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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2024
Jun. 30, 2023
OPERATING ACTIVITIES    
Net income $ 115,625 $ 63,552
Reconciliation of net income to net cash provided by (used in) operating activities:    
Depreciation, amortization, and accretion 17,061 12,353
Amortization on cloud computing arrangements 465 558
Bad debt benefit (3,291) (2,974)
Deferred tax expense 170 478
Stock-based compensation 8,346 6,989
Loss on disposal of long-lived assets 79 0
Changes in operating assets and liabilities:    
Trade accounts receivable, net (3,272) 33,282
Inventories (278,972) (207,701)
Prepaid expenses and other current assets 39,816 (8,472)
Income tax receivable 14,079 (13,529)
Net operating lease assets and lease liabilities (486) 7,657
Other assets (4,073) (1,933)
Trade accounts payable 266,679 254,063
Other accrued expenses (71,398) (33,247)
Income tax payable 4,340 10,691
Other long-term liabilities 7,482 3,495
Net cash provided by operating activities 112,650 125,262
INVESTING ACTIVITIES    
Purchases of property and equipment (22,521) (30,732)
Net cash used in investing activities (22,521) (30,732)
FINANCING ACTIVITIES    
Proceeds from exercise of stock options 601 548
Repurchases of common stock (151,967) (25,469)
Cash paid for shares withheld for taxes (495) (698)
Net cash used in financing activities (151,861) (25,619)
Effect of foreign currency exchange rates on cash and cash equivalents (1,922) (3,817)
Net change in cash and cash equivalents (63,654) 65,094
Cash and cash equivalents at beginning of period 1,502,051 981,795
Cash and cash equivalents at end of period 1,438,397 1,046,889
Cash paid during the period    
Income taxes 14,998 19,716
Interest 414 473
Operating leases 16,339 14,974
Non-cash investing activities    
Changes in trade accounts payable and other accrued expenses for purchases of property and equipment (2,582) (5,024)
Accrued for asset retirement obligation assets related to leasehold improvements 975 242
Leasehold improvements acquired through tenant allowances 0 8,127
Non-cash financing activities    
Accrued excise taxes related to repurchases of common stock $ 1,181 $ 123