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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Earnings $ 461,540 $ 374,247 $ 339,444
Adjustments to Reconcile Net Earnings to Net Cash Provided by Operating Activities, Net of Effect of Noncash Activity:      
Depreciation, Depletion, and Amortization 138,554 128,811 129,087
Write-off of debt issuance costs 0 6,101 0
Deferred Income Tax Provision 4,475 6,383 59,319
Stock Compensation Expense 17,155 14,264 15,293
Gain on Sale of Businesses 0 0 (61,203)
Equity in Earnings of Unconsolidated Joint Venture (35,474) (32,488) (37,441)
Distributions from Joint Venture 27,000 27,250 36,000
Changes in Operating Assets and Liabilities:      
Accounts and Notes Receivable (12,035) (29,209) 2,127
Inventories (47,946) (912) 30,002
Accounts Payable and Accrued Liabilities (7,797) 27,192 9,541
Other Assets 4,955 (1,331) (6,455)
Income Taxes Receivable (8,701) (3,137) 127,359
Net Cash Provided by Operating Activities 541,726 517,171 643,073
CASH FLOWS FROM INVESTING ACTIVITIES      
Additions to Property, Plant, and Equipment (110,143) (74,121) (53,933)
Acquisition Spending (158,451) 0 0
Proceeds from Sale of Businesses 0 0 91,022
Net Cash Provided by (Used in) Investing Activities (268,594) (74,121) 37,089
CASH FLOWS FROM FINANCING ACTIVITIES      
Borrowings Under Revolving Credit Facility 200,000 200,000 0
Repayment of Borrowings Under Revolving Credit Facility (43,000) 0 (560,000)
Proceeds from 2.500% Senior Unsecured Notes 0 743,692 0
Repayment of 4.500% Senior Unsecured Notes 0 (350,000) 0
Repayment of Term Loan (7,500) (665,000) 0
Dividends Paid to Stockholders (37,496) (30,770) (4,163)
Purchase and Retirement of Common Stock (387,717) (589,742) 0
Proceeds from Stock Option Exercises 5,418 21,366 40,455
Premium Paid on Early Retirement of Senior Notes 0 (8,407) 0
Payment of Debt Issuance Costs (903) (7,985) (2,396)
Shares Redeemed to Settle Employee Taxes on Stock Compensation (6,108) (5,308) (4,186)
Net Cash Used in Financing Activities (277,306) (692,154) (530,290)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (4,174) (249,104) 149,872
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 19,416 268,520 118,648
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 15,242 $ 19,416 $ 268,520