XML 60 R2.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]        
Net sales $ 902,687 $ 864,388 $ 2,266,603 $ 2,164,014
Cost of goods sold 564,283 535,707 1,410,605 1,349,941
Amortization of intangible assets and purchase accounting effect on inventory 3,951 4,699 10,493 10,037
Gross profit 334,453 323,982 845,505 804,036
Operating expenses:        
Marketing and selling 134,950 132,250 392,138 368,635
Research and development 43,292 40,591 127,499 119,120
General and administrative 22,344 24,496 68,551 75,175
Amortization of intangible assets and acquisition-related costs 5,084 3,539 12,898 10,377
Restructuring charges (credits), net (45) (278) 69 9,762
Total operating expenses 205,625 200,598 601,155 583,069
Operating income 128,828 123,384 244,350 220,967
Interest income 2,063 1,482 7,006 5,709
Other income (expense), net 1,101 (2,747) 2,852 (929)
Income before income taxes 131,992 122,119 254,208 225,747
Provision for income taxes 14,467 9,309 18,405 10,295
Net income $ 117,525 $ 112,810 $ 235,803 $ 215,452
Net income per share:        
Basic (in dollars per share) $ 0.70 $ 0.68 $ 1.41 $ 1.30
Diluted (in dollars per share) $ 0.69 $ 0.67 $ 1.39 $ 1.28
Weighted average shares used to compute net income per share:        
Basic (in shares) 167,063 165,707 166,678 165,552
Diluted (in shares) 169,685 168,907 169,173 168,966