XML 18 R6.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net earnings (loss) $ 17,254 $ (87,338)
Earnings from discontinued operations, net of tax (985) (836)
Non-cash operating activities:    
Depreciation and amortization 7,685 16,561
Loss on disposal or impairment of assets 3,528 4,121
Gain on sale of strategic investments 0 (194)
Lease-related impairment and restructuring charges 0 18,165
Provision for doubtful accounts 307 1,728
Impairment of goodwill 2,875 0
Deferred income taxes 40 204
Non-cash stock compensation expense 46,524 81,142
Changes in operating assets and liabilities:    
Accounts receivable, net (41,036) (27,171)
Deferred commissions (7,142) (2,123)
Other assets 912 1,588
Accounts payable and other liabilities 8,754 (9,309)
Income taxes 29,560 6,967
Deferred revenue 9,737 271
Net cash provided by operating activities 78,013 3,776
Cash flows from investing activities:    
Capital expenditures (2,464) (4,593)
Purchases of investments (24,385) (3,000)
Proceeds from sales of investments 25,750 3,000
Purchases of strategic investments (1,000) (500)
Proceeds from sale of strategic investment 0 400
Net cash used in investing activities (2,099) (4,693)
Cash flows from financing activities:    
Proceeds related to the issuance of common stock under stock and employee benefit plans 7,221 6,255
Shares repurchased for tax withholdings upon vesting of stock-based awards (5,116) (2,054)
Acquisition of treasury stock (45,325) (149,997)
Net cash used in financing activities (43,220) (145,796)
Net cash provided by (used in) continuing operations 32,694 (146,713)
Cash flows from discontinued operations:    
From operating activities 985 836
Net cash provided by discontinued operations 985 836
Effect of exchange rate changes on cash 819 (769)
Net change in cash and cash equivalents 34,498 (146,646)
Cash and cash equivalents at beginning of period 464,448 600,162
Cash and cash equivalents at end of period 498,946 453,516
Supplemental cash flow information:    
Cash paid (received) for income taxes, net - continuing operations (2,440) 4,725
Cash (received) for income taxes - discontinued operations (1,507) (1,307)
Cash paid for operating lease liabilities 7,699 5,733
Operating lease assets obtained in exchange for operating lease liabilities 11,677 69
Operating lease assets, and related lease liabilities, relinquished in lease terminations (4,486) (6,781)
Purchases of property, plant and equipment remaining unpaid at period end $ 1,218 $ 77