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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:      
Net earnings (loss) $ 23.8 $ 14.9 $ (1.0)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:      
Depreciation and amortization 76.7 58.3 50.2
Stock-based compensation expense 9.5 7.4 4.9
Impairment charges 2.5 0.0 9.9
Gain on sale of facilities 0.0 (2.0) 0.0
Deferred income taxes 12.1 (4.6) (18.8)
Pension and postretirement expense 3.9 3.4 45.1
Insurance proceeds from Airedale fire 0.0 0.0 5.9
Other - net 5.1 0.5 0.1
Changes in operating assets and liabilities, excluding acquisitions:      
Trade accounts receivable (26.1) (25.7) 8.0
Inventories (12.5) (3.3) (2.7)
Accounts payable 25.2 19.9 (9.9)
Accrued compensation and employee benefits 16.4 (6.5) 0.8
Other assets (5.4) (2.5) (14.5)
Other liabilities (7.4) (18.2) (5.6)
Net cash provided by operating activities 123.8 41.6 72.4
Cash flows from investing activities:      
Expenditures for property, plant and equipment (71.0) (64.4) (62.8)
Acquisitions - net of cash acquired 0.0 (364.2) (1.4)
Proceeds from dispositions of assets 0.3 5.7 0.4
Purchases of short-term investments (5.5) (3.5) (2.7)
Proceeds from maturities of short-term investments 4.8 2.2 2.1
Insurance proceeds from Airedale fire 0.0 3.0 27.4
Costs to replace building and equipment damaged in Airedale fire 0.0 (1.0) (41.7)
Other - net (0.2) 0.0 0.9
Net cash used for investing activities (71.6) (422.2) (77.8)
Cash flows from financing activities:      
Borrowings of debt 171.0 559.1 38.0
Repayments of debt (222.9) (202.4) (27.1)
Dividend paid to noncontrolling interest (0.9) 0.0 (0.9)
Financing fees paid 0.0 (8.7) 0.0
Purchases of treasury stock under share repurchase program 0.0 0.0 (6.9)
Other - net 2.7 (0.4) (0.4)
Net cash (used for) provided by financing activities (50.1) 347.6 2.7
Effect of exchange rate changes on cash 3.0 (1.7) 1.1
Net increase (decrease) in cash and cash equivalents 5.1 (34.7) (1.6)
Cash and cash equivalents - beginning of year 34.2 68.9 70.5
Cash and cash equivalents - end of year $ 39.3 $ 34.2 $ 68.9