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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2024
Dec. 31, 2023
OPERATING ACTIVITIES:    
Net income (loss) $ (2,454) $ 34,816
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:    
Depreciation and amortization 36,230 34,052
Deferred income taxes and related valuation allowance (15,089) (6,495)
Net loss (gain) on sale of real estate, investments and other (617) (967)
Non-cash pension settlement (See Note 10) 23,634 4,599
Stock-based compensation 6,677 8,473
Amortization of deferred financing costs 1,865 1,728
Impairment of operating lease 3,268 0
Loss (gain) on hedging instruments (321) 1,193
Loss (gain) on disposal of Fixed Assets 394 0
Non-cash lease expense 7,657 7,080
Changes in operating assets and liabilities, net of effects of business acquisitions:    
Trade accounts receivable 10,255 (14,911)
Inventories (18,894) (17,764)
Prepaid expenses and other (14,565) (2,897)
Other assets 486 (859)
Trade accounts payable (8,061) (1,387)
Accrued liabilities (15,240) (7,236)
Non-current liabilities (5,225) (10,834)
Net cash provided by (used for) operating activities 10,000 28,591
INVESTING ACTIVITIES:    
Proceeds from sales of marketable securities 4,301 1,101
Purchases of marketable securities (3,257) (2,731)
Capital expenditures (15,266) (16,334)
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 (14,222) (125,965)
FINANCING ACTIVITIES:    
Proceeds from the issuance of common stock 364 556
Purchases of treasury stock (9,945) 0
Repayment of debt (45,495) (40,447)
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 17,753 18,088
Cash outflows from hedging activities (17,360) (19,303)
Payment of dividends (6,039) (6,027)
Other (1,897) (2,237)
Net cash provided by (used for) financing activities (69,499) 67,771
Effect of exchange rate changes on cash 819 (628)
Net change in cash and cash equivalents (72,902) (30,231)
Cash, cash equivalents, and restricted cash at beginning of year 114,376 133,426
Cash, cash equivalents, and restricted cash at end of period 41,474 103,195
Supplementary cash flow data:    
Interest paid 22,511 25,332
Income taxes paid, net of refunds 16,752 21,561
Property, plant and equipment purchases included in trade accounts payable 73 135
Restricted cash presented in Other assets $ 250 $ 250