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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net income $ 323,080 $ 536,308
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 56,698 65,387
Amortization of intangible assets 18,173 24,223
Impairment of intangible assets 0 7,000
Loss on investments 13,065 1,421
Share-based compensation expense 51,740 72,465
Deferred income taxes 24,228 27,369
Change in fair value of contingent consideration for business acquisition 0 (3,509)
Other 1,411 1,068
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable, net (123,547) (236,358)
Inventories 126,309 (177,828)
Other assets 20,918 (20,569)
Accounts payable (134,848) (80,637)
Accrued and other liabilities (60,060) (17,612)
Net cash provided by operating activities 317,167 198,728
Cash flows from investing activities:    
Purchases of property, plant and equipment (69,122) (63,726)
Investment in privately held companies (2,626) (1,260)
Acquisitions, net of cash acquired (8,527) (15,886)
Purchases of short-term investments 0 (10,000)
Proceeds from the sale of short-term investments 0 1,225
Purchases of deferred compensation investments (5,186) (3,644)
Proceeds from sales of deferred compensation investments 4,750 4,285
Net cash used in investing activities (80,711) (89,006)
Cash flows from financing activities:    
Payment of cash dividends (158,680) (159,410)
Payment of contingent consideration for business acquisition (5,954) (880)
Purchases of registered shares (327,731) (290,625)
Proceeds from exercises of stock options and purchase rights 16,064 16,644
Tax withholdings related to net share settlements of restricted stock units (28,734) (58,528)
Net cash used in financing activities (505,035) (492,799)
Effect of exchange rate changes on cash and cash equivalents (24,006) (2,839)
Net decrease in cash and cash equivalents (292,585) (385,916)
Cash and cash equivalents, beginning of the period 1,328,716 1,750,327
Cash and cash equivalents, end of the period 1,036,131 1,364,411
Non-cash investing and financing activities:    
Property, plant and equipment purchased during the period and included in period end liability accounts 9,250 13,707
Non-cash contingent consideration for acquisition 2,151 9,013
Right-of-use assets obtained in exchange for operating lease liabilities 42,814 0
Supplemental cash flow information:    
Income taxes paid, net $ 65,154 $ 175,775