Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 1 Months Ended 3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Operating Activities        
Net income   $ 9,533 $ 33,586  
Adjustments to reconcile net income to cash provided by operating activities:        
Amortization and depreciation   19,202 23,880  
Impairment losses   2,438 0  
Amortization of debt issuance costs and accretion of discounts   548 486  
Stock-based compensation   16,448 18,554  
Deferred income taxes   8,128 6,842  
Loss on disposal of property and equipment   40 159  
Unrealized holding (gain) loss on investments   (152) 954  
(Gain) loss on foreign currency   362 (316)  
Excess tax benefits on stock-based awards   (507) (7,120)  
Changes in operating assets and liabilities:        
Accounts receivable   (16,931) (5,969)  
Inventory   10,959 (7,338)  
Prepaid expenses and other assets   (4,338) 3,503  
Accounts payable, accrued expenses and other current liabilities   (886) 32,952  
Accrued compensation   7,210 12,237  
Accrued price protection liability   (9,877) 27,975  
Lease liabilities   (3,095) (3,301)  
Other long-term liabilities   3,077 (2,918)  
Net cash provided by operating activities   42,159 134,166  
Investing Activities        
Purchases of property and equipment   (5,216) (4,800)  
Purchases of intangible assets   (630) (4,637)  
Cash used in acquisitions, net of cash acquired   (9,665) 0  
Proceeds loaned under notes receivable $ (10,000) 0 (10,000)  
Purchases of investments   0 (23,325)  
Net cash used in investing activities   (15,511) (42,762)  
Financing Activities        
Repayment of debt   0 (20,000)  
Net proceeds from issuance of common stock   3 87  
Minimum tax withholding paid on behalf of employees for restricted stock units   (6,173) (24,449)  
Repurchase of common stock   0 (26,297)  
Net cash used in financing activities   (6,170) (70,659)  
Effect of exchange rate changes on cash and cash equivalents   1 (230)  
Increase in cash, cash equivalents and restricted cash   20,479 20,515  
Cash, cash equivalents and restricted cash at beginning of period   188,357 131,738 $ 131,738
Cash, cash equivalents and restricted cash at end of period $ 152,253 208,836 152,253 $ 188,357
Supplemental disclosures of cash flow information:        
Cash paid for interest   2,163 2,053  
Cash paid for income taxes   3,336 1,698  
Supplemental disclosures of non-cash activities:        
Issuance of shares for payment of bonuses   $ 38,096 $ 38,197