| 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 | |||||||||
17,691 | 8,948 | 16,257 | 45,020 | 42,446 | 34,375 | 28,398 | 20,035 | 16,200 | 12,129 |
Adjustments to reconcile net income to net cash provided by operating activities | |||||||||
Depreciation and amortization | |||||||||
29,001 | 27,537 | 25,852 | 16,479 | 13,552 | 11,502 | 9,040 | 8,305 | 8,398 | 5,286 |
Share-based compensation expense | |||||||||
29,056 | 27,411 | 22,123 | 16,179 | 11,098 | 8,166 | 5,876 | 5,102 | 3,921 | 3,377 |
Reversal of contingent consideration | |||||||||
- | - | - | - | -1,833 | - | - | - | - | - |
Provision (recovery) for doubtful accounts | |||||||||
-864 | 1,248 | 1,015 | 208 | -134 | 750 | 193 | 602 | 690 | - |
Gain on disposal of property and equipment | |||||||||
71 | 10 | 434 | 41 | -127 | -53 | 100 | -16 | 33 | 27 |
Impairment of long-lived asset classified as held for sale | |||||||||
3,955 | - | - | - | - | - | - | - | - | - |
Impairment of investment | |||||||||
1,411 | - | - | - | - | - | - | - | - | - |
Foreign currency transaction losses, net | |||||||||
-13,130 | -3,543 | 3,009 | 7,050 | -357 | -396 | -68 | 227 | -1,436 | -1,830 |
Amortization of discounts and premiums on investments | |||||||||
-83 | -313 | -905 | -496 | -1,242 | - | - | - | - | - |
Amortization of debt issuance cost | |||||||||
1,092 | 1,057 | 1,129 | 109 | - | - | - | - | - | - |
Deferred income taxes, net | |||||||||
-1,770 | -9,946 | -10,856 | -5,398 | -2,969 | 1,618 | -1,836 | -6,555 | -986 | -1,435 |
Excess tax (benefits) expense from stock option exercises | |||||||||
- | - | - | - | 4,692 | 3,198 | 759 | 1,422 | 758 | 206 |
Net changes in operating assets and liabilities | |||||||||
Accounts receivable and unbilled receivable | |||||||||
22,741 | 36,542 | 13,508 | 17,123 | 17,128 | 3,429 | 19,462 | 17,883 | 12,668 | 2,349 |
Prepaid expenses and other current assets | |||||||||
21,498 | 9,260 | -1,009 | 7,832 | -4,497 | 4,905 | 3,501 | 3,196 | 2,783 | -2,580 |
Other long-term assets | |||||||||
21,812 | 1,377 | -8,216 | 126 | 603 | 1,598 | -471 | 2,805 | 677 | 2,381 |
Accounts payable | |||||||||
16,452 | 4,413 | -6,482 | -7,326 | -212 | -228 | 1,604 | 1,579 | 245 | -9 |
Accrued employee compensation and benefits | |||||||||
3,663 | 13,772 | -2,207 | 8,731 | -4,385 | 4,452 | -1,440 | 4,088 | 3,496 | -916 |
Accrued expenses and other current liabilities | |||||||||
13,059 | 3,931 | 1,851 | 8,734 | 4,774 | -2,717 | 3,883 | 3,983 | 2,612 | -210 |
Income taxes payable | |||||||||
4,120 | 12,683 | -8,729 | 4,303 | 1,553 | 3,886 | 550 | 9,965 | 1,774 | 459 |
Other long-term liabilities | |||||||||
4,662 | 14,978 | -5,522 | 227 | 1,227 | -204 | -232 | -670 | -1,101 | 449 |
Net cash provided by operating activities | |||||||||
68,619 | 62,699 | 27,610 | 55,590 | 48,917 | 48,919 | 22,753 | 20,917 | 19,766 | 18,577 |
Proceeds from sale of property and equipment | |||||||||
1,033 | 261 | 2,631 | 90 | 160 | 80 | 117 | 114 | 101 | 40 |
Purchase of short-term investments | |||||||||
96,557 | 100,486 | 112,652 | 43,586 | 14,075 | 23,313 | 13,676 | 9,481 | 20,647 | 7,696 |
Proceeds from sale or maturity of short-term investments | |||||||||
109,512 | 157,194 | 131,116 | 115,397 | 38,696 | 10,802 | 12,717 | 36,825 | 30,441 | 32,353 |
Purchase of long-term investments | |||||||||
- | 16,772 | 35,099 | 29,618 | 33,720 | 70,151 | 11,303 | 5,900 | 30,815 | 39,524 |
Proceeds from sale or maturity of long-term investments | |||||||||
- | 1,606 | 7,116 | 9,200 | 13,612 | 800 | 1,258 | 10,406 | 11,808 | 14,740 |
(Increase) decrease in restricted cash | |||||||||
- | 158 | -92,704 | 91,286 | -2,639 | 2,320 | -2,544 | 2,645 | -3,704 | 575 |
