XML 45 R2.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2018
Income Statement [Abstract]      
Net sales $ 2,975,851 $ 2,788,322 $ 2,566,863
Cost of goods sold 1,838,685 1,737,969 1,648,744
Amortization of intangible assets and purchase accounting effect on inventory 14,785 13,342 8,878
Gross profit 1,122,381 1,037,011 909,241
Operating expenses:      
Marketing and selling 533,324 488,263 435,489
Research and development 177,593 161,230 143,760
General and administrative 94,015 98,732 96,353
Amortization of intangible assets and acquisition-related costs 17,563 14,290 8,930
Change in fair value of contingent consideration for business acquisition 23,247 0 (4,908)
Restructuring charges (credits), net 144 11,302 (116)
Total operating expenses 845,886 773,817 679,508
Operating income 276,495 263,194 229,733
Interest income 9,619 8,375 4,969
Other income (expense), net 38,212 (436) (2,437)
Income before income taxes 324,326 271,133 232,265
Provision for (benefit from) income taxes (125,397) 13,560 23,723
Net income $ 449,723 $ 257,573 $ 208,542
Net income per share:      
Basic (in dollars per share) $ 2.70 $ 1.56 $ 1.27
Diluted (in dollars per share) $ 2.66 $ 1.52 $ 1.23
Weighted average shares used to compute net income per share:      
Basic (in shares) 166,837 165,609 164,038
Diluted (in shares) 169,381 168,965 168,971