XML 34 R9.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:      
Net income (loss) $ (366,922) $ (147,734) $ 59,648
Adjustments to reconcile net income (loss) to cash provided by operating activities, net of the effects of acquisitions:      
Depreciation and amortization 63,786 74,986 85,918
Loss on extinguishment of debt 1,134 0 0
Operating lease right-of-use assets 10,405 10,533 10,598
Gain on divestiture of a business 0 (3,806) 0
Loss on disposal of fixed assets 15 303 49
Share-based compensation expense associated with equity awards 64,785 70,799 61,986
Change in fair value of derivative instrument 0 (206) 1,380
Goodwill impairment 426,967 217,260 0
Deferred income taxes (37,567) (45,949) (54,032)
Other gains (402) (5,451) (1)
Changes in assets and liabilities      
Accounts receivable and unbilled costs 28,664 (48,376) 4,897
Inventories 128 609 9,007
Prepaid expenses and other assets (2,284) (5,835) 5,039
Accounts payable 3,240 (1,861) (5,549)
Accrued compensation and other expenses 20,529 (33,704) 12,071
Operating lease liabilities (12,214) (11,952) (11,927)
Income taxes payable 83 (3,620) 165
Deferred revenue 17,323 (7,185) (22,599)
Net cash provided by operating activities 217,670 58,811 156,650
Cash flows from investing activities:      
Purchase of marketable securities and investments (45,061) (52,774) (114,513)
Proceeds from maturity of marketable securities 44,762 64,728 140,462
Purchase of fixed assets (5,407) (6,362) (10,484)
Purchase of intangible assets (1,290) 0 (161)
Proceeds from divestiture of a business 0 7,766 0
Net cash (used in) provided by investing activities (6,996) 13,358 15,304
Cash flows from financing activities:      
Issuance of common stock under stock plans 3 3 2
Treasury stock repurchases, including accelerated share repurchases (25,257) (50,000) (150,039)
Tax withholding on restricted stock units (13,962) (19,355) (19,393)
Payment of debt issuance costs (2,795) 0 0
Repayment of long-term debt (175,000) 0 (250,000)
Proceeds from issuance of long-term debt 75,000 0 0
Net cash used in financing activities (142,011) (69,352) (419,430)
Effect of exchange rate changes on cash and cash equivalents (922) 63 (1,891)
Net increase (decrease) in cash and cash equivalents 67,741 2,880 (249,367)
Cash and cash equivalents, beginning of year 389,674 386,794 636,161
Cash and cash equivalents, end of year 457,415 389,674 386,794
Supplemental disclosures of cash flow information:      
Cash paid for interest 4,190 6,427 8,063
Cash paid for income taxes 41,796 62,318 55,924
Non-cash transactions:      
Transfers of inventory to fixed assets 1,020 1,814 1,371
Additions to property, plant and equipment included in accounts payable 461 158 56
Issuance of common stock under employee stock purchase plans $ 11,409 $ 13,695 $ 14,353