XML 57 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Jun. 30, 2014
Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 28,672 $ 26,953
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,624 4,108
Stock-based compensation 6,305 4,988
Provision for excess and obsolete inventories 379 1,783
Deferred income taxes 2,715 5,703
Excess tax benefit from stock-based compensation (992) (3,573)
Other operating activities 581 1,065
Changes in assets and liabilities:    
Accounts receivable, net (12,631) 5,916
Inventory, net (3,983) 228
Current and other assets (970) 703
Accounts payable 5,995 (4,340)
Accrued liabilities (4,520) (7,277)
Income taxes 3,363 (2,117)
Cash provided by operating activities 29,538 34,140
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sales of investments 5,014 30,815
Proceeds from maturities of investments 50,900 35,200
Purchase of investments (54,867) (57,121)
Capital expenditures (7,312) (13,014)
Cash used for investing activities (6,265) (4,120)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repurchase of common stock (12,438) (10,766)
Proceeds from issuances under stock-based compensation plans 2,832 13,163
Employees' tax withheld and paid for restricted stock and restricted stock units (5,787) (4,026)
Payment of cash dividends (6,389) (4,368)
Excess tax benefit from stock-based compensation 992 3,573
Cash used for financing activities (20,790) (2,424)
Effect of exchange rate changes on cash and cash equivalents 63 (29)
Net increase in cash and cash equivalents 2,546 27,567
Cash and cash equivalents at beginning of period 232,704 228,776
Cash and cash equivalents at end of period $ 235,250 $ 256,343