CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands |
6 Months Ended |
Sep. 30, 2016 |
Sep. 30, 2015 |
| Cash flows from operating activities: |
|
|
| Net loss |
$ (19,613)
|
$ (10,950)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Depreciation, amortization and accretion |
25,885
|
25,063
|
| Change in fair value of contingent consideration |
0
|
(1,806)
|
| Provision for doubtful accounts, net |
610
|
3,531
|
| Deferred tax provision |
(2,147)
|
153
|
| Stock compensation |
4,661
|
6,235
|
| Loss (gain) on sale of assets |
534
|
(938)
|
| Impairment of long-lived assets |
0
|
2,235
|
| Restructuring costs |
2,632
|
0
|
| Other |
0
|
287
|
| Changes in operating assets and liabilities: |
|
|
| Trade accounts receivable |
(140,615)
|
(147,330)
|
| Inventories |
(278,117)
|
(355,242)
|
| Prepaid expenses and other current assets |
(10,090)
|
(7,914)
|
| Income tax receivable |
6,665
|
(7,507)
|
| Other assets |
858
|
(215)
|
| Trade accounts payable |
102,324
|
160,514
|
| Contingent consideration |
0
|
(797)
|
| Accrued expenses |
21,845
|
6,124
|
| Income taxes payable |
(2,678)
|
(3,705)
|
| Long-term liabilities |
(2,370)
|
3,875
|
| Net cash used in operating activities |
(289,616)
|
(328,387)
|
| Cash flows from investing activities: |
|
|
| Purchases of property and equipment |
(31,626)
|
(36,484)
|
| Purchases of tangible, intangible, and other assets, net |
0
|
(4,700)
|
| Proceeds from sale of assets |
0
|
2,435
|
| Net cash used in investing activities |
(31,626)
|
(38,749)
|
| Cash flows from financing activities: |
|
|
| Proceeds from issuance of short-term borrowings |
302,801
|
342,335
|
| Proceeds from issuance of stock under ESPP |
412
|
0
|
| Repayments of short-term borrowings |
(91,900)
|
(30,896)
|
| Cash paid for shares withheld for taxes |
(4,037)
|
(413)
|
| Excess tax benefit from stock compensation |
1,084
|
59
|
| Cash paid for repurchases of common stock |
0
|
(69,201)
|
| Contingent consideration paid |
(19,784)
|
(161)
|
| Repayment of mortgage principal |
(252)
|
(239)
|
| Net cash provided by financing activities |
188,324
|
241,484
|
| Effect of exchange rates on cash |
(2,991)
|
284
|
| Net change in cash and cash equivalents |
(135,909)
|
(125,368)
|
| Cash and cash equivalents at beginning of period |
245,956
|
225,143
|
| Cash and cash equivalents at end of period |
110,047
|
99,775
|
| Cash paid (refunded) during the period for: |
|
|
| Income taxes, net of $6,592 payments in fiscal year 2017 |
(9,407)
|
6,582
|
| Income taxes paid |
6,592
|
|
| Interest |
2,289
|
785
|
| Non-cash investing and financing activities: |
|
|
| Accrued for purchases of property and equipment |
1,875
|
2,621
|
| Accrued for asset retirement obligations |
517
|
558
|
| Accrued for shares withheld for taxes |
$ 6
|
$ 0
|