XML 25 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Earnings $ 256,632 $ 198,219 $ 152,592
Adjustments to Reconcile Net Earnings to Net Cash Provided by Operating Activities, Net of Effect of Non-Cash Activity -      
Depreciation, Depletion and Amortization 114,015 91,791 97,105
Inventory Adjustment to Net Realizable Value   8,492 9,382
Impairment of Intangible Assets     34,999
Reduction of Prepaid Sand Liability   (2,000) (10,658)
Deferred Income Tax Provision (49,354) 2,203 (2,323)
Stock Compensation Expense 14,079 12,069 17,346
Excess Tax Benefits from Share-Based Payment Arrangements   (10,349) (4,102)
Equity in Earnings of Unconsolidated Joint Venture (43,419) (42,386) (39,083)
Distributions from Joint Venture 31,500 43,250 37,250
Changes in Operating Assets and Liabilities:      
Accounts and Notes Receivable (2,560) (14,235) (4,553)
Inventories (5,114) (6,636) (15,122)
Accounts Payable and Accrued Liabilities 24,173 33,687 (7,061)
Other Assets 4,196 788 4,468
Income Taxes Payable (Receivable) (6,483) 16,705 (4,473)
Net Cash Provided by Operating Activities 337,665 331,598 265,767
CASH FLOWS FROM INVESTING ACTIVITIES      
Additions to Property, Plant, and Equipment (131,957) (56,938) (89,563)
Acquisition Spending (36,761) (400,488) (32,427)
Net Cash Used in Investing Activities (168,718) (457,426) (121,990)
CASH FLOWS FROM FINANCING ACTIVITIES      
Increase (Decrease) in Credit Facility 15,000 (157,000) 52,000
Repayment of Senior Notes (81,214) (8,000) (57,045)
Issuance of Long-term Debt   350,000  
Dividends Paid to Stockholders (19,438) (19,341) (20,020)
Purchase and Retirement of Common Stock (61,078) (60,013) (123,530)
Proceeds from Stock Option Exercises 24,264 22,108 2,866
Shares Redeemed to Settle Employee Taxes on Stock Compensation (4,974) (4,468) (4,273)
Payment of Debt Issuance Costs   (6,637)  
Excess Tax Benefits from Share-Based Payment Arrangements   10,349 4,102
Net Cash Provided by (Used in) Financing Activities (127,440) 126,998 (145,900)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 41,507 1,170 (2,123)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD 6,561 5,391 7,514
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 48,068 $ 6,561 $ 5,391