XML 14 R6.htm IDEA: XBRL DOCUMENT v3.23.4
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Earnings $ 400,540 $ 361,184
Adjustments to Reconcile Net Earnings to Net Cash Provided by Operating Activities, Net of Effect of Non-Cash Activity    
Depreciation, Depletion and Amortization 111,347 103,689
Deferred Income Tax Provision 9,324 7,227
Stock Compensation Expense 15,356 13,636
Equity in Earnings of Unconsolidated Joint Venture (22,790) (23,631)
Distributions from Joint Venture 7,000 19,000
Changes in Operating Assets and Liabilities    
Accounts and Notes Receivable 9,452 9,300
Inventories (27,137) (3,219)
Accounts Payable and Accrued Liabilities 3,278 (13,959)
Other Assets (19,428) 4,411
Income Taxes Payable (Receivable) 13,607 2,473
Net Cash Provided by Operating Activities 500,549 480,111
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to Property, Plant, and Equipment (87,848) (60,951)
Acquisition Spending (55,053) (158,451)
Net Cash Used in Investing Activities (142,901) (219,402)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings Under Revolving Credit Facility 222,000 200,000
Repayment of Borrowings Under Revolving Credit Facility (272,000) (70,000)
Repayment of Term Loan (7,500) (5,000)
Dividends Paid to Stockholders (26,692) (28,421)
Purchase and Retirement of Common Stock (248,852) (313,898)
Proceeds from Stock Option Exercises 11,560 840
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 (323,978) (219,188)
NET INCREASE IN CASH AND CASH EQUIVALENTS 33,670 41,521
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 15,242 19,416
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 48,912 $ 60,937