XML 27 R8.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:      
Net (loss) income $ (1,974) $ (254,246) $ 930
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation of property, plant and equipment 5,382 4,233 4,313
Amortization of acquisition-related intangibles 19,145 27,341 28,821
Stock-based compensation expense 13,142 11,936 12,538
Amortization of step-up in inventory basis 1,232 1,229 0
Gain on extinguishment of convertible senior notes (2,887) 0 0
Non-cash interest expense and debt issuance cost amortization 990 926 907
Deferred taxes (72) (28,421) (3,494)
Impairment loss on goodwill and finite-lived intangible assets 0 274,533 0
Other 4,946 629 1,080
Cash from changes in operating assets and liabilities:      
Accounts receivable, net (2,925) 4,940 (2,121)
Inventories 1,153 2,563 (10,182)
Prepaid expenses and other assets, pending taxes 498 211 (510)
Accounts payable (388) (97) (1,545)
Accrued liabilities and taxes payable, pending taxes 9,504 (1,236) (3,360)
Unearned revenues (938) (408) 606
Net cash provided by operating activities 46,808 44,133 27,983
Cash flows from investing activities:      
Acquisition of customer lists (250) 0 0
Acquisition of businesses, net of cash acquired and holdback liabilities 0 (78,739) (4,950)
Purchases of property, plant and equipment (4,249) (2,567) (4,544)
Net cash (used in) investing activities (4,499) (81,306) (9,494)
Cash flows from financing activities:      
Proceeds from Credit Facility borrowings 73,465 71,000 0
Repayment of debt (44,251) (33,500) (36,000)
Repurchase of convertible senior notes (71,560) 0 0
Dividends paid (3,468) (3,447) (3,406)
Proceeds from the exercise of stock options 2,644 358 6,997
Payment of tax withholding obligation on vesting of restricted stock (887) (728) (919)
Other financing, net (452) (847) 0
Net cash (used in) provided by financing activities (44,509) 32,836 (33,328)
Effect of exchange rate changes on cash and cash equivalents 1,307 (359) (1,597)
Net (decrease) in cash and cash equivalents (893) (4,696) (16,436)
Cash and cash equivalents at beginning of period 28,214 32,910 49,346
Cash and cash equivalents at end of period 27,321 28,214 32,910
Cash paid for:      
Income taxes 5,731 4,591 1,356
Interest 11,077 4,648 3,485
Supplemental non-cash activity:      
New acquisition-related consideration held back against potential indemnification losses 0 8,448 0
Contingent consideration from new acquisitions $ 0 $ 0 $ 1,190