Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands |
6 Months Ended |
Sep. 30, 2016 |
Sep. 30, 2015 |
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
| Net Earnings |
$ 105,581
|
$ 67,581
|
| Adjustments to Reconcile Net Earnings to Net Cash Provided by Operating Activities - |
|
|
| Depreciation, Depletion and Amortization |
45,249
|
49,034
|
| Impairment of Intangible Assets |
|
28,354
|
| Inventory Adjustment to Net Realizable Value |
8,492
|
9,382
|
| Deferred Income Tax Provision |
2,125
|
(18,413)
|
| Stock Compensation Expense |
6,158
|
8,330
|
| Excess Tax Benefits from Share Based Payment Arrangements |
(5,494)
|
(2,494)
|
| Equity in Earnings of Unconsolidated Joint Venture |
(20,127)
|
(19,510)
|
| Distributions from Joint Venture |
21,750
|
17,250
|
| Changes in Operating Assets and Liabilities: |
|
|
| Accounts and Notes Receivable |
(33,506)
|
(39,379)
|
| Inventories |
17,521
|
3,806
|
| Accounts Payable and Accrued Liabilities |
3,337
|
(1,536)
|
| Other Assets |
(1,005)
|
534
|
| Income Taxes Payable |
10,071
|
4,650
|
| Net Cash Provided by Operating Activities |
160,152
|
107,589
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
| Property, Plant and Equipment Additions |
(18,231)
|
(55,869)
|
| Acquisition Spending |
|
(32,427)
|
| Net Cash Used in Investing Activities |
(18,231)
|
(88,296)
|
| CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
| Repayment of Credit Facility |
(382,000)
|
(3,000)
|
| Issuance of Long-term Debt |
350,000
|
|
| Payment of Debt Issuance Costs |
(6,637)
|
|
| Dividends Paid to Stockholders |
(9,677)
|
(10,061)
|
| Shares Redeemed to Settle Employee Taxes on Stock Compensation |
(2,965)
|
(1,728)
|
| Purchase and Retirement of Common Stock |
(60,013)
|
(10,744)
|
| Proceeds from Stock Option Exercises |
12,992
|
2,580
|
| Excess Tax Benefits from Share Based Payment Arrangements |
5,494
|
2,494
|
| Net Cash Used in Financing Activities |
(92,806)
|
(20,459)
|
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS |
49,115
|
(1,166)
|
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD |
5,391
|
7,514
|
| CASH AND CASH EQUIVALENTS AT END OF PERIOD |
$ 54,506
|
$ 6,348
|