v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 6 Months Ended
Sep. 30, 2026
Sep. 30, 2025
OPERATING ACTIVITIES    
Net income $ 443,107 $ 407,355
Reconciliation of net income to net cash (used in) provided by operating activities:    
Depreciation, amortization, and accretion 36,036 39,171
Amortization on cloud computing arrangements 1,280 1,117
Bad debt expense 10,783 17,319
Deferred tax benefit (513) (9,209)
Stock-based compensation 21,107 19,891
Loss on disposal of assets 160 1,228
Changes in operating assets and liabilities:    
Trade accounts receivable, net (366,958) (223,211)
Inventories (373,830) (340,367)
Prepaid expenses and other current assets (13,652) (70,115)
Income tax receivable (13,747) 28,547
Net operating lease assets and lease liabilities (3,640) 5,133
Other assets (27,047) (14,822)
Trade accounts payable 264,340 177,305
Other accrued expenses (41,134) (41,621)
Income tax payable 52,181 42,685
Other long-term liabilities 2,265 3,827
Net cash (used in) provided by operating activities (9,262) 44,233
INVESTING ACTIVITIES    
Purchases of property and equipment (37,176) (45,932)
Net cash used in investing activities (37,176) (45,932)
FINANCING ACTIVITIES    
Deferred financing costs paid on revolving credit facilities (1,074) 0
Proceeds from issuance of stock 2,040 2,228
Repurchases of common stock (637,463) (464,987)
Cash paid for excise taxes related to repurchases of common stock (10,413) (5,042)
Cash paid for shares withheld for taxes (6,606) (7,674)
Net cash used in financing activities (653,516) (475,475)
Effect of foreign currency exchange rates on cash and cash equivalents 2,427 2,465
Net change in cash and cash equivalents (697,527) (474,709)
Cash and cash equivalents at beginning of period 1,907,249 1,889,188
Cash and cash equivalents at end of period 1,209,722 1,414,479
Cash paid during the period    
Income taxes, net of refunds 95,948 55,854
Interest 3,339 1,230
Operating leases 54,288 43,138
Non-cash investing activities    
Changes in trade accounts payable and other accrued expenses for purchases of property and equipment (979) (4,945)
Accrued for asset retirement obligation assets related to leasehold improvements 3,196 5,476
Non-cash financing activities    
Accrued excise taxes related to repurchases of common stock $ 6,175 $ 4,336