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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities    
Net income (loss) $ 70,668 $ (227,451)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 35,781 16,694
Deferred income taxes (2,357) 2,191
Loss on disposal of assets and costs from exit and disposal activities 1,647 707
ESOP and stock-based compensation 12,462 7,425
ESOP special dividend compensation   246,752
Amortization of deferred financing charges 98 174
Fair market value adjustments to derivatives (1,082) 1,789
Equity in net income of unconsolidated affiliates (173) (434)
Other operating activities 269 (2,880)
Changes in working capital:    
Receivables (42,093) (44,494)
Inventories 44,140 34,803
Prepaid expenses and other current assets (3,520) (3,089)
Accounts payable, accrued expenses, and other liabilities 17,893 30,653
Net cash provided by operating activities 133,733 62,840
Cash Flows from Investing Activities    
Capital expenditures (10,295) (9,723)
Other investing activities 435 (13)
Net cash used in investing activities (9,860) (9,736)
Cash Flows from Financing Activities    
Payments on syndicated Term Loan Facility (1,750)  
Payments on Credit Agreement (50,000)  
Payments on finance lease obligations (5,700) (6,047)
Cash dividends paid (7,737) (69,641)
Proceeds from exercise of stock options 2,239 1,513
Other financing activities   (258)
Net cash used in financing activities (62,948) (52,633)
Effect of exchange rate changes on cash 52 (5)
Net change in cash 60,977 466
Cash at beginning of period 174,233 8,891
Cash at end of period 235,210 9,357
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash (refund) paid for income taxes (19) 535
Cash paid for interest 6,934 3,920
Non-cash operating, investing and financing activities:    
Acquisition of property, plant and equipment under finance lease and incurred lease obligations 1,278 296
Balance in accounts payable for the acquisition of property, plant and equipment $ 3,772 4,364
PNC Credit Agreement [Member]    
Cash Flows from Financing Activities    
Payments on Credit Agreement   (115,600)
Proceeds from Credit Agreement   $ 137,400