v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 33,395 $ 14,398
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 21,088 20,085
Deferred income taxes (452) (607)
Stock-based compensation expense 12,953 8,366
Fair value adjustment to contingent consideration payable (150) 700
Fair value adjustment on available for sale investments 4,351 10,401
Other operating activity 195 164
Change in operating assets and operating liabilities, net of acquisition:    
Trade accounts and other receivables, net 910 (1,405)
Inventories (1,968) (720)
Other current assets 1,632 (2,549)
Trade accounts payable, accrued expenses, contract liabilities, and other 6,918 1,456
Salaries, wages and related accruals (11,480) (10,983)
Income taxes payable (1,383) 1,233
Net cash provided by operating activities 66,009 40,539
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of available-for-sale investments 29,039 11,311
Purchases of available-for-sale investments (26,239) (15,871)
Additions to property and equipment (10,938) (10,525)
Net cash used in investing activities (8,138) (15,085)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends (12,336) (12,169)
Proceeds from stock option exercises 15,418 8,952
Repayments of long-term debt (33,125) (19,125)
Other financing activity (4,890) (1,927)
Net cash provided by (used in) financing activities (34,933) (24,269)
Effect of exchange rate changes on cash and cash equivalents (159) (2,180)
Net decrease in cash and cash equivalents 22,779 (995)
Cash and cash equivalents at beginning of period 146,625 100,886
Cash and cash equivalents at end of period 169,404 99,891
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 6,034 2,452
Cash paid for interest $ 4,237 $ 5,092

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