FINANCIAL STATEMENTS FOR GUARANTORS OF THE 4.500% SENIOR UNSECURED NOTES (Tables)

6 Months Ended

Sep. 30, 2018

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Condensed Consolidating Statement of Earnings and Comprehensive Earnings

Condensed Consolidating Statement of Earnings and Comprehensive Earnings For the Three Months Ended September 30, 2018	Parent			Guarantor Subsidiaries			Eliminations			Consolidated
Revenue	$	—		$	381,499		$	—		$	381,499
Cost of Goods Sold		—			283,568			—			283,568
Gross Profit		—			97,931			—			97,931
Equity in Earnings of Unconsolidated Joint Venture		10,173			10,173			(10,173	)		10,173
Equity in Earnings of Subsidiaries		75,030			—			(75,030	)		—
Corporate General and Administrative Expenses		(9,090	)		(832	)		—			(9,922	)
Legal Settlements		—			—			—			—
Other Non-Operating Income		(126	)		554			—			428
Interest Expense, net		(6,806	)		(11	)		—			(6,817	)
Earnings before Income Taxes		69,181			107,815			(85,203	)		91,793
Income Taxes		3,421			(22,611	)		—			(19,190	)
Net Earnings	$	72,602		$	85,204		$	(85,203	)	$	72,603
Net Earnings	$	72,602		$	85,204		$	(85,203	)	$	72,603
Net Actuarial Change in Benefit Plans, net of tax		56			56			(56	)		56
Comprehensive Earnings	$	72,658		$	85,260		$	(85,259	)	$	72,659
Condensed Consolidating Statement of Earnings and Comprehensive Earnings For the Three Months Ended September 30, 2017	Parent			Guarantor Subsidiaries			Eliminations			Consolidated
Revenue	$	—		$	376,315		$	—		$	376,315
Cost of Goods Sold		—			279,561			—			279,561
Gross Profit		—			96,754			—			96,754
Equity in Earnings of Unconsolidated Joint Venture		11,955			11,955			(11,955	)		11,955
Equity in Earnings of Subsidiaries		64,496			—			(64,496	)		—
Corporate General and Administrative Expenses		(9,178	)		(643	)		—			(9,821	)
Other Non-Operating Income		(179	)		1,066			—			887
Interest Expense, net		(13,833	)		6,377			—			(7,456	)
Earnings before Income Taxes		53,261			115,509			(76,451	)		92,319
Income Taxes		10,101			(39,058	)		—			(28,957	)
Net Earnings	$	63,362		$	76,451		$	(76,451	)	$	63,362
Net Earnings	$	63,362		$	76,451		$	(76,451	)		63,362
Net Actuarial Change in Benefit Plans, net of tax		197			197			(197	)		197
Comprehensive Earnings	$	63,559		$	76,648		$	(76,648	)	$	63,559

