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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES:    
Net income (loss) $ 34,816 $ 34,534
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:    
Depreciation and amortization 34,052 31,380
Deferred income taxes and related valuation allowance (6,495) (783)
Net loss (gain) on sale of real estate, investments and other (967) 347
Non-cash pension settlement (See Note 10) 4,599 0
Stock-based compensation 8,473 7,039
Amortization of deferred financing costs 1,728 1,291
Loss (gain) on hedging instruments 1,193 (598)
Gain on sale of building 0 (232)
Loss on retirement of fixed asset 0 175
Non-cash lease expense 7,080 5,814
Changes in operating assets and liabilities, net of effects of business acquisitions:    
Trade accounts receivable (14,911) (1,401)
Inventories (17,764) (31,701)
Prepaid expenses and other (2,897) 4,905
Other assets (859) (232)
Trade accounts payable (1,387) (18,756)
Accrued liabilities (7,236) (7,498)
Non-current liabilities (10,834) (7,382)
Net cash provided by (used for) operating activities 28,591 16,902
INVESTING ACTIVITIES:    
Proceeds from sales of marketable securities 1,101 2,650
Purchases of marketable securities (2,731) (3,121)
Capital expenditures (16,334) (9,511)
Proceeds from sale of building, net of transaction costs 0 373
Dividend received from equity method investment 144 313
Purchase of businesses, net of cash acquired (See Note 2) (108,145) (1,616)
Net cash provided by (used for) investing activities (125,965) (10,912)
FINANCING ACTIVITIES:    
Proceeds from the issuance of common stock 556 704
Purchases of treasury stock 0 (1,001)
Repayment of debt (40,447) (30,402)
Proceeds from issuance of long-term debt 120,000 0
Fees paid for borrowings on long-term debt (2,859) 0
Cash inflows from hedging activities 18,088 18,422
Cash outflows from hedging activities (19,303) (17,958)
Payment of dividends (6,027) (6,006)
Other (2,237) (1,398)
Net cash provided by (used for) financing activities 67,771 (37,639)
Effect of exchange rate changes on cash (628) (2,221)
Net change in cash and cash equivalents (30,231) (33,870)
Cash, cash equivalents, and restricted cash at beginning of year 133,426 115,640
Cash, cash equivalents, and restricted cash at end of period 103,195 81,770
Supplementary cash flow data:    
Interest paid 25,332 18,883
Income taxes paid, net of refunds 21,561 18,486
Property, plant and equipment purchases included in trade accounts payable 135 199
Restricted cash presented in Other assets $ 250 $ 250