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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:      
Net loss $ (104,497) $ (4,751) $ (5,120)
Adjustments to reconcile net loss to net cash provided by operating activites:      
Depreciation 8,171 6,084 4,994
Amortization of intangibles 5,033 3,762 3,557
Impairment of goodwill and long-lived assets 9,469 15 640
Amortization of capitalized software 2,513 591 456
Stock-based compensation 29,176 21,462 16,334
Tax benefit from stock-based compensation expense 0 (486) (224)
Deferred income tax expense (benefit) 66,273 (411) (1,493)
Gain on escrow settlement (1,393) 0 0
Other 677 1,196 1,273
Changes in assets and liabilities:      
Accounts receivable (2,402) (4,799) (4,539)
Other current and non-current assets (3,149) (2,515) (1,520)
Accounts payable and accruals 11,860 8,135 9,482
Deferred revenue 310 195 (273)
Net cash provided by operating activities 22,041 28,478 23,567
Cash flows from investing activities:      
Purchases of property and equipment (9,178) (8,851) (4,894)
Cost of capitalized software (12,486) (5,516) (2,095)
Gain on escrow settlement 1,393 0 0
Purchase of investments (115,224) (140,026) (126,723)
Sales of investments 27,841 41,288 56,302
Proceeds from maturities of investments 100,382 93,795 64,361
Acquisition of businesses, net of cash acquired 0 (2,884) (23,246)
Net cash used in investing activities (7,272) (22,194) (36,295)
Cash flows from financing activities:      
Capital lease payments (1,079) (674) (446)
Payment of contingent consideration (150) (300) (200)
Repurchase of common stock, including for withholding taxes (22,440) (3,003) (11,653)
Tax benefit from stock-based compensation expense 0 486 224
Proceeds from issuance of common stock under employee stock plans 7,229 5,087 4,827
Net cash (used in) provided by financing activities (16,440) 1,596 (7,248)
Effect of exchange rate changes on cash 444 (426) 442
Net (decrease) increase in cash and cash equivalents (1,227) 7,454 (19,534)
Cash and cash equivalents,beginning of year 41,030 33,576 53,110
Cash and cash equivalents, end of year 39,803 41,030 33,576
Supplemental and non-cash disclosures:      
Acquisition of property and equipment, net in connection with acquisitions of businesses 0 0 1,453
Acquisition of capital lease in connection with acquisitions of businesses 0 0 1,332
Equipment acquired under capital leases 765 1,152 573
Interest paid 36 16 44
Income taxes paid $ 38 $ 460 $ 445