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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Operating Activities    
Net income $ 164,477 $ 159,881
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 22,921 22,832
Loss on disposal of property and equipment 83 231
Deferred and other income taxes 7,278 14,892
Amortization of debt origination costs 1,316 3,726
Stock-based compensation costs 8,424 10,283
Non-cash operating lease cost 5,322 4,494
Changes in operating assets and liabilities:    
Accounts receivable 8,874 (7,017)
Inventories (13,385) 13,790
Prepaid expenses and other current assets 5,558 (2,605)
Accounts payable (18,851) (23,964)
Accrued liabilities 4,359 (7,732)
Operating lease liabilities (5,721) (5,259)
Other (988) (1,533)
Net cash provided by operating activities 189,667 182,019
Investing Activities    
Purchases of property, plant and equipment (4,745) (6,407)
Acquisition and other (9,228) 1,300
Net cash used in investing activities (13,973) (5,107)
Financing Activities    
Term loan repayments (135,000) (150,000)
Payments of debt costs 0 (769)
Payments of finance leases (1,899) (2,112)
Proceeds from exercise of stock options 12,340 10,818
Fair value of shares surrendered as payment of tax withholding (5,832) (5,508)
Repurchase of common stock (40,196) (25,000)
Net cash used in financing activities (170,587) (172,571)
Effects of exchange rate changes on cash and cash equivalents (702) 785
Increase in cash and cash equivalents 4,405 5,126
Cash and cash equivalents - beginning of period 46,469 58,489
Cash and cash equivalents - end of period 50,874 63,615
Interest paid 37,427 49,666
Income taxes paid $ 33,512 $ 38,606