v3.20.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income (loss) $ 12,865 $ (49,155)
Adjustments to reconcile net income (loss) to cash provided by operations:    
Depreciation 1,590 2,034
Amortization 13,019 15,081
Share-based compensation 12,672 41,425
Deferred income taxes (175) (8,877)
Other 466 416
Net change in operating assets and liabilities:    
Accounts receivable 64,265 34,116
Deferred commissions 2,229 (720)
Prepaid expenses and other assets 275 (924)
Accounts payable and accrued expenses (23,212) (8,464)
Operating leases, net 311  
Deferred revenue (47,297) 9,235
Net cash provided by operating activities 37,008 34,167
Cash flows from investing activities:    
Purchase of property and equipment (4,418) (4,151)
Capitalized software additions (131) (333)
Net cash used in investing activities (4,549) (4,484)
Cash flows from financing activities:    
Repayment of term loans 0 (19,000)
Proceeds from employee stock purchase plan 3,592  
Equity repurchases (13) (53)
Installments related to acquisition 0 (4,694)
Net cash provided by (used in) financing activities 3,579 (23,747)
Effect of exchange rates on cash and cash equivalents 1,169 203
Net increase in cash and cash equivalents 37,207 6,139
Cash and cash equivalents, beginning of period 213,170 51,314
Cash and cash equivalents, end of period 250,377 57,453
Supplemental cash flow data:    
Cash paid for interest 3,763 15,738
Cash paid for tax $ 10,127 $ 2,052

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