v3.26.1
Condensed consolidated statements of cash flows - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 66,599 $ 33,311
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 26,101 13,192
Non-cash lease expense 3,196 2,843
Stock-based compensation expense 19,677 9,868
Amortization of debt issuance costs and discount on debt 473 134
Deferred income taxes 1,782 14,216
Change in fair value of contingent consideration 16,080 0
Other, net 2 911
Changes in operating assets and liabilities:    
Accounts receivable 198 (46,170)
Inventory (26,524) 18,684
Prepaid expenses and other assets 8,202 (16,332)
Accounts payable and accrued expenses (2,429) (1,542)
Other liabilities (1,692) (1,882)
Net cash provided by operating activities 111,665 27,233
Cash flows from investing activities:    
Purchase of property and equipment (1,431) (7,095)
Other, net (240) (464)
Net cash used in investing activities (1,671) (7,559)
Cash flows from financing activities:    
Repayment of long-term debt (7,500) 0
Repurchase of common stock (49,982) 0
Cash received from issuance of common stock 2,022 121
Net cash (used in) provided by financing activities (55,460) 121
Effect of exchange rate changes on cash and cash equivalents 22 1,542
Net increase in cash and cash equivalents 54,556 21,337
Cash and cash equivalents - beginning of period 289,685 148,692
Cash and cash equivalents - end of period $ 344,241 $ 170,029