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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 68,392 $ 112,301 $ 112,417
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 20,142 18,711 15,566
Amortization of debt issuance costs 1,208 0 0
Stock-based compensation 33,265 28,594 23,180
Excess tax benefit from stock-based compensation (3,540) (3,520) (4,659)
Deferred income taxes (8,291) (980) (5,813)
Provision for excess and obsolete inventories 2,430 931 4,138
Restructuring charges 16,160 0 547
Cash payments for restructuring charges (10,385) 0 0
Other operating activities 7,680 (1,188) 1,436
Changes in assets and liabilities, net of effect of acquisition:      
Accounts receivable, net 8,445 4,272 (11,136)
Inventory, net 1,357 128 6,040
Current and other assets (605) (5,368) 1,355
Accounts payable 5,407 (62) (6,311)
Accrued liabilities 4,998 500 (418)
Income taxes 206 119 5,149
Cash provided by operating activities 146,869 154,438 141,491
CASH FLOWS FROM INVESTING ACTIVITIES      
Proceeds from sales of investments 102,517 96,129 102,414
Proceeds from maturities of investments 97,164 120,430 137,955
Purchase of investments (300,620) (216,013) (247,355)
Acquisition, net of cash acquired 0 (150) 0
Capital expenditures and other assets (30,661) (21,962) (50,985)
Cash used for investing activities (131,600) (21,566) (57,971)
CASH FLOWS FROM FINANCING ACTIVITIES      
Repurchase of common stock (497,393) (112,939) (85,654)
Employees' tax withheld and paid for restricted stock and restricted stock units (11,068) (7,611) (6,222)
Proceeds from issuances under stock-based compensation plans 15,384 23,042 24,055
Payment of cash dividends (21,061) (25,730) (17,372)
Proceeds from revolving line of credit 155,749 34,500 0
Repayments of revolving line of credit (190,249) 0 0
Proceeds from bonds issuance, net of issuance costs 488,401 0 0
Excess tax benefit from stock-based compensation 3,540 3,520 4,659
Cash used for financing activities (56,697) (85,218) (80,534)
Effect of exchange rate changes on cash and cash equivalents (156) (3,508) 942
Net increase (decrease) in cash and cash equivalents (41,584) 44,146 3,928
Cash and cash equivalents at beginning of year 276,850 232,704 228,776
Cash and cash equivalents at end of year 235,266 276,850 232,704
SUPPLEMENTAL DISCLOSURES      
Cash paid for income taxes 25,517 33,804 31,021
Cash paid for interest 12,833 0 0
Non-cash investing activity - purchases of property, plant, and equipment for which payment has not yet been made $ 0 $ 2,087 $ 0