Item 6. Selected Financial Data

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Item 6. Selected Financial Data

The following Selected Financial Data should be read in conjunction with our Consolidated Financial Statements and related Notes, and Management's Discussion and Analysis of Financial Condition and Results of Operations included elsewhere in this Annual Report on Form 10-K. (in thousands, except per share data)


	Fiscal Year Ended March 31,
STATEMENT OF OPERATIONS DATA (in thousands, except per share data):	2015			2014			2013			2012			2011
Net revenue	$	1,082,938		$	2,350,568		$	1,214,483		$	825,823		$	1,136,876
Cost of goods sold		794,867			1,414,327			715,837			528,855			689,381

Gross profit		288,071			936,241			498,646			296,968			447,495

Selling and marketing		235,341			240,996			257,329			183,749			176,294
General and administrative		175,093			161,374			147,260			121,200			109,484
Research and development		115,043			105,256			78,184			64,162			69,576
Depreciation and amortization		21,057			13,359			10,634			12,123			14,999

Total operating expenses		546,534			520,985			493,407			381,234			370,353

Income (loss) from operations		(258,463	)		415,256			5,239			(84,266	)		77,142
Interest and other, net		(31,893	)		(33,553	)		(31,351	)		(19,571	)		(13,519	)
Gain on long-term investments, net		17,476			—			—			—			—
Loss on extinguishment of debt		—			(9,014	)		—			—			—
Gain on convertible note hedge and warrants, net		—			3,461			—			—			—

Income (loss) from continuing operations before income taxes		(272,880	)		376,150			(26,112	)		(103,837	)		63,623

Provision for income taxes		6,590			14,459			5,050			3,863			9,819

Income (loss) from continuing operations		(279,470	)		361,691			(31,162	)		(107,700	)		53,804
Income (loss) from discontinued operations, net of taxes		—			(86	)		1,671			(1,116	)		(5,346	)

Net income (loss)	$	(279,470	)	$	361,605		$	(29,491	)	$	(108,816	)	$	48,458



Earnings (loss) per share:
Continuing operations	$	(3.48	)	$	3.79		$	(0.36	)	$	(1.30	)	$	0.62
Discontinued operations		—			—			0.02			(0.01	)		(0.06	)

Basic earnings (loss) per share	$	(3.48	)	$	3.79		$	(0.34	)	$	(1.31	)	$	0.56



Continuing operations	$	(3.48	)	$	3.20		$	(0.36	)	$	(1.30	)	$	0.62
Discontinued operations		—			—			0.02			(0.01	)		(0.06	)

Diluted earnings (loss) per share	$	(3.48	)	$	3.20		$	(0.34	)	$	(1.31	)	$	0.56



Weighted average shares outstanding:
Basic		80,367			84,519			85,581			83,356			86,127
Diluted		80,367			113,882			85,581			83,356			86,139


	As of March 31,
BALANCE SHEET DATA:	2015		2014		2013		2012		2011
Cash and cash equivalents	$	911,120		935,400		402,502	$	420,279	$	280,359
Working capital		815,048		924,620		529,153		524,892		335,715
Total assets		2,231,100		1,799,630		1,277,839		1,149,427		971,659
Long-term debt		476,057		454,031		335,202		316,340		107,239
Total liabilities		1,668,012		997,824		689,844		553,700		356,380
Stockholders' equity		563,088		801,806		587,995		595,727		615,279

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