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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating Activities    
Net (loss) income $ (309,275) $ 59,158 [1]
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 50,700 74,269 [1]
Impairment of long-lived assets 252,382  
Amortization of acquired contract liability (28,150) (39,556)
Loss (gain) on sale of assets and businesses 747 (4,829) [1]
Curtailments and special termination benefits gain, net   (14,373)
Other amortization included in interest expense 19,721 6,955
Provision for credit losses 4,689 1,140
Provision for deferred income taxes   15,159
Share-based compensation 5,407 5,290
Changes in other assets and liabilities, excluding the effects of acquisitions and divestitures:    
Trade and other receivables 117,434 29,436
Contract assets 15,871 33,930
Inventories (26,945) (41,807)
Prepaid expenses and other current assets 2,938 16,209
Accounts payable, accrued expenses, and contract liabilities (319,444) (121,112)
Accrued pension and other postretirement benefits (24,920) (30,483)
Other, net (878) 21
Net cash used in operating activities (239,723) (10,593)
Investing Activities    
Capital expenditures (12,804) (16,995)
Proceeds from (payments on) sale of assets and businesses 1,521 (574)
Net cash used in investing activities (11,283) (17,569)
Financing Activities    
Net decrease in revolving credit facility (400,000) (147,615)
Proceeds from issuance of long-term debt 713,900 546,000
Retirement of debt and finance lease obligations (92,843) (415,447)
Payment of deferred financing costs (17,342) (16,275)
Dividends paid   (4,001)
Repurchase of restricted shares for minimum tax obligations (495) (1,048)
Net cash provided by (used in) financing activities 203,220 (38,386)
Effect of exchange rate changes on cash 2,534 (1,407)
Net change in cash and cash equivalents (45,252) (67,955)
Cash and cash equivalents at beginning of period 485,463 92,807
Cash and cash equivalents at end of period $ 440,211 $ 24,852
[1]

As adjusted; refer to Note 1.