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Acquisitions and Divestitures (Tables)
 12 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2012
Business Combinations [Abstract]      
Schedule of Recognized Identified 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
$
14,631

 
$
9

 
$
14,640

Plant and equipment
48,919

 
(746
)
 
48,173

Goodwill
95,626

 
(216
)
 
95,410

Other intangible assets
60,190

 
—

 
60,190

Current liabilities
(6,088
)
 
1,366

 
(4,722
)
Non-current liabilities
(8,321
)
 
—

 
(8,321
)
Net assets acquired
$
204,957

 
$
413

 
$
205,370
The following table summarizes, as of March 31, 2013, the fair values of the assets acquired and liabilities assumed related to fiscal 2013 acquisitions, as well as adjustments to finalize the valuations of certain prior year acquisitions. Valuation adjustments related to prior year acquisitions were not material.
(In thousands)
Distribution
Business
Segment
 
All Other
Operations
Business Segment
 
Total
Current assets, net
$
14,627

 
$
548

 
$
15,175

Plant and equipment
24,191

 
1,018

 
25,209

Goodwill
31,104

 
3,101

 
34,205

Other intangible assets
38,658

 
2,155

 
40,813

Current liabilities
(10,990
)
 
(2,134
)
 
(13,124
)
Non-current liabilities
(4,035
)
 
(722
)
 
(4,757
)
Net assets acquired
$
93,555

 
$
3,966

 
$
97,521
(In thousands)
Distribution Business Segment
 
All Other Operations Business Segment
 
Total
Current assets, net
$
17,390

 
$
5,017

 
$
22,407

Plant and equipment
54,505

 
15,487

 
69,992

Goodwill
42,073

 
7,829

 
49,902

Other intangible assets
34,486

 
7,230

 
41,716

Current liabilities
(13,386
)
 
(1,026
)
 
(14,412
)
Non-current liabilities
(5,937
)
 
(3,553
)
 
(9,490
)
Net assets acquired
$
129,131

 
$
30,984

 
$
160,115
Pro Forma Operating Results
The following table provides unaudited pro forma results of operations for fiscal 2014 and 2013, 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.
 
Unaudited
 
Years Ended March 31,
(In thousands, except per share amounts)
2014
 
2013
Net sales
$
5,122,936

 
$
5,037,123

Net earnings
352,421

 
343,933

Diluted earnings per share
$
4.70

 
$
4.39
The following table provides unaudited pro forma results of operations for fiscal 2013 and 2012, as if fiscal 2013 acquisitions had occurred on April 1, 2011. The 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, 2011 or of results that may occur in the future.
 
Unaudited
 
Years Ended March 31,
(In thousands, except per share amounts)
2013
 
2012
Net sales
$
5,016,152

 
$
4,816,254

Net earnings
343,191

 
312,730

Diluted earnings per share
$
4.38

 
$
3.99