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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:    
Net income (loss) $ (30,156) $ 1,901
Adjustments to reconcile net income (loss) to net cash used for operating activities:    
Depreciation and amortization 10,264 7,125
Amortization of inventory step-up 9,830 12,237
Accretion of asset retirement obligation 95 20
Accretion of contingent earn-out consideration 44 0
Accretion of investment discount 0 (69)
Impairment of property, plant and equipment 1,398 0
Impairment of goodwill 1,390 0
Provision for accounts receivable allowances 4,386 2,977
Deferred tax (benefit) provision 10,050 (3,555)
Share-based compensation expense 1,694 1,386
Loss (gain) on sale or disposal of assets 4 (14)
Changes in assets and liabilities, net of effects of purchase of a business:    
Accounts receivable (60,718) (62,905)
Inventories (2,222) 14,147
Prepaid expenses and other assets (530) 85
Accounts payable 15,865 5,948
Accrued expenses and long-term obligations 4,093 10,312
Net cash used for operating activities (34,513) (10,405)
Cash flows from investing activities:    
Maturities of investment securities 0 20,000
Final payment of purchase price for a business previously acquired (2,500) 0
Purchase of a business (2,500) (65,228)
Purchase of property, plant and equipment (7,757) (3,964)
Purchase of company owned life insurance policy (750) (750)
Proceeds from sale of fixed assets 0 14
Net cash used for investing activities (13,507) (49,928)
Cash flows from financing activities:    
Borrowings on notes payable 33,695 78,781
Payments on notes payable (15,000) (30,350)
Payments on long-term debt (136) (200)
Dividends paid (5,401) (5,469)
Purchase of treasury stock (4,372) 0
Proceeds from exercise of stock options, net of tax withholdings 0 201
Payment of financing transaction costs (425) 0
Net cash provided by financing activities 8,361 42,963
Effect of exchange rate changes on cash 16 (26)
Net decrease in cash and cash equivalents (39,643) (17,396)
Cash and cash equivalents at beginning of period 58,560 47,693
Cash and cash equivalents at end of period $ 18,917 $ 30,297