (3,493)
Other (964) (1,085)
Net cash provided by operating activities 124,576 110,547
Investing Activities    
Purchases of property, plant and equipment (3,179) (4,411)
Other (978) 3,800
Net cash used in investing activities (4,157) (611)
Financing Activities    
Term loan repayments (75,000) (85,000)
Payments of finance leases (1,688) (1,403)
Proceeds from exercise of stock options 3,592 9,183
Fair value of shares surrendered as payment of tax withholding (5,832) (5,508)
Repurchase of common stock (37,794) (25,000)
Net cash used in financing activities (116,722) (107,728)
Effects of exchange rate changes on cash and cash equivalents 1,374 (630)
Increase in cash and cash equivalents 5,071 1,578
Cash and cash equivalents - beginning of period 46,469 58,489
Cash and cash equivalents - end of period 51,540 60,067
Interest paid 25,551 33,706
Income taxes paid $ 18,691 $ 25,118