v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities    
Net income (loss) $ 502 $ (9,447)
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depreciation (including amortization of technology costs) 17,187 14,434
Amortization of intangibles 57,365 61,179
Amortization of product development costs 13,302 13,267
Credit losses on accounts receivable (2,286) (1,586)
Unrealized (gain) loss on interest rate cap 0 117
Inventory obsolescence 3,486 3,903
Deferred income taxes 864 (403)
Amortization of debt discount 3,352 3,989
Amortization of deferred financing costs 1,253 1,405
Changes in operating assets and liabilities:    
Accounts receivable (105,289) (193,170)
Inventories 10,544 25,825
Prepaid and other current assets (28,185) (38,795)
Accounts payable and accrued expenses (91,569) (12,600)
Deferred revenue (27,553) 55,224
Other current liabilities 12,233 28,119
Other changes in operating assets and liabilities, net (3,962) 362
Cash provided by (used for) operating activities (96,652) (2,895)
Investing activities    
Product development expenditures (22,788) (18,972)
Capital expenditures (16,283) (15,919)
Cash provided by (used for) investing activities (39,071) (34,891)
Financing activities    
Payment of Term Loan Facility (3,292) (5,312)
Payment of finance lease obligations (1,718) (2,929)
Deferred Initial Public Offering costs (2,374) 0
Cash provided by (used for) financing activities (7,384) (8,241)
Effect of exchange rate changes on cash 608 428
Net change in cash and cash equivalents (142,499) (45,599)
Cash and cash equivalents, at the beginning of the period 389,830 203,618
Cash and cash equivalents, at the end of the period 247,331 158,019
Supplemental disclosures    
Cash paid for interest expense 22,408 53,749
Cash paid for income taxes 56,813 8,048
Deferred Royalties    
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Amortization of capitalized contract costs 34,669 33,311
Deferred Commission Costs    
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Amortization of capitalized contract costs $ 7,435 $ 11,971