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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities      
Net earnings $ 119,833 $ 158,223 $ 131,824
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 54,317 53,945 55,994
Write-off of assets relating to restructuring and other exit charges 3,736 1,435 3,800
Non-cash write-off of property, plant and equipment 0 6,300 0
Impairment of goodwill 0 12,216 31,411
Impairment of indefinite-lived intangibles and fixed assets 0 1,800 4,841
Derivatives not designated in hedging relationships:      
Net (gains) losses (180) 471 409
Cash proceeds (settlements) 43 (1,225) 648
Provision for doubtful accounts 822 1,794 4,749
Deferred income taxes (20,313) 1,455 (753)
Legal proceedings accrual / (reversal of legal accrual, net of fees) 0 23,725 (799)
Non-cash interest expense 1,603 1,388 2,794
Stock-based compensation 19,453 19,185 19,603
Loss (gain) on sale of facility 0 0 (4,348)
Gain on disposal of fixed assets 116 (7) (114)
Changes in assets and liabilities, net of effects of acquisitions:      
Accounts receivable (32,242) (13,535) 31,142
Inventories (38,075) (42,792) 11,667
Prepaid and other current assets 14,470 3,721 4,751
Other assets (1,150) 2,034 (331)
Accounts payable 21,266 845 12,178
Accrued expenses (26,614) 9,333 (4,739)
Other liabilities 93,963 5,719 2,844
Net cash provided by operating activities 211,048 246,030 307,571
Cash flows from investing activities      
Capital expenditures (69,832) (50,072) (55,880)
Purchase of businesses, net of cash acquired (2,988) (12,392) (35,439)
Proceeds from sale of facility 0 0 9,179
Proceeds from disposal of property, plant, and equipment 463 631 1,217
Net cash used in investing activities (72,357) (61,833) (80,923)
Cash flows from financing activities      
Net increase (decrease) in short-term debt 214 (4,600) 4,233
Proceeds from 2017 Term Loan 150,000 0 0
Proceeds from Notes 0 0 300,000
Repayments of 2011 Term Loan (127,500) (15,000) (7,500)
Repayments of Convertible Notes 0 0 (172,266)
Debt issuance costs (2,677) 0 (5,031)
Capital lease obligations and other (29) (98) (127)
Proceeds from the issuance of common stock 958 3 4
Payment of taxes related to net share settlement of equity awards (7,489) (7,447) (15,209)
Excess tax benefits from exercise of stock options and vesting of equity awards 0 0 4,291
Purchase of treasury stock (121,191) 0 (178,244)
Dividends paid to stockholders (29,674) (30,400) (30,880)
Net cash used by financing activities (166,888) (62,542) (105,729)
Effect of exchange rate changes on cash and cash equivalents 49,986 (18,633) 7,467
Net increase in cash and cash equivalents 21,789 103,022 128,386
Cash and cash equivalents at beginning of year 500,329 397,307 268,921
Cash and cash equivalents at end of year 522,118 500,329 397,307
2017 Revolver borrowings      
Cash flows from financing activities      
Proceeds from Revolver borrowings 379,750 0 0
Repayments of Revolver borrowings (244,250) 0 0
2011 Revolver borrowings      
Cash flows from financing activities      
Proceeds from Revolver borrowings 147,050 262,000 355,800
Repayments of Revolver borrowings $ (312,050) $ (267,000) $ (360,800)