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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:    
Net income $ 129,280 $ 4,828
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 4,184 3,984
Stock-based compensation expense 12,114 4,933
Provision for excess and obsolete inventory 2,162 1,186
Amortization of operating lease right-of-use assets 825 753
Deferred income taxes (113,769) (5,171)
Earnings from equity method investments (449) (152)
Change in fair value 0 6,682
Other non-cash items 97 (177)
Changes in operating asset and liability accounts:    
Accounts receivable (12,462) (1,650)
Inventory (8,824) (10,836)
Prepaid expenses and other assets 1,581 (1,658)
Operating leases (381) (1,531)
Accounts payable and accrued expenses 5,972 118
Deferred revenue (6,469) 20,686
Net cash provided by operating activities 13,861 21,995
Cash flows from investing activities:    
Purchases of property, plant and equipment (3,099) (1,376)
Cash paid for acquisition, net of cash acquired (72,096) (29,577)
Change in other assets (75) 167
Net cash used in investing activities (75,270) (34,064)
Cash flows from financing activities:    
Repurchase of treasury stock 0 (126)
Repayment of debt (883) (25)
Employee taxes paid related to net settlement of equity awards 0 (148)
Proceeds from exercise of employee stock options and ESPP 242 157
Proceeds from public equity offering, net of offering expenses 124,501 0
Net cash provided by (used in) financing activities 123,859 (142)
Net increase (decrease) in cash, cash equivalents and restricted cash 61,730 (12,240)
Cash, cash equivalents and restricted cash at beginning of period 85,381 92,280
Cash, cash equivalents and restricted cash at end of period 147,111 80,040
Effect of exchange rate changes on cash (720) (29)
Supplemental schedule of cash flow information:    
Cash paid for income taxes, net of refunds 407 263
Non-cash investing and financing activities    
Right-of-use assets obtained in exchange for new lease obligations 647 2,247
Postemployment Retirement Benefits [Member]    
Non-cash investing and financing activities    
Issuance of common stock 993 526
Megatran Acquisition [Member]    
Non-cash investing and financing activities    
Issuance of common stock 0 6,504
Megatran Acquisition [Member]    
Cash flows from investing activities:    
Cash paid to settle Megatran contingent consideration liability 0 (3,278)
Non-cash investing and financing activities    
Issuance of common stock 0 31,350
Comtrafo Acquisition [Member]    
Non-cash investing and financing activities    
Issuance of common stock $ 78,407 $ 0