Condensed Consolidating Statement of Earnings and Comprehensive Earnings For the Six Months Ended September 30, 2018	Parent			Guarantor Subsidiaries			Eliminations			Consolidated
Revenue	$	—		$	775,255		$	—		$	775,255
Cost of Goods Sold		—			585,690			—			585,690
Gross Profit		—			189,565			—			189,565
Equity in Earnings of Unconsolidated Joint Venture		19,424			19,424			(19,424	)		19,424
Equity in Earnings of Subsidiaries		142,288			—			(142,288	)		—
Corporate General and Administrative Expenses		(15,819	)		(2,106	)		—			(17,925	)
Legal Settlements		—			(1,800	)		—			(1,800	)
Other Non-Operating Income		(219	)		1,218			—			999
Interest Expense, net		(13,424	)		(25	)		—			(13,449	)
Earnings before Income Taxes		132,250			206,276			(161,712	)		176,814
Income Taxes		6,692			(44,564	)		—			(37,872	)
Net Earnings	$	138,942		$	161,712		$	(161,712	)	$	138,942
Net Earnings	$	138,942		$	161,712		$	(161,712	)	$	138,942
Net Actuarial Change in Benefit Plans, net of tax		112			112			(112	)		112
Comprehensive Earnings	$	139,054		$	161,824		$	(161,824	)	$	139,054
Condensed Consolidating Statement of Earnings and Comprehensive Earnings For the Six Months Ended September 30, 2017	Parent			Guarantor Subsidiaries			Eliminations			Consolidated
Revenue	$	—		$	742,436		$	—		$	742,436
Cost of Goods Sold		—			559,623			—			559,623
Gross Profit		—			182,813			—			182,813
Equity in Earnings of Unconsolidated Joint Venture		21,831			21,831			(21,831	)		21,831
Equity in Earnings of Subsidiaries		122,792			—			(122,792	)		—
Corporate General and Administrative Expenses		(17,826	)		(1,674	)		—			(19,500	)
Other Non-Operating Income		(346	)		1,990			—			1,644
Interest Expense, net		(26,795	)		11,856			—			(14,939	)
Earnings before Income Taxes		99,656			216,816			(144,623	)		171,849
Income Taxes		18,588			(72,193	)		—			(53,605	)
Net Earnings	$	118,244		$	144,623		$	(144,623	)	$	118,244
Net Earnings	$	118,244		$	144,623		$	(144,623	)		118,244
Net Actuarial Change in Benefit Plans, net of tax		394			394			(394	)		394
Comprehensive Earnings	$	118,638		$	145,017		$	(145,017	)	$	118,638

Condensed Consolidating Balance Sheet

Condensed Consolidating Balance Sheet At September 30, 2018	Parent			Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
Current Assets -
Cash and Cash Equivalents	$	7,584		$	2,418		$	—		$	10,002
Restricted Cash		—			—			—			—
Accounts and Notes Receivable		394			174,156			—			174,550
Inventories		—			238,869			—			238,869
Income Tax Receivable		5,924			—			—			5,924
Prepaid and Other Current Assets		379			7,372			—			7,751
Total Current Assets		14,281			422,815			—			437,096
Property, Plant, and Equipment -		4,521			2,631,728			—			2,636,249
Less: Accumulated Depreciation		(1,167	)		(1,010,344	)		—			(1,011,511	)
Property, Plant and Equipment, net		3,354			1,621,384			—			1,624,738
Notes Receivable		—			3,144			—			3,144
Investment in Joint Venture		70			60,412			—			60,482
Investments in Subsidiaries and Receivables from Affiliates		2,385,185			312,633			(2,697,818	)		—
Goodwill and Intangible Assets, net		—			237,738			—			237,738
Other Assets		5,319			10,995			—			16,314
	$	2,408,209		$	2,669,121		$	(2,697,818	)	$	2,379,512
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities-
Accounts Payable	$	6,586		$	85,893		$	—		$	92,479
Accrued Liabilities		19,211			43,012			—			62,223
Total Current Liabilities		25,797			128,905			—			154,702
Long-term Debt		631,257			—			—			631,257
Other Long-term Liabilities		47			31,052			—			31,099
Payables to Affiliates		312,633			5,748,333			(6,060,966	)		—
Deferred Income Taxes		5,872			123,979			—			129,851
Total Liabilities		975,606			6,032,269			(6,060,966	)		946,909
Total Stockholders’ Equity		1,432,603			(3,363,148	)		3,363,148			1,432,603
	$	2,408,209		$	2,669,121		$	(2,697,818	)	$	2,379,512

