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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
shares in Thousands, $ in Thousands
9 Months Ended 12 Months Ended
Dec. 31, 2015
Mar. 31, 2015
Mar. 31, 2014
Operating Activities      
Net income [1],[2] $ 186,330 $ 194,999 $ 117,205
Net income from discontinued operations [2] (1,008) (125,049) (181,463)
Income (loss) from continuing operations, before noncontrolling interest [1],[2] 185,322 69,950 (64,258)
Adjustments to reconcile income (loss) from continuing operations to cash provided by operating activities of continuing operations:      
Depreciation [2] 89,374 72,843 69,192
Amortization of intangible assets [2] 33,371 9,263 3,112
Amortization of debt discount [2] 0 3,212 7,364
Amortization and write-off of deferred financing costs [2] 12,666 5,157 10,222
Goodwill impairment [1],[2] 0 34,300 3,700
Fixed Asset impairment [2] 7,619 17,559 23,369
Loss on the extinguishment of debt [1],[2] 0 26,626 0
Deferred income taxes [2] 57,587 12,378 (113,001)
Forward loss [2] 0 0 342,000
Loss on disposal of property [2] 11,197 2,114 594
Share-based plans expense [2] 19,589 25,325 12,701
Excess tax benefits from share-based plans [2] (4,997) (7,004) (833)
Changes in assets and liabilities:      
Net receivables [2] 16,839 9,736 79,827
Net inventories [2] (15,598) 13,570 (63,437)
Accounts payable [2] (29,276) 55,710 (71,314)
Contract advances and allowances [2] (1,152) (5,635) (44,107)
Contract loss reserve [2] (26,697) (74,468) (45,060)
Accrued compensation [2] (10,243) (31,293) (16,362)
Contract-related liabilities [2] (19,435) 94,520 (13,725)
Pension and other postretirement benefits [2] (3,736) (41,569) 70,750
Other assets and liabilities [2] (19,028) (101,439) (28,773)
Cash provided by operating activities of continuing operations [2] 303,402 190,855 161,961
Cash provided by operating activities of discontinued operations [2] 0 120,476 226,060
Cash provided by operating activities [2] 303,402 311,331 388,021
Investing Activities      
Capital expenditures [2] (104,634) (112,704) (105,730)
Cash acquired in Merger with Orbital [2] 0 253,734 0
Cash dividend (refunded to) received from Vista Outdoor, net of cash transferred to Vista Outdoor in conjunction with the Distribution of Sporting Group [2] (6,500) 188,878 0
Proceeds from the disposition of property plant and equipment [2] 40 2,290 5,488
Cash (used for) provided by investing activities of continuing operations [2] (111,094) 332,198 (100,242)
Cash used for investing activities of discontinued operations [2] 0 (30,585) (1,341,747)
Cash (used for) provided by investing activities [2] (111,094) 301,613 (1,441,989)
Financing Activities      
Credit facility borrowings [2] 745,000 878,000 280,000
Credit facility payments [2] (745,000) (878,000) (280,000)
Payments made on bank debt [2] (24,999) (58,249) (38,263)
Payments made to extinguish debt [2] (1,273,502) (777,220) (510,000)
Proceeds from issuance of long-term debt [2] 1,200,000 150,000 1,560,000
Payments made for debt issue costs [2] (10,262) (1,008) (21,641)
Purchase of treasury shares [2] (81,344) (16,788) (53,270)
Dividends paid [2] (46,103) (41,056) (35,134)
Proceeds from employee stock compensation plans [2] 3,684 0 729
Excess tax benefits from share-based plans [2] 4,997 7,004 833
Cash (used for) provided by financing activities of continuing operations [2] (227,529) (737,317) 903,254
Effect of foreign currency exchange rate fluctuations on cash [2] 0 (3,006) 58
Decrease in cash and cash equivalents [2] (35,221) (127,379) (150,656)
Cash and cash equivalents at beginning of period [2] 139,253 [3] 266,632 417,288
Cash and cash equivalents at end of period [2] 104,032 [3] 139,253 [3] 266,632
Supplemental Cash Flow Disclosures      
Cash paid for interest, net [2] 40,900 77,630 54,426
Cash paid for income taxes, net [2] $ 26,458 $ 143,108 $ 136,295
Noncash financing activity:      
Issuance of shares for noncash assets and liabilities of Orbital [2] 0 1,504,243 0
Noncash investing activity:      
Capital expenditures included in accounts payable of continuing operations [2] $ 4,515 $ 2,567 $ 8,645
[1] See Note 2 - Restatement
[2] See Note 2 - Restatement
[3] See Note 2 - Restatement