XML 21 R6.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Earnings $ 271,402 $ 244,000
Adjustments to Reconcile Net Earnings to Net Cash Provided by Operating Activities, Net of Effect of Non-Cash Activity    
Depreciation, Depletion and Amortization 73,879 68,874
Deferred Income Tax Provision 6,826 6,198
Stock Compensation Expense 10,999 9,548
Equity in Earnings of Unconsolidated Joint Venture (13,505) (12,254)
Distributions from Joint Venture 2,500 7,500
Changes in Operating Assets and Liabilities    
Accounts and Notes Receivable (42,398) (50,697)
Inventories 5,317 18,101
Accounts Payable and Accrued Liabilities 3,996 1,634
Other Assets (14,487) 4,589
Income Taxes Payable (Receivable) 8,310 2,952
Net Cash Provided by Operating Activities 312,839 300,445
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to Property, Plant, and Equipment (65,453) (43,249)
Acquisition Spending (55,053) (158,451)
Net Cash Used in Investing Activities (120,506) (201,700)
CASH FLOWS FROM FINANCING ACTIVITIES    
Increase in Credit Facility 5,000 200,000
Repayment of Term Loan (5,000) (2,500)
Dividends Paid to Stockholders (17,908) (19,149)
Purchase and Retirement of Common Stock (151,321) (210,398)
Proceeds from Stock Option Exercises 11,469 735
Payment of Debt Issuance Costs 0 (903)
Shares Redeemed to Settle Employee Taxes on Stock Compensation (2,494) (1,806)
Net Cash Used in Financing Activities (160,254) (34,021)
NET INCREASE IN CASH AND CASH EQUIVALENTS 32,079 64,724
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 15,242 19,416
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 47,321 $ 84,140