XML 18 R6.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net earnings (loss) $ 17,365 $ (21,728)
Non-cash operating activities:    
Depreciation and amortization 6,585 8,054
Loss on disposal or impairment of assets 113 2
Gain on distribution from retained profits interest (30,052) 0
Provision for doubtful accounts 955 1,330
Deferred income taxes (912) (672)
Non-cash stock compensation expense 18,496 16,485
Changes in operating assets and liabilities:    
Accounts receivable, net (7,049) (5,860)
Deferred commissions (3,383) (1,681)
Other assets 19,336 4,904
Accounts payable and other liabilities (37,276) (22,684)
Income taxes, net (1,000) (1,105)
Deferred revenue (419) (657)
Net cash used in operating activities (17,241) (23,612)
Cash flows from investing activities:    
Capital expenditures (427) (832)
Cash paid in acquisitions, net of cash received (8,368) 0
Distribution from retained profits interest 31,000 0
Purchases of strategic investments 0 (667)
Net cash provided by (used in) investing activities 22,205 (1,499)
Cash flows from financing activities:    
Proceeds related to the issuance of common stock under stock and employee benefit plans 3,281 1,137
Shares repurchased for tax withholdings upon vesting of stock-based awards (11,361) (1,827)
Acquisition of treasury stock (29,077) (42,312)
Net cash used in financing activities (37,157) (43,002)
Effect of exchange rate changes on cash 261 197
Net change in cash, cash equivalents and restricted cash (31,932) (67,916)
Cash, cash equivalents and restricted cash at beginning of period 581,687 732,626
Cash, cash equivalents and restricted cash at end of period 549,755 664,710
Supplemental cash flow information:    
Cash (received) for income taxes, net $ (2,451) $ (2,041)