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Acquisitions and Divestitures (Tables)
9 Months Ended
Dec. 31, 2013
Business Combinations [Abstract]  
Summary of Fair Values of the Assets Acquired and Liabilities Assumed [Table Text Block]
The following table summarizes the estimated fair values of the assets acquired and liabilities assumed related to fiscal 2014 acquisitions, as well as adjustments to finalize the valuations of certain prior year acquisitions. Valuation adjustments related to prior year acquisitions were not significant.
(In thousands)
Distribution
Business
Segment
 
All Other
Operations
Business Segment
 
Total
Current assets, net
$
12,485

 
$
9

 
$
12,494

Plant and equipment
41,249

 
(746
)
 
40,503

Goodwill
82,369

 
(216
)
 
82,153

Other intangible assets
56,439

 

 
56,439

Current liabilities
(8,707
)
 
1,367

 
(7,340
)
Non-current liabilities
(3,118
)
 

 
(3,118
)
Net assets acquired
$
180,717

 
$
414

 
$
181,131

Pro Forma Operating Results [Table Text Block]
The following table provides unaudited pro forma results of operations for the nine months ended December 31, 2013 and 2012, as if fiscal 2014 acquisitions had occurred on April 1, 2012. The pro forma results were prepared from financial information obtained from the sellers of the businesses, as well as information obtained during the due diligence process associated with the acquisitions. The unaudited pro forma results reflect certain adjustments related to the acquisitions, such as increased depreciation and amortization expense resulting from the stepped-up basis to fair value of assets acquired and adjustments to reflect the Company’s borrowing and tax rates. The pro forma operating results do not include any anticipated synergies related to combining the businesses. Accordingly, such pro forma operating results were prepared for comparative purposes only and do not purport to be indicative of what would have occurred had the acquisitions been made as of April 1, 2012 or of results that may occur in the future.
 
Nine Months Ended
 
December 31,
(In thousands, except per share amounts)
2013
 
2012
Net sales
$
3,844,583

 
$
3,745,623

Net earnings
264,250

 
256,964

Diluted earnings per share
$
3.53

 
$
3.26