| Mar'20 | Mar'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 | Mar'11 | Mar'10 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||
Net income | ||||||||||
159,498 | 89,991 | 161,995 | 261,209 | 123,630 | 55,178 | 108,111 | 136,598 | 87,983 | 203,503 | 38,398 |
Adjustments to net cash provided by operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
68,237 | 79,826 | 81,399 | 63,433 | 58,060 | 34,855 | 14,883 | 13,562 | 9,972 | 8,145 | 7,888 |
Gain on marketable securities | ||||||||||
- | - | - | - | - | - | - | - | - | - | 500 |
Stock-based compensation expense | ||||||||||
53,757 | 49,689 | 48,741 | 39,593 | 33,506 | 37,549 | 23,074 | 21,495 | 12,178 | 8,141 | 5,318 |
Amortization of lease settlement | ||||||||||
- | - | - | - | - | - | - | - | - | - | -83 |
Deferred income taxes | ||||||||||
-5,888 | 1,717 | 11,646 | 10,885 | 23,202 | 32,238 | 35,959 | 60,600 | -10,154 | -120,045 | -11,932 |
(Gain) loss on retirement or write-off of long-lived assets | ||||||||||
-379 | 2,713 | -626 | -10,387 | -2,753 | -1,618 | -568 | - | -23 | 24 | -70 |
Charges (payments) for defined benefit pension plan | ||||||||||
0 | 11,189 | -10,929 | -116 | -729 | 292 | - | - | - | - | - |
Excess tax benefit from employee stock awards | ||||||||||
- | - | - | - | 3,850 | 37,692 | 8,445 | 106 | - | - | - |
Other non-cash charges | ||||||||||
-697 | -429 | 3,864 | -8,980 | -19,702 | 22,167 | 5,760 | 4,792 | - | - | - |
MEMS restructuring charges | ||||||||||
21,925 | 0 | 0 | - | - | - | - | - | - | - | - |
Net change in operating assets and liabilities: | ||||||||||
Accounts receivable, net | ||||||||||
33,082 | 14,316 | -19,173 | 31,442 | -24,156 | 37,344 | -6,815 | 25,232 | 5,055 | 15,135 | 13,149 |
Inventories | ||||||||||
-17,765 | -40,636 | 37,865 | 25,880 | 57,819 | -16,077 | -49,557 | 67,606 | 15,418 | 5,101 | 15,518 |
Other assets | ||||||||||
-1,379 | -965 | -16,824 | -575 | 1,522 | -285 | -1,239 | -134 | 9,783 | 1,158 | 937 |
Accounts payable | ||||||||||
27,626 | -21,965 | 143 | 1,772 | -41,456 | 36,504 | -9,443 | 22,423 | 10,469 | 7,299 | 10,454 |
Accrued salaries and benefits | ||||||||||
11,470 | -6,432 | -4,469 | 18,951 | -2,993 | 7,047 | -3,169 | 3,260 | 1,232 | 2,440 | 3,530 |
Deferred income | ||||||||||
- | - | - | - | -6,105 | -77 | 660 | -2,272 | 384 | 356 | 3,062 |
Income taxes payable | ||||||||||
-9,809 | -7,974 | 22,983 | 10,969 | -11,807 | -639 | 9,496 | 263 | -130 | -80 | 116 |
Other accrued liabilities | ||||||||||
-18,139 | -14,348 | 12,308 | 203 | -11,140 | -4,581 | -7,027 | -7,087 | 1,494 | -1,401 | -1,581 |
Net cash provided by operating activities | ||||||||||
295,815 | 206,694 | 318,711 | 369,751 | 149,046 | 163,477 | 228,038 | 160,824 | 83,195 | 86,940 | 25,136 |
Cash flows from investing activities: | ||||||||||
Maturities and sales of available-for-sale marketable securities | ||||||||||
170,818 | 70,840 | 138,221 | 212,863 | 125,660 | 301,847 | 139,037 | 127,336 | 181,282 | 202,753 | 111,167 |
Purchases of available-for-sale marketable securities | ||||||||||
