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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Earnings $ 339,444 $ 70,894 $ 68,860
Adjustments to Reconcile Net Earnings to Net Cash Provided by Operating Activities, Net of Effect of Non-Cash Activity:      
Depreciation, Depletion, and Amortization 129,087 113,518 122,535
Impairment Losses   224,267 220,265
Deferred Income Tax Provision 59,319 75,987 (28,371)
Stock Compensation Expense 15,293 19,823 15,109
Gain on Sale of Businesses (61,203)    
Equity in Earnings of Unconsolidated Joint Venture (37,441) (42,585) (38,565)
Distributions from Joint Venture 36,000 33,500 34,250
Changes in Operating Assets and Liabilities:      
Accounts and Notes Receivable 2,127 (25,005) 10,180
Inventories 30,002 26,729 (19,016)
Accounts Payable and Accrued Liabilities 9,541 17,265 (31,949)
Other Assets (6,455) 7,841 (3,284)
Income Taxes Receivable 127,359 (122,933) 270
Net Cash Provided by Operating Activities 643,073 399,301 350,284
CASH FLOWS FROM INVESTING ACTIVITIES      
Additions to Property, Plant, and Equipment (53,933) (132,119) (168,873)
Acquisition Spending   (699,361)  
Proceeds from Sale of Businesses 91,022    
Proceeds from Sales of Property, Plant, and Equipment   400 2,281
Net Cash Provided by (Used in) Investing Activities 37,089 (831,080) (166,592)
CASH FLOWS FROM FINANCING ACTIVITIES      
(Decrease) Increase in Revolving Credit Facility (560,000) 250,000 70,000
Repayment of Private Placement Senior Unsecured Notes   (36,500)  
Issuance of Term Loan   665,000  
Dividends Paid to Stockholders (4,163) (17,142) (18,927)
Purchase and Retirement of Common Stock   (313,887) (271,988)
Proceeds from Stock Option Exercises 40,455 3,298 2,103
Shares Redeemed to Settle Employee Taxes on Stock Compensation (4,186) (4,063) (4,347)
Payment of Debt Issuance Costs (2,396) (4,880)  
Net Cash (Used in) Provided by Financing Activities (530,290) 541,826 (223,159)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 149,872 110,047 (39,467)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 118,648 8,601 48,068
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD $ 268,520 $ 118,648 $ 8,601