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Condensed consolidated statements of cash flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 33,311 $ 47,555
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 13,192 9,058
Non-cash lease expense 2,843 2,076
Stock-based compensation expense 9,868 12,964
Amortization of debt issuance costs and discount on debt 134 138
Deferred income taxes 14,216 5,108
Other, net 911 (127)
Changes in operating assets and liabilities:    
Accounts receivable (46,170) (31,815)
Inventory 18,684 (8,074)
Prepaid expenses and other assets (16,332) (30,500)
Accounts payable and accrued expenses (1,542) (3,107)
Other liabilities (1,882) (1,995)
Net cash provided by operating activities 27,233 1,281
Cash flows from investing activities:    
Purchase of property and equipment (7,095) (786)
Other, net (464) (93)
Net cash used in investing activities (7,559) (879)
Cash flows from financing activities:    
Cash received from issuance of common stock 121 464
Other, net 0 (56)
Net cash provided by financing activities 121 408
Effect of exchange rate changes on cash and cash equivalents 1,542 41
Net increase in cash and cash equivalents 21,337 851
Cash and cash equivalents - beginning of period 148,692 108,183
Cash and cash equivalents - end of period $ 170,029 $ 109,034