v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Net income (loss) $ 57,860 $ 502
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depreciation (including amortization of technology costs) 16,348 17,187
Amortization of intangibles 53,500 57,365
Amortization of product development costs 13,628 13,302
Stock-based compensation 3,884 0
Credit losses on accounts receivable (1,251) (2,286)
Inventory obsolescence 3,958 3,486
Deferred income taxes 255 864
Amortization of debt discount 3,166 3,352
Amortization of deferred financing costs 1,222 1,253
Changes in operating assets and liabilities:    
Accounts receivable (18,041) (105,289)
Inventories 7,864 10,544
Prepaid and other current assets (16,360) (28,185)
Accounts payable and accrued expenses (63,566) (91,569)
Deferred revenue (149,389) (27,553)
Other current liabilities 42,342 12,233
Other changes in operating assets and liabilities, net (513) (3,962)
Cash provided by (used for) operating activities 601 (96,652)
Investing activities    
Product development expenditures (34,360) (22,788)
Capital expenditures (23,929) (16,283)
Cash provided by (used for) investing activities (58,289) (39,071)
Financing activities    
Payment of A&E Term Loan Facility (3,293) (3,292)
Payment of finance lease obligations (1,684) (1,718)
Deferred Initial Public Offering costs 0 (2,374)
Exercise of stock options 1,827 0
Cash provided by (used for) financing activities (3,150) (7,384)
Effect of exchange rate changes on cash 956 608
Net change in cash and cash equivalents (59,882) (142,499)
Cash and cash equivalents, at the beginning of the period 253,519 389,830
Cash and cash equivalents, at the end of the period 193,637 247,331
Supplemental disclosures    
Cash paid for interest expense 9,464 22,408
Cash paid/(refunded) for income taxes, net (3,511) 56,813
Deferred Royalties    
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Amortization of capitalized contract costs 38,039 34,669
Deferred Commission Costs    
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Amortization of capitalized contract costs $ 7,655 $ 7,435