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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:      
Net earnings $ 185.5 $ 163.4 $ 153.6
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 77.7 56.1 54.5
Stock-based compensation expense 26.4 10.8 6.6
Deferred income taxes 6.5 6.2 (59.6)
Gain on sale of assets 0.0 (4.0) 0.0
Other - net 6.9 6.1 4.8
Changes in operating assets and liabilities:      
Trade accounts receivable (61.2) (8.3) (40.7)
Inventories 13.6 (17.3) (49.4)
Accounts payable 10.5 (59.1) 10.2
Accrued compensation and employee benefits 1.6 15.2 6.4
Contract liabilities (44.5) 58.3 10.3
Other assets 15.3 12.0 19.6
Other liabilities (25.0) (24.8) (8.8)
Net cash provided by operating activities 213.3 214.6 107.5
Cash flows from investing activities:      
Expenditures for property, plant and equipment (84.0) (87.7) (50.7)
Payments for business acquisitions (3.4) (186.2) 0.0
Purchase of TMGcore, Inc. technology and related assets (see Note 2) 0.0 (12.0) 0.0
Proceeds from (payments for) disposition of assets 0.8 (0.8) 0.3
Other - net 0.0 3.3 0.0
Net cash used for investing activities (86.6) (283.4) (50.4)
Cash flows from financing activities:      
Borrowings of debt 414.5 332.5 374.3
Repayments of debt (496.3) (260.4) (403.4)
(Repayments) borrowings on bank overdraft facilities - net (0.7) 6.3 3.0
Purchases of treasury stock (30.9) (17.7) (9.0)
Dividends paid to noncontrolling interest (1.1) (0.5) (0.6)
Other - net 0.9 2.5 2.4
Net cash (used for) provided by financing activities (113.6) 62.7 (33.3)
Effect of exchange rate changes on cash (1.5) (0.8) (2.0)
Net increase (decrease) in cash, cash equivalents and restricted cash 11.6 (6.9) 21.8
Cash, cash equivalents and restricted cash - beginning of period 60.3 67.2 45.4
Cash, cash equivalents and restricted cash - end of period $ 71.9 $ 60.3 $ 67.2