Condensed Consolidating Balance Sheet At March 31, 2018	Parent			Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
Current Assets -
Cash and Cash Equivalents	$	5,784		$	3,531		$	—		$	9,315
Restricted Cash		38,753			—			—			38,753
Accounts and Notes Receivable		407			141,278			—			141,685
Inventories		—			258,159			—			258,159
Income Tax Receivable		109,510			—			(103,760	)		5,750
Prepaid and Other Current Assets		665			4,408			—			5,073
Total Current Assets		155,119			407,376			(103,760	)		458,735
Property, Plant, and Equipment -		3,188			2,583,340			—			2,586,528
Less: Accumulated Depreciation		(1,089	)		(990,140	)		—			(991,229	)
Property, Plant and Equipment, net		2,099			1,593,200			—			1,595,299
Notes Receivable		—			115			—			115
Investment in Joint Venture		70			60,488			—			60,558
Investments in Subsidiaries and Receivables from Affiliates		2,718,809			762,340			(3,481,149	)		—
Goodwill and Intangible Assets, net		—			239,342			—			239,342
Other Assets		5,417			8,537			—			13,954
	$	2,881,514		$	3,071,398		$	(3,584,909	)	$	2,368,003
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities-
Accounts Payable	$	5,591		$	67,868		$	—		$	73,459
Accrued Liabilities		67,387			38,483			—			105,870
Income Tax Payable		—			103,760			(103,760	)		—
Total Current Liabilities		72,978			210,111			(103,760	)		179,329
Long-term Debt		620,922			—			—			620,922
Other Long-term Liabilities		124			30,972			—			31,096
Payables to Affiliates		762,340			5,608,236			(6,370,576	)		—
Deferred Income Taxes		7,460			111,506			—			118,966
Total Liabilities		1,463,824			5,960,825			(6,474,336	)		950,313
Total Stockholders’ Equity		1,417,690			(2,889,427	)		2,889,427			1,417,690
	$	2,881,514		$	3,071,398		$	(3,584,909	)	$	2,368,003

Condensed Consolidating Statement of Cash Flows

Condensed Consolidating Statement of Cash Flows For the Six Months Ended September 30, 2018	Parent			Guarantor Subsidiaries			Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES
Net Cash Provided by (Used in) Operating Activities	$	(69,161	)	$	244,037		$	—	$	174,876
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to Property, Plant, and Equipment		(1,133	)		(92,311	)		—		(93,444	)
Proceeds from Sale of Property, Plant, and Equipment		—			2,281			—		2,281
Net Cash Used in Investing Activities		(1,133	)		(90,030	)		—		(91,163	)
CASH FLOWS FROM FINANCING ACTIVITIES
Increase in Credit Facility		10,000			—			—		10,000
Dividends Paid to Stockholders		(9,582	)		—			—		(9,582	)
Purchase and Retirement of Common Stock		(122,404	)		—			—		(122,404	)
Proceeds from Stock Option Exercises		1,992			—			—		1,992
Shares Redeemed to Settle Employee Taxes on    Stock Compensation		(1,785	)		—			—		(1,785	)
Intra-entity Activity, net		155,120			(155,120	)		—		—
Net Cash Provided by (Used in) Financing Activities		33,341			(155,120	)		—		(121,779	)
NET INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH		(36,953	)		(1,113	)		—		(38,066	)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD		44,537			3,531			—		48,068
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	$	7,584		$	2,418		$	—	$	10,002

Condensed Consolidating Statement of Cash Flows For the Six Months Ended September 30, 2017	Parent			Guarantor Subsidiaries			Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES
Net Cash Provided by (Used in) Operating Activities	$	21,447		$	131,301		$	—	$	152,748
CASH FLOWS FROM INVESTING ACTIVITIES
Property, Plant, and Equipment Additions		—			(44,851	)		—		(44,851	)
Acquisition Spending		—			(36,761	)		—		(36,761	)
Net Cash Used in Investing Activities		—			(81,612	)		—		(81,612	)
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of Credit Facility		(30,000	)		—			—		(30,000	)
Dividends Paid to Stockholders		(9,709	)		—			—		(9,709	)
Purchase and Retirement of Common Stock		(24,903	)		—			—		(24,903	)
Proceeds from Stock Option Exercises		20,426			—			—		20,426
Shares Redeemed to Settle Employee Taxes on    Stock Compensation		(2,455	)		—			—		(2,455	)
Intra-entity Activity, net		49,072			(49,072	)		—		—
Net Cash Provided by (Used in) Financing Activities		2,431			(49,072	)		—		(46,641	)
NET INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH		23,878			617			—		24,495
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD		5,184			1,377			—		6,561
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	$	29,062		$	1,994		$	—	$	31,056