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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Operating Activities:    
Net income $ 136,025 $ 202,329
Adjustment to reconcile net income to net cash from operating activities:    
Depreciation and amortization 71,815 65,109
Stock-based compensation expense 2,440 3,098
Deferred income taxes (11,990) 7,321
Loss (gain) on disposal of property and equipment (433) 278
Loss from equity-method investments 703 107
Changes in operating assets and liabilities, excluding acquisitions:    
Accounts receivable 55,529 29,791
Inventories (43,785) (87,461)
Accounts payable and accrued expenses (68,138) (4,474)
Income taxes payable (42,520) (33,345)
Other assets (31,796) (30,271)
Other liabilities 46,908 44,515
Net cash provided by operating activities 114,758 196,997
Investing Activities:    
Purchases of property and equipment (102,062) (94,083)
Purchase of business, net of cash and debt acquired (9,907) (12,317)
Purchases of investment securities (1,123,023) (1,102,776)
Redemptions of investment securities 1,167,425 881,372
Other investing activities 1,956 (950)
Net cash used in investing activities (65,611) (328,754)
Financing Activities:    
Dividends paid (58,335) (58,196)
Net change of equity awards 781 3,515
Purchase of treasury stock 0 (811)
Principle payments of debt 0 (1,893)
Payments of tax withholdings for vested restricted stock units (1,381) (790)
Net cash used in financing activities (58,935) (58,175)
Effect of exchange rate on cash (303) (3,265)
Decrease in cash and cash equivalents (10,091) (193,197)
Cash, cash equivalents, and restricted cash at beginning of period 400,625 547,415
Cash, cash equivalents, and restricted cash at end of period 390,534 354,218
Reconciliation of cash, cash equivalents, and restricted cash to the Balance Sheet    
Cash and cash equivalents 362,788 354,218
Restricted cash 27,746 0
Total cash, cash equivalents, and restricted cash to the Balance Sheet $ 390,534 $ 354,218