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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Operating activities        
Net Income (Loss) $ 3,830 $ 77,141 $ 19,300 $ 83,234
Adjustments to reconcile net income to net cash provided by operating activities:        
Loss (gain) on asset disposals     24 (1,145)
Depreciation of fixed assets 985 909 2,738 3,042
Amortization of internal-use software and intangibles 1,622 343 2,777 1,120
Deferred income taxes     (980) (66,506)
Share-based compensation 4,218 3,638 12,656 9,489
Changes in operating assets and liabilities     (8,539) (10,855)
Net cash provided by operating activities     27,976 18,379
Investing activities        
Cash paid for business combination, net of cash acquired     (144,945) 0
Capital expenditures     (2,082) (7,658)
Additional investments in corporate-owned life insurance policies     (27) (2)
Net cash used in investing activities     (147,054) (7,660)
Financing activities        
Payment of preferred stock dividends     0 (1,663)
Debt proceeds, net of issuance costs     49,646 0
Debt repayments     (12,000) 0
Proceeds from Employee Stock Purchase Plan purchases     453 0
Repurchase of common shares to satisfy employee tax withholding     (2,848) (5,734)
Principal payments under long-term obligations     0 (2)
Net cash provided by (used in) financing activities     35,251 (7,399)
Effect of exchange rate changes on cash     (303) 38
Net (decrease) increase in cash and cash equivalents     (84,130) 3,358
Cash and cash equivalents at beginning of period     144,891 112,842
Cash and cash equivalents at end of period $ 60,761 $ 116,200 $ 60,761 $ 116,200