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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income (Loss) $ 477,639 $ 461,540 $ 374,247
Adjustments to Reconcile Net Earnings to Net Cash Provided by Operating Activities, Net of Effect of Noncash Activity:      
Depreciation, Depletion, and Amortization 149,832 138,554 128,811
Write-off of debt issuance costs 0 0 6,101
Deferred Income Tax Provision 7,953 4,475 6,383
Stock Compensation Expense 19,900 17,155 14,264
Equity in Earnings of Unconsolidated Joint Venture (31,581) (35,474) (32,488)
Distributions from Joint Venture 7,000 27,000 27,250
Changes in Operating Assets and Liabilities:      
Accounts and Notes Receivable (551) (12,035) (29,209)
Inventories (67,232) (47,946) (912)
Accounts Payable and Accrued Liabilities 13,794 (7,797) 27,192
Other Assets (20,468) 4,955 (1,331)
Income Taxes Receivable 7,652 (8,701) (3,137)
Net Cash Provided by Operating Activities 563,938 541,726 517,171
CASH FLOWS FROM INVESTING ACTIVITIES      
Additions to Property, Plant, and Equipment (120,305) (110,143) (74,121)
Acquisition Spending (55,053) (158,451) 0
Proceeds from Sale of Businesses 0 0 0
Net Cash Provided by (Used in) Investing Activities (175,358) (268,594) (74,121)
CASH FLOWS FROM FINANCING ACTIVITIES      
Borrowings Under Revolving Credit Facility 13,000 200,000 200,000
Repayment of Borrowings Under Revolving Credit Facility 0 (43,000) 0
Proceeds from 2.500% Senior Unsecured Notes 0 0 743,692
Repayment of 4.500% Senior Unsecured Notes 0 0 (350,000)
Repayment of Term Loan (10,000) (7,500) (665,000)
Dividends Paid to Stockholders (35,298) (37,496) (30,770)
Purchase and Retirement of Common Stock (343,274) (387,717) (589,742)
Proceeds from Stock Option Exercises 17,098 5,418 21,366
Premium Paid on Early Retirement of Senior Notes 0 0 (8,407)
Payment of Debt Issuance Costs 0 (903) (7,985)
Shares Redeemed to Settle Employee Taxes on Stock Compensation (10,423) (6,108) (5,308)
Net Cash Used in Financing Activities (368,897) (277,306) (692,154)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 19,683 (4,174) (249,104)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 15,242 19,416 268,520
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 34,925 $ 15,242 $ 19,416