Business acquisition, net of cash acquired | |||||||||
- | 78,376 | 3,460 | 164,642 | 2,660 | 21,460 | 2,775 | 25,055 | 3,219 | 28,483 |
Payment of deferred consideration related to business acquisition | |||||||||
52,784 | - | - | - | - | - | - | - | - | - |
Purchase of property and equipment | |||||||||
35,912 | 16,096 | 15,341 | 13,491 | 14,729 | 7,482 | 12,587 | 13,557 | 9,718 | 4,036 |
Net cash used in investing activities | |||||||||
-74,708 | -52,827 | 67,015 | -217,936 | -10,077 | -113,044 | -23,705 | -9,293 | -18,345 | -33,181 |
Cash flows from financing activities: | |||||||||
Proceeds from issuance of common stock | |||||||||
- | - | - | - | - | 86,227 | - | - | - | - |
Proceeds from debt | |||||||||
- | 141,000 | - | 200,000 | - | - | - | - | - | - |
Payment of debt issuance costs | |||||||||
- | 2,716 | - | 5,596 | - | 242 | - | - | - | - |
Proceeds from revolving credit facility | |||||||||
74,500 | 75,000 | - | 20,000 | - | 20,000 | - | - | - | - |
Payment of debt | |||||||||
12,500 | 81,000 | 10,000 | - | - | - | - | - | - | - |
Series A Convertible Preferred Stock proceeds, net of issuance costs of $1,154 | |||||||||
- | 106,846 | - | - | - | - | - | - | - | - |
Repurchase of common stock | |||||||||
- | 30,000 | - | - | - | - | 1,408 | - | - | - |
Payment of other noncontrolling interest | |||||||||
373 | 42 | 50 | - | - | - | - | - | - | - |
Payments of withholding taxes related to net share settlements of restricted stock | |||||||||
12,094 | 7,173 | 6,098 | 6,924 | - | - | - | - | - | - |
Purchase of redeemable noncontrolling interest related to Polaris | |||||||||
31,979 | - | - | - | - | - | - | - | - | - |
Payment of noncontrolling interest | |||||||||
- | 147,026 | 89,147 | - | - | - | - | - | - | - |
Proceeds from subsidiary stock sale | |||||||||
- | - | 7,236 | - | - | - | - | - | - | - |
Principal payments on capital lease obligation | |||||||||
89 | 220 | 140 | 132 | 120 | 18 | 1,026 | 932 | 1,116 | 4 |
Repayment of revolving credit facility | |||||||||
- | 20,000 | - | 20,000 | - | 20,000 | - | - | - | - |
Payment of contingent consideration related to acquisitions | |||||||||
100 | - | 830 | 2,097 | 2,087 | - | - | 1,620 | - | 450 |
Payment of dividend on Series A Convertible Preferred Stock | |||||||||
4,184 | 3,127 | - | - | - | - | - | - | - | - |
Excess tax (expense) benefits from stock option exercises | |||||||||
- | - | - | - | 4,692 | 3,198 | 759 | 1,422 | 758 | 206 |
Net cash used in financing activities | |||||||||
14,749 | 37,442 | -96,384 | 187,667 | 5,225 | 91,740 | 494 | 832 | 4,291 | 1,547 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | |||||||||
-13,782 | 2,675 | -2,319 | -1,137 | -2,024 | -2,053 | -448 | -4,569 | 655 | 1,210 |
Net increase in cash and cash equivalents and restricted cash | |||||||||
-5,122 | 49,989 | -4,078 | 24,184 | 42,041 | 25,562 | -906 | 7,887 | 6,367 | -11,847 |
Supplemental disclosure of cash flow information: | |||||||||
Cash paid for interest | |||||||||
16,900 | 5,573 | 7,180 | 33 | 24 | 13 | 73 | 146 | 19 | - |
Cash receipts from interest | |||||||||
3,229 | 4,322 | 3,956 | 5,125 | 5,177 | 3,337 | 2,740 | 2,683 | 1,800 | 1,970 |
Cash paid for income tax | |||||||||
23,591 | 16,116 | 14,314 | 17,137 | 12,696 | 10,063 | 8,426 | 6,814 | 4,281 | 1,950 |
Non cash investing activities | |||||||||
Assets acquired under capital lease | |||||||||
- | - | 41 | 125 | 269 | 142 | 37 | - | - | 3,056 |
Parent | |||||||||
Proceeds from exercise of common stock options | |||||||||
1,019 | 4,063 | 1,479 | - | 2,740 | 2,575 | 2,169 | 1,962 | 4,649 | 1,795 |
Subsidiaries | |||||||||
Proceeds from exercise of common stock options | |||||||||
549 | 1,837 | 1,166 | - | - | - | - | - | - | - |