| Mar'12 | Mar'11 | Mar'10 | |||
|---|---|---|---|---|---|
Net income | |||||
18,333 | 12,401 | 5,823 | |||
Depreciation and amortization | |||||
6,341 | 5,793 | 5,340 | |||
Provision for losses on accounts receivable | |||||
152 | 571 | 297 | |||
Deferred income taxes | |||||
-1,113 | -997 | -328 | |||
Non-cash stock-based compensation expense | |||||
2,688 | 1,989 | 1,559 | |||
Non-cash accretion of market discount on marketable securities | |||||
-69 | -45 | 1 | |||
Loss on disposition of fixed assets | |||||
-55 | -51 | -45 | |||
Accounts receivable | |||||
8,319 | 2,332 | 3,518 | |||
Inventory | |||||
2,840 | -718 | -197 | |||
Prepaid expenses and other current assets | |||||
399 | 348 | 364 | |||
Other assets | |||||
31 | 714 | 40 | |||
Accounts payable | |||||
-100 | -159 | 874 | |||
Accrued liabilities | |||||
3,424 | 3,473 | 158 | |||
Other income taxes | |||||
4,061 | 3,575 | 1,913 | |||
Deferred revenue | |||||
7,362 | 4,046 | 10,238 | |||
Deferred rent | |||||
363 | 34 | -365 | |||
Excess tax benefit from exercise of stock options | |||||
2,894 | 1,471 | 51 | |||
Net cash provided by operating activities | |||||
27,152 | 26,675 | 21,777 | |||
Acquisition of business, net of cash acquired | |||||
- | 2,225 | - | |||
Acquired technology | |||||
120 | - | 433 | |||
Purchase of property and equipment | |||||
5,476 | 3,407 | 3,148 | |||
Purchase of marketable securities | |||||
61,517 | 50,554 | - | |||
Proceeds from sale/maturity of marketable securities | |||||
53,890 | 19,083 | 1,000 | |||
Net cash used in investing activities | |||||
-13,223 | -37,103 | -2,581 | |||
Acquisition of treasury stock | |||||
1,093 | 3,634 | 2,288 | |||
Proceeds from exercise of common stock options | |||||
1,617 | 14,241 | 2,720 | |||
Excess tax benefit from exercise of stock options | |||||
2,894 | 1,471 | 51 | |||
Issuance of common stock under employee stock purchase plan | |||||
1,945 | 1,547 | 1,307 | |||
Payment of dividends to stockholders | |||||
29,933 | 24,974 | 7,473 | |||
Net cash used in financing activities | |||||
-24,570 | -11,349 | -5,683 | |||
Effect of exchange rate changes on cash and cash equivalents | |||||
-298 | 392 | 178 | |||
Net decrease in cash and cash equivalents | |||||
-10,939 | -21,385 | 13,691 | |||