249,463 | 98,864 | 238,434 | 231,432 | 22,570 | 133,436 | 321,519 | 178,847 | 127,852 | 255,426 | 147,929 |
Purchases of property, equipment and software | ||||||||||
15,656 | 31,615 | 55,180 | 41,849 | 41,569 | 32,311 | 15,058 | 52,902 | 35,948 | 20,060 | 3,654 |
Investments in technology | ||||||||||
5,920 | 4,143 | 29,323 | 9,447 | 4,519 | 4,387 | 2,296 | 3,009 | 6,604 | 1,527 | 2,185 |
Proceeds from the sale of assets | ||||||||||
0 | 9,120 | 0 | 0 | - | - | - | - | - | - | - |
Loss on foreign exchange hedging activities | ||||||||||
- | - | - | - | - | 11,976 | - | - | - | - | - |
Acquisition of businesses, net of cash obtained | ||||||||||
- | - | - | - | 36,759 | - | 20,402 | - | - | - | 550 |
Proceeds from sale of Apex assets | ||||||||||
- | - | - | - | - | - | - | 22,220 | - | - | - |
Decrease in restricted investments | ||||||||||
- | - | - | - | - | - | - | - | -5,786 | -69 | 100 |
Increase in deposits and other assets | ||||||||||
- | - | - | - | - | - | 111 | -402 | -1,773 | - | -500 |
(Increase) decrease in deposits and other assets | ||||||||||
- | - | - | - | - | - | - | - | - | 58 | -190 |
Net cash used in investing activities | ||||||||||
-100,221 | -54,662 | -184,716 | -69,865 | 20,243 | -324,401 | -220,349 | -84,800 | 18,437 | -74,249 | -42,561 |
Cash flows from financing activities: | ||||||||||
Proceeds from long-term revolver | ||||||||||
- | - | - | - | - | 226,439 | - | - | - | - | - |
Principal payments on long-term revolver | ||||||||||
0 | 0 | 60,000 | 100,439 | 20,000 | 46,000 | - | - | - | - | - |
Debt issuance costs | ||||||||||
- | - | - | 2,152 | 0 | 2,825 | - | - | - | - | - |
Payments on capital lease agreements | ||||||||||
- | - | - | 699 | 0 | - | - | - | - | - | - |
Issuance of common stock, net of shares withheld for taxes | ||||||||||
18,635 | 1,616 | 4,417 | 16,518 | 6,617 | 5,327 | 5,320 | 12,008 | 4,108 | 31,005 | 2,030 |
Repurchase of stock to satisfy employee tax withholding obligations | ||||||||||
18,280 | 13,083 | 17,806 | 14,089 | 6,861 | 4,624 | 3,868 | 1,674 | - | - | - |
Repurchase and retirement of common stock | ||||||||||
120,002 | 159,997 | 175,776 | 15,439 | 60,503 | 10,534 | 52,138 | 86,059 | 76,782 | 22,766 | - |
Excess tax benefit from employee stock awards | ||||||||||
- | - | - | - | 3,850 | 37,692 | 8,445 | 106 | - | - | - |
Contingent consideration payments | ||||||||||
0 | 0 | -392 | -1,213 | 0 | - | - | - | - | - | - |
Net cash used in financing activities | ||||||||||
-119,647 | -171,464 | -249,557 | -117,513 | -76,897 | 205,475 | -42,241 | -75,619 | -72,674 | 8,239 | 2,030 |
Net increase (decrease) in cash and cash equivalents | ||||||||||
75,947 | -19,432 | -115,562 | 182,373 | 92,392 | 44,551 | -34,552 | 405 | 28,958 | 20,930 | -15,395 |
Supplemental disclosures of cash flow information | ||||||||||
Cash payments during the year for: | ||||||||||
Income taxes | ||||||||||
22,321 | 20,617 | 34,385 | 8,001 | 23,785 | 4,973 | 2,118 | 5,125 | 2,268 | 784 | 90 |
Interest | ||||||||||
457 | 612 | 835 | 2,947 | 3,318 | 2,391 | - | - | - | - | 0 |