v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:      
Net earnings (loss) $ 145,952 $ (814) $ 11,881
Earnings from discontinued operations, net of tax (1,176) (1,688) (1,790)
Non-cash operating activities:      
Depreciation and amortization 13,399 17,207 11,508
Loss on disposal or impairment of assets 148 85 1,219
Lease-related impairment and restructuring charges 617 14 1,769
Gain on sale of strategic investments (159) (515) 0
Loss on marketable equity securities 260 206 0
Provision for doubtful accounts 1,991 695 2,254
Impairment of goodwill 0 0 2,875
Deferred income taxes (56,272) (447) (458)
Non-cash stock compensation expense 82,988 107,979 71,304
Changes in operating assets and liabilities:      
Accounts receivable, net (28,345) 3,547 (32,336)
Deferred commissions 3,725 3,691 (11,113)
Other assets 2,477 2,105 9,426
Accounts payable and other liabilities 3,023 3,573 8,508
Income taxes 5,437 3,430 22,275
Deferred revenue (6,310) 14,897 8,334
Net cash provided by operating activities 167,755 153,965 105,656
Cash flows from investing activities:      
Capital expenditures (1,376) (1,042) (4,255)
Cash paid in acquisitions, net of cash received (595) (1,951) (170,281)
Purchases of investments 0 (1,967) (48,894)
Proceeds from sales of investments 0 26,989 50,750
Purchases of strategic investments (3,320) (1,400) (1,000)
Proceeds from sale of strategic investment 359 763 0
Net cash provided by (used in) investing activities (4,932) 21,392 (173,680)
Cash flows from financing activities:      
Proceeds related to the issuance of common stock under stock and employee benefit plans 8,207 8,833 7,222
Shares repurchased for tax withholdings upon vesting of stock-based awards (13,017) (10,331) (5,835)
Acquisition of treasury stock (194,534) (101,198) (60,502)
Net cash used in financing activities (199,344) (102,696) (59,115)
Net cash provided by (used in) continuing operations (36,521) 72,661 (127,139)
Cash flows from discontinued operations:      
From operating activities 1,176 1,688 1,790
Net cash provided by discontinued operations 1,176 1,688 1,790
Effect of exchange rate changes on cash 966 106 372
Net change in cash, cash equivalents and restricted cash (34,379) 74,455 (124,977)
Cash, cash equivalents and restricted cash at beginning of period 413,926 339,471 464,448
Cash, cash equivalents and restricted cash at end of period 379,547 413,926 339,471
Supplemental cash flow information:      
Cash paid for income taxes, net (2,100) (20,062) 300
Cash received for tenant improvement allowances 0 (2,628) 0
Cash paid for operating lease liabilities 9,963 9,798 10,293
Operating lease assets obtained in exchange for operating lease liabilities 1,173 2,327 11,825
Operating lease assets, and related lease liabilities, relinquished in lease terminations 0 (595) (4,486)
Purchases of property, plant and equipment remaining unpaid at period end 44 20 104
Marketable equity securities obtained in disposition of strategic investment 0 652 0
Excise tax payable on net stock repurchases 1,257 128 0
Cash paid for income taxes, net      
Supplemental cash flow information:      
Cash paid for income taxes, net (3,963) (22,548) (2,465)
Cash received for income taxes, net from discontinued operations      
Supplemental cash flow information:      
Cash paid for income taxes, net $ (1,863) $ (2,486) $ (2,765)