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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2024
Sep. 30, 2023
OPERATING ACTIVITIES:    
Net income (loss) $ (6,414) $ 25,088
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:    
Depreciation and amortization 24,028 22,482
Deferred income taxes and related valuation allowance (13,662) (6,097)
Net loss (gain) on sale of real estate, investments and other (650) (302)
Non-cash pension settlement (See Note 10) 23,201 0
Stock-based compensation 4,175 5,264
Amortization of deferred financing costs 1,244 1,106
Impairment of operating lease 3,268 0
Loss (gain) on hedging instruments (2) 554
Loss (gain) on disposal of Fixed Assets 418 0
Non-cash lease expense 5,202 4,684
Changes in operating assets and liabilities, net of effects of business acquisitions:    
Trade accounts receivable 2,384 (11,409)
Inventories (12,277) (22,415)
Prepaid expenses and other (11,714) (5,868)
Other assets 183 357
Trade accounts payable (10,711) (5,996)
Accrued liabilities (6,154) (3,085)
Non-current liabilities (3,889) (4,921)
Net cash provided by (used for) operating activities (1,370) (558)
INVESTING ACTIVITIES:    
Proceeds from sales of marketable securities 3,153 1,100
Purchases of marketable securities (1,993) (1,809)
Capital expenditures (10,068) (10,319)
Dividend received from equity method investment 0 144
Purchase of businesses, net of cash acquired (See Note 2) 0 (108,145)
Net cash provided by (used for) investing activities (8,908) (119,029)
FINANCING ACTIVITIES:    
Proceeds from the issuance of common stock 86 492
Purchases of treasury stock (4,945) 0
Repayment of debt (30,326) (25,294)
Proceeds from issuance of long-term debt 0 120,000
Fees paid for borrowings on long-term debt 0 (2,859)
Payment to former owners of montratec (see Note 2) (6,711) 0
Fees paid for debt repricing (169) 0
Cash inflows from hedging activities 11,862 12,084
Cash outflows from hedging activities (11,809) (12,660)
Payment of dividends (4,038) (4,015)
Other (1,789) (1,954)
Net cash provided by (used for) financing activities (47,839) 85,794
Effect of exchange rate changes on cash (326) (325)
Net change in cash and cash equivalents (58,443) (34,118)
Cash, cash equivalents, and restricted cash at beginning of year 114,376 133,426
Cash, cash equivalents, and restricted cash at end of period 55,933 99,308
Supplementary cash flow data:    
Interest paid 15,483 16,054
Income taxes paid, net of refunds 16,445 15,183
Property, plant and equipment purchases included in trade accounts payable 591 1,260
Restricted cash presented in Other assets $ 250 $ 250