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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 118,278 $ 102,642
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 21,386 21,895
Amortization of intangible assets 13,735 10,341
Loss (gain) on investments 63 (382)
Share-based compensation expense 26,470 25,308
Deferred income taxes (8,978) (9,815)
Other (2) 75
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable, net (85,955) (133,475)
Inventories (47,773) (84,401)
Other assets (14,083) (11,056)
Accounts payable 129,101 138,186
Accrued and other liabilities (9,223) 37,902
Net cash provided by operating activities 143,019 97,220
Cash flows from investing activities:    
Purchases of property, plant and equipment (18,092) (18,368)
Investment in privately held companies (170) (506)
Acquisitions, net of cash acquired (366) (133,908)
Purchases of short-term investments 0 (1,505)
Purchases of trading investments (2,525) (3,722)
Proceeds from sales of trading investments 2,571 4,194
Net cash used in investing activities (18,582) (153,815)
Cash flows from financing activities:    
Payment of cash dividends (124,180) (113,971)
Purchases of registered shares (15,127) (19,901)
Proceeds from exercises of stock options and purchase rights 9,331 10,007
Tax withholdings related to net share settlements of restricted stock units (20,908) (27,380)
Net cash used in financing activities (150,884) (151,245)
Effect of exchange rate changes on cash and cash equivalents (3,605) (9,157)
Net decrease in cash and cash equivalents (30,052) (216,997)
Cash and cash equivalents, beginning of the period 604,516 641,947
Cash and cash equivalents, end of the period 574,464 424,950
Non-cash investing activities:    
Property, plant and equipment purchased during the period and included in period end liability accounts $ 4,412 $ 4,267