v3.24.3
Condensed consolidated statements of cash flows (unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 66,575 $ 86,248
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and non-cash lease expense 23,803 12,311
Stock-based compensation expense 34,612 18,417
Amortization of debt issuance costs and discount on debt 276 149
Deferred income taxes 1,324 1,159
Impairment of equity investment 0 1,720
Other, net 18 221
Changes in operating assets and liabilities:    
Accounts receivable (21,221) (18,812)
Inventory (45,071) (65,904)
Prepaid expenses and other assets (48,863) (27,090)
Accounts payable and accrued expenses 5,188 45,112
Other liabilities (4,192) (2,261)
Net cash provided by operating activities 12,449 51,270
Cash flows from investing activities:    
Purchase of property and equipment (2,409) (1,465)
Other, net (93) 0
Net cash used in investing activities (2,502) (1,465)
Cash flows from financing activities:    
Repayment of long-term debt (5,375) (2,500)
Debt issuance costs paid 0 (665)
Repurchase of common stock (17,076) 0
Proceeds from exercise of stock options 533 750
Other, net (58) (405)
Net cash used in financing activities (21,976) (2,820)
Effect of exchange rate changes on cash and cash equivalents 614 0
Net (decrease) increase in cash and cash equivalents (11,415) 46,985
Cash and cash equivalents - beginning of period 108,183 120,778
Cash and cash equivalents - end of period $ 96,768 $ 167,763