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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net earnings $ 126,100 $ 52,335
Adjustments to reconcile net earnings to net cash provided by operations:    
Depreciation and amortization 32,375 30,933
Deferred income tax expense 16,650 15,529
Gain on the sale of assets (31,938) (13,086)
Restructuring provision 182 5,626
Loss from equity investment 11,453 93
401(k) match stock contribution 1,479 94
Changes in operating assets and liabilities (net of acquisitions):    
Accounts and contracts receivable 24,280 (33,290)
Inventories 68,487 90,053
Other current assets 4,083 (4,332)
Accounts payable, accrued expenses, and other liabilities (65,936) (13,509)
Income taxes (4,035) (3,129)
Net cash provided by operating activities 183,180 127,317
Cash flows from investing activities:    
Additions to property, plant, and equipment (71,431) (65,686)
Proceeds from the sale of assets 73,688 22,529
Net cash provided by (used in) investing activities 2,257 (43,157)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 478,059 494,098
Payments of long-term debt (597,055) (542,778)
Payments on financing leases (6,321) (6,437)
Change in other assets (6,604) (17,125)
Purchase of treasury stock (4,358) (12,673)
Preferred stock dividends paid (23) (23)
Net cash used in financing activities (136,302) (84,938)
Net increase (decrease) in cash and cash equivalents 49,135 (778)
Cash and cash equivalents, beginning of year 10,702 11,480
Cash and cash equivalents, end of year 59,837 10,702
Supplemental disclosures of cash flow information:    
Interest 5,094 10,836
Income taxes paid 22,692 573
Noncash transactions:    
Investment in CraftAg. LLC via contribution of plant 0 7,975
Property, plant and equipment issued under finance and operating leases 3,749 10,843
Property, plant and equipment purchased on account $ 19 $ 754