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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Operating Activities:    
Net income (loss) $ 202,329 $ (26,910)
Adjustment to reconcile net income (loss) to net cash from operating activities:    
Depreciation and amortization 65,109 38,258
Stock-based compensation expense 3,098 2,527
Deferred income taxes 7,321 40,666
Loss on disposal of property and equipment 278 60
Loss from equity-method investments 107
Changes in operating assets and liabilities, excluding acquisitions:    
Accounts receivable 29,791 (3,499)
Inventories (87,461) 28,152
Accounts payable and accrued expenses (4,474) (55,523)
Income taxes payable (33,345) 81,159
Other assets (30,271) 36,297
Other liabilities 44,515 19,763
Net cash provided by operating activities 196,997 160,950
Investing Activities:    
Purchases of property and equipment (94,083) (65,249)
Purchase of business, net of cash and debt acquired (12,317) (150,277)
Purchases of investment securities (1,102,776) (1,476,235)
Redemptions of investment securities 881,372 1,466,490
Other investing activities (950) (959)
Net cash used in investing activities (328,754) (226,230)
Financing Activities:    
Dividends paid (58,196) (56,359)
Proceeds from exercise of stock options 3,515 4,369
Purchase of treasury stock (811)
Principle payments of debt (1,893)
Payments of tax withholdings for vested restricted stock units (790) (498)
Net cash used in financing activities (58,175) (52,488)
Effect of exchange rate on cash (3,265) 3,307
Decrease in cash and cash equivalents (193,197) (114,461)
Cash and cash equivalents at beginning of period 547,415 578,634
Cash and cash equivalents at end of period $ 354,218 $ 464,173