XML 69 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
12 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities:      
Net earnings (loss) $ 131.9 $ (22.8) $ 38.8
Adjustments to reconcile net earnings (loss) with net cash provided by operating activities:      
Depreciation and amortization 58.1 55.8 57.7
Insurance proceeds from Airedale fire 16.9 0 0
Pension and postretirement expense 3.2 1.9 5.0
Impairment charges 3.2 25.9 2.5
Loss from disposition of property, plant and equipment 2.6 2.5 0.6
Deferred income taxes (116.1) 0.6 1.9
Stock-based compensation expense 3.6 3.1 1.6
Other - net (0.5) 4.1 2.7
Changes in operating assets and liabilities, excluding acquisitions:      
Trade accounts receivable (18.2) 15.1 (7.5)
Inventories (0.1) (0.8) (3.1)
Other current assets (1.9) (6.8) (10.5)
Accounts payable 15.2 (3.2) (14.6)
Accrued compensation and employee benefits 17.5 1.9 (10.5)
Income taxes (0.2) (1.3) 0.5
Other current liabilities (3.2) (16.7) (6.5)
Other noncurrent assets and liabilities (7.5) (10.5) (12.8)
Net cash provided by operating activities 104.5 48.8 45.8
Cash flows from investing activities:      
Expenditures for property, plant and equipment (53.1) (49.8) (64.4)
Insurance proceeds from Airedale fire 20.7 0 0
Costs to replace building and equipment damaged in Airedale fire (4.2) 0 0
Acquisitions - net of cash acquired (7.8) (4.9) 0
Proceeds from dispositions of assets 2.9 0.4 1.3
Other - net 0 (1.6) (1.9)
Net cash used for investing activities (41.5) (55.9) (65.0)
Cash flows from financing activities:      
Borrowings of debt 152.6 166.7 134.4
Repayments of debt (152.4) (167.1) (116.2)
Financing fees paid (0.9) 0 (0.4)
Dividend paid to noncontrolling interest (0.5) 0 0
Other - net (0.3) 0.7 1.0
Net cash (used for) provided by financing activities (1.5) 0.3 18.8
Effect of exchange rate changes on cash 1.9 (0.8) (1.1)
Net increase (decrease) in cash and cash equivalents 63.4 (7.6) (1.5)
Cash and cash equivalents at beginning of year 23.8 31.4 32.9
Cash and cash equivalents at end of year $ 87.2 $ 23.8 $ 31.4