XML 17 R6.htm IDEA: XBRL DOCUMENT v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities    
Net income $ 170,915,000 $ 144,091,000
Net loss from discontinued operations, net of taxes (5,653,000) 0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 62,157,000 50,228,000
Deferred income taxes 1,160,000 (3,748,000)
Loss on disposal of assets and costs from exit and disposal activities 2,621,000 7,024,000
Stock-based compensation 13,274,000 8,404,000
Amortization of deferred financing charges 960,000 511,000
Inventory Step-up Related to Acquisition 14,197,000 0
Fair market value adjustments to derivatives 2,447,000 77,000
Equity in net income of unconsolidated affiliates (1,297,000) (1,343,000)
Other operating activities 1,911,000 809,000
Changes in working capital:    
Receivables (70,229,000) (42,126,000)
Inventories (19,874,000) 40,001,000
Prepaid expenses and other current assets (4,166,000) (5,945,000)
Accounts payable, accrued expenses, and other liabilities 83,350,000 76,994,000
Cash Provided by (Used in) Discontinued Operation (2,684,000) 0
Net cash provided by operating activities 260,395,000 274,977,000
Cash Flows from Investing Activities    
Capital expenditures (57,151,000) (52,598,000)
Proceeds from disposal of assets 726,000 0
Acquisitions, net of cash acquired 0 (19,576,000)
Other investing activities 1,419,000 2,240,000
Net cash used in investing activities (55,006,000) (69,934,000)
Cash Flows from Financing Activities    
Payments on syndicated Term Loan Facility 0 (1,750,000)
Payments on Equipment Financing (299,000) (933,000)
Payments on finance lease obligations (9,514,000) (8,335,000)
Repurchase of common stock (233,236,000) 0
Cash dividends paid (15,306,000) (13,980,000)
Proceeds from exercise of stock options 475,000 549,000
Payment of withholding taxes on vesting of restricted stock units (10,728,000) (6,683,000)
Net cash used in financing activities (268,608,000) (31,132,000)
Effect of exchange rate changes on cash 112,000 1,098,000
Net change in cash (63,107,000) 175,009,000
Cash and restricted cash at beginning of period 233,967,000 469,271,000
Cash and restricted cash, excluding held for sale, at end of period 162,382,000 644,280,000
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Including Discontinued Operation 170,860,000 644,280,000
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Discontinued Operation (8,478,000) 0
Cash 162,251,000 638,268,000
Restricted cash (included in Other current assets in the Condensed Consolidated Balance Sheets) $ 131,000 $ 6,012,000