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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:    
Net income (loss) $ (43,741) $ 72,899
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 106,853 77,164
Deferred income taxes (37,628) (7,875)
Write-off of deferred debt financing fees 0 660
Discount amortization on long-term debt 973 3,212
Loss on disposal of assets 23,856 25,594
Gain on sale of unconsolidated affiliates 0 (3,921)
Loss on impairment 27,713 7,167
Stock-based compensation 16,641 13,651
Equity in earnings from unconsolidated affiliates less than dividends received 2,227 4,196
Tax benefit related to stock-based compensation (44) (1,642)
Increase (decrease) in cash resulting from changes in:    
Accounts receivable 31,858 (11,350)
Inventories (5,555) (15,578)
Prepaid expenses and other assets (2,645) (13,354)
Accounts payable (2,527) 19,353
Accrued liabilities (46,289) 4,547
Other liabilities and deferred credits (16,008) (12,313)
Net cash provided by operating activities 55,684 162,410
Cash flows from investing activities:    
Capital expenditures (343,365) (499,285)
Proceeds from asset dispositions 19,152 404,361
Proceeds from sale of unconsolidated affiliates 0 4,185
Net cash used in investing activities (324,213) (90,739)
Cash flows from financing activities:    
Proceeds from borrowings 910,421 347,860
Repayment of debt (567,121) (373,169)
Partial prepayment of put/call obligation (42) (46)
Acquisition of noncontrolling interest (7,311) (3,170)
Dividends paid to noncontrolling interest (153) 0
Payment of contingent consideration (8,000) 0
Repurchase of common stock 0 (80,831)
Common stock dividends paid (35,627) (33,935)
Issuance of common stock 0 2,217
Tax benefit related to stock-based compensation 44 1,642
Net cash provided by (used in) financing activities 292,211 (139,432)
Effect of exchange rate changes on cash and cash equivalents 4,080 (15,214)
Net increase (decrease) in cash and cash equivalents 27,762 (82,975)
Cash and cash equivalents at beginning of period 104,146 204,341
Cash and cash equivalents at end of period 131,908 121,366
Cash paid during the period for:    
Interest 36,453 36,268
Income taxes 21,073 28,902
Supplemental disclosure of non-cash investing activities:    
Deferred sale leaseback advance 18,285 69,680
Completion of deferred sale leaseback (74,480) (183,688)
Accrued proceeds on insurance claim 0 7,604
Aircraft purchased with short-term borrowings $ 14,794 $ 0