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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net earnings $ 52,335 $ 5,747
Adjustments to reconcile net earnings to net cash provided by operations:    
Depreciation and amortization 30,933 31,235
Deferred income tax expense 15,529 909
Gain on the sale of assets (13,086) (63,394)
Impairment and Restructuring provision 5,626 16,080
Loss from equity investment 93
401(k) match stock contribution 94 1,773
Changes in operating assets and liabilities (net of acquisitions):    
Accounts receivable (33,290) (5,326)
Inventories 90,053 142,271
Other current assets (4,332) (1,029)
Accounts payable, accrued expenses, and other liabilities (13,509) (31,071)
Income taxes (3,129) (79)
Net cash provided by operating activities 127,317 97,116
Cash flows from investing activities:    
Additions to property, plant, and equipment (65,686) (37,728)
Proceeds from life insurance 343
Proceeds from the sale of assets 22,529 104,387
Net cash (used in) provided by investing activities (43,157) 67,002
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 494,098 504,381
Payments of long-term debt (542,778) (664,108)
Payments on financing leases (6,437)
Change in other assets (17,125) (33)
Purchase of treasury stock (12,673) (7,957)
Preferred stock dividends paid (23) (23)
Net cash used in financing activities (84,938) (167,740)
Net decrease in cash and cash equivalents (778) (3,622)
Cash and cash equivalents, beginning of year 11,480 15,102
Cash and cash equivalents, end of year 10,702 11,480
Supplemental disclosures of cash flow information:    
Interest 10,836 15,424
Income taxes paid 573 173
Noncash transactions:    
Investment in CraftAg. LLC via contribution of plant 7,975
Property, plant and equipment issued under finance and operating leases $ 10,843 $ 4,199