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SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Mar. 31, 2022
Accounting Policies [Abstract]  
Schedule of Inventories Inventories consist of the following:

 

 

 

March 31,

 

 

 

2022

 

 

2021

 

 

 

(dollars in thousands)

 

Raw Materials and Materials-in-Progress

 

$

81,308

 

 

$

92,696

 

Finished Cement

 

 

38,769

 

 

 

34,362

 

Aggregates

 

 

3,558

 

 

 

2,933

 

Gypsum Wallboard

 

 

3,452

 

 

 

4,177

 

Paperboard

 

 

7,462

 

 

 

5,031

 

Repair Parts and Supplies

 

 

91,593

 

 

 

86,750

 

Fuel and Coal

 

 

10,519

 

 

 

9,800

 

 

 

$

236,661

 

 

$

235,749

 

Schedule of Property, Plant and Equipment Estimated Useful Lives The estimated useful lives of the related assets are as follows:

 

 

 

 

Plants

 

20 to 30 years

Buildings

 

20 to 40 years

Machinery and Equipment

 

3 to 25 years

Summary of Impairment Charges Related to Assets Impairment charges related to these assets in fiscal 2020 are included in continuing operations on the Consolidated Statement of Earnings and are summarized below:

 

 

 

For the Year Ended
March 31,

 

 

 

 

2020

 

 

 

(dollars in thousands)

 

Property, Equipment, and Real Estate

 

$

11,213

 

Lease Right-of-Use Assets

 

 

13,918

 

 

 

$

25,131

 

Schedule of Supplemental Cash Flow Information

Supplemental cash flow information is as follows:

 

 

For the Years Ended March 31,

 

 

 

 

2022

 

 

 

2021

 

 

 

2020

 

 

 

(dollars in thousands)

 

 

 

 

Cash Payments:

 

 

 

 

 

 

 

 

 

Interest

 

$

21,298

 

 

$

42,343

 

 

$

37,610

 

Income Taxes

 

 

86,407

 

 

 

32,870

 

 

 

20,046

 

Operating Cash Flows Used for Operating Leases

 

 

8,141

 

 

 

10,741

 

 

 

14,926

 

 

 

 

 

 

 

 

 

 

 

Non-Cash Financing Activities:

 

 

 

 

 

 

 

 

 

Right-of-use Assets Obtained for Capitalized Operating Lease Liabilities

 

$

2,598

 

 

$

272

 

 

$

621

 

Schedule of Total Selling, General and Administrative Expenses

Total Selling, General, and Administrative Expenses for each of the periods are summarized as follows:

 

 

 

For the Years Ended March 31,

 

 

 

2022

 

 

2021

 

 

2020

 

 

 

(dollars in thousands)

 

Operating Units Selling, G&A

 

$

56,561

 

 

$

56,309

 

 

$

57,077

 

Corporate G&A

 

 

46,801

 

 

 

49,511

 

 

 

65,410

 

 

 

$

103,362

 

 

$

105,820

 

 

$

122,487