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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating Activities    
Net income $ 26,173 $ 16,732
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,720 2,961
Gain on sale of asset (36) 0
Deferred income taxes 11,536 7,140
Amortization of debt origination costs 2,138 995
Stock-based compensation costs 3,047 1,858
Loss on extinguishment of debt 451 0
Changes in operating assets and liabilities, net of effects from acquisitions    
Accounts receivable 2,578 6,956
Inventories (211) 1,540
Prepaid expenses and other current assets (1,522) (2,203)
Accounts payable 783 (3,096)
Accrued liabilities (7,136) (3,212)
Net cash provided by (used in) operating activities 43,521 29,671
Investing Activities    
Purchases of property and equipment (780) (496)
Proceeds from the sale of property and equipment 344 0
Acquisition of the Hydralyte brand 0 (77,991)
Net cash used in investing activities (436) (78,487)
Financing Activities    
Term loan repayments (25,000) 0
Borrowings under revolving credit agreement 15,000 65,000
Repayments under revolving credit agreement (35,000) (30,000)
Payments of debt origination costs (4,172) (74)
Proceeds from exercise of stock options 6,328 1,294
Proceeds from restricted stock exercises 544 57
Excess tax benefits from share-based awards 1,600 950
Fair value of shares surrendered as payment of tax withholding (2,187) (1,171)
Net cash (used in) provided by financing activities (42,887) 36,056
Effects of exchange rate changes on cash and cash equivalents 82 104
Increase (decrease) in cash and cash equivalents 280 (12,656)
Cash and cash equivalents - beginning of period 21,318 28,331
Cash and cash equivalents - end of period 21,598 15,675
Interest paid 22,444 13,867
Income taxes paid $ 1,914 $ 707