XML 18 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income $ 102,642 $ 93,365
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 21,895 19,368
Amortization of intangible assets 10,341 6,238
Gain on investments in privately held companies (382) (436)
Share-based compensation expense 25,308 21,683
Deferred income taxes (9,815) (11,933)
Change in fair value of contingent consideration for business acquisition 0 (4,908)
Other 75 12
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable, net (133,475) (91,718)
Inventories (84,401) (58,078)
Other assets (11,056) (8,490)
Accounts payable 138,186 110,136
Accrued and other liabilities 37,902 (7,739)
Net cash provided by operating activities 97,220 67,500
Cash flows from investing activities:    
Purchases of property, plant and equipment (18,368) (17,188)
Investment in privately held companies (506) (520)
Acquisitions, net of cash acquired (133,908) (85,000)
Proceeds from return of investment in privately held companies 0 237
Purchases of short-term investments (1,505) (6,789)
Purchases of trading investments (3,722) (999)
Proceeds from sales of trading investments 4,194 1,057
Net cash used in investing activities (153,815) (109,202)
Cash flows from financing activities:    
Payment of cash dividends (113,971) (104,248)
Purchases of registered shares (19,901) (10,682)
Proceeds from exercises of stock options 10,007 30,000
Tax withholdings related to net share settlements of restricted stock units (27,380) (23,706)
Net cash used in financing activities (151,245) (108,636)
Effect of exchange rate changes on cash and cash equivalents (9,157) 1,653
Net decrease in cash and cash equivalents (216,997) (148,685)
Cash and cash equivalents, beginning of the period 641,947 547,533
Cash and cash equivalents, end of the period 424,950 398,848
Non-cash investing activities:    
Property, plant and equipment purchased during the period and included in period end liability accounts $ 4,267 $ 6,219