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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 earnings (loss) $ (814) $ 11,881 $ (118,702)
Earnings from discontinued operations, net of tax (1,688) (1,790) (5,404)
Non-cash operating activities:      
Depreciation and amortization 17,207 11,508 20,787
Loss on disposal or impairment of assets 85 1,219 4,137
Lease-related impairment and restructuring charges 14 1,769 27,545
Gain on sale of strategic investments (515) 0 (194)
Loss on marketable equity securities 206 0 0
Provision for doubtful accounts 695 2,254 1,776
Impairment of goodwill 0 2,875 0
Deferred income taxes (447) (458) 115
Non-cash stock compensation expense 107,979 71,304 125,800
Changes in operating assets and liabilities:      
Accounts receivable, net 3,547 (32,336) (12,123)
Deferred commissions 3,691 (11,113) (6,436)
Other assets 2,105 9,426 7,705
Accounts payable and other liabilities 3,573 8,508 (15,369)
Income taxes 3,430 22,275 596
Deferred revenue 14,897 8,334 4,208
Net cash provided by operating activities 153,965 105,656 34,441
Cash flows from investing activities:      
Capital expenditures (1,042) (4,255) (4,696)
Cash paid in acquisitions, net of cash received (1,951) (170,281) 0
Purchases of investments (1,967) (48,894) (28,197)
Proceeds from sales of investments 26,989 50,750 3,000
Purchases of strategic investments (1,400) (1,000) (500)
Proceeds from sale of strategic investment 763 0 1,394
Net cash provided by (used in) investing activities 21,392 (173,680) (28,999)
Cash flows from financing activities:      
Proceeds related to the issuance of common stock under stock and employee benefit plans 8,833 7,222 6,259
Shares repurchased for tax withholdings upon vesting of stock-based awards (10,331) (5,835) (2,272)
Acquisition of treasury stock (101,198) (60,502) (149,997)
Net cash used in financing activities (102,696) (59,115) (146,010)
Net cash provided by (used in) continuing operations 72,661 (127,139) (140,568)
Cash flows from discontinued operations:      
From operating activities 1,688 1,790 5,404
Net cash provided by discontinued operations 1,688 1,790 5,404
Effect of exchange rate changes on cash 106 372 (550)
Net change in cash, cash equivalents and restricted cash 74,455 (124,977) (135,714)
Cash, cash equivalents and restricted cash at beginning of period 339,471 464,448 600,162
Cash, cash equivalents and restricted cash at end of period 413,926 339,471 464,448
Supplemental cash flow information:      
Cash paid for income taxes, net from continuing operations 22,548 2,465 5,801
Cash received for income taxes, net from discontinued operations (2,486) (2,765) (8,332)
Cash received for tenant improvement allowances (2,628) 0 0
Cash paid for operating lease liabilities 9,798 10,293 8,243
Operating lease assets obtained in exchange for operating lease liabilities 2,327 11,825 69
Operating lease assets, and related lease liabilities, relinquished in lease terminations (595) (4,486) (6,781)
Purchases of property, plant and equipment remaining unpaid at period end 20 104 47
Marketable equity securities obtained in disposition of strategic investment 652 0 0
Excise tax payable on net stock repurchases $ 128 $ 0 $ 0