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FINANCIAL STATEMENTS FOR GUARANTORS OF THE 4.500% SENIOR UNSECURED NOTES (Tables) | 6 Months Ended
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Sep. 30, 2016
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, 2016 | Parent |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Revenues | $ | — |  |  | $ | 332,658 |  |  | $ | — |  |  | $ | 332,658 |
Cost of Goods Sold |  | — |  |  |  | 241,448 |  |  |  | — |  |  |  | 241,448 |
Gross Profit |  | — |  |  |  | 91,210 |  |  |  | — |  |  |  | 91,210 |
Equity in Earnings of Unconsolidated Joint Venture |  | 12,147 |  |  |  | 12,147 |  |  |  | (12,147 | ) |  |  | 12,147 |
Equity in Earnings of Subsidiaries |  | 61,469 |  |  |  | — |  |  |  | (61,469 | ) |  |  | — |
Corporate General and Administrative Expenses |  | (7,497 | ) |  |  | (1,335 | ) |  |  | — |  |  |  | (8,832 | )
Other Income (Loss) |  | (137 | ) |  |  | 641 |  |  |  | — |  |  |  | 504 |
Interest Expense, net |  | (12,354 | ) |  |  | 6,698 |  |  |  | — |  |  |  | (5,656 | )
Earnings before Income Taxes |  | 53,628 |  |  |  | 109,361 |  |  |  | (73,616 | ) |  |  | 89,373 |
Income Taxes |  | 6,609 |  |  |  | (35,745 | ) |  |  | — |  |  |  | (29,136 | )
Net Earnings | $ | 60,237 |  |  | $ | 73,616 |  |  | $ | (73,616 | ) |  | $ | 60,237 |
Net Earnings | $ | 60,237 |  |  | $ | 73,616 |  |  | $ | (73,616 | ) |  | $ | 60,237 |
Net Actuarial Change in Benefit Plans, net of tax |  | 312 |  |  |  | 312 |  |  |  | (312 | ) |  |  | 312 |
Comprehensive Earnings | $ | 60,549 |  |  | $ | 73,928 |  |  | $ | (73,928 | ) |  | $ | 60,549 |
Condensed Consolidating Statement of Earnings and Comprehensive Earnings For the Three Months Ended September 30, 2015 | Parent |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Revenues | $ | — |  |  | $ | 328,988 |  |  | $ | — |  |  | $ | 328,988 |
Cost of Goods Sold |  | — |  |  |  | 284,694 |  |  |  | — |  |  |  | 284,694 |
Gross Profit |  | — |  |  |  | 44,294 |  |  |  | — |  |  |  | 44,294 |
Equity in Earnings of Unconsolidated Joint Venture |  | 11,680 |  |  |  | 11,680 |  |  |  | (11,680 | ) |  |  | 11,680 |
Equity in Earnings of Subsidiaries |  | 30,255 |  |  |  | — |  |  |  | (30,255 | ) |  |  | — |
Corporate General and Administrative Expenses |  | (8,040 | ) |  |  | (1,324 | ) |  |  | — |  |  |  | (9,364 | )
Other Income (Loss) |  | (173 | ) |  |  | 745 |  |  |  | — |  |  |  | 572 |
Interest Expense, net |  | (9,268 | ) |  |  | 4,926 |  |  |  | — |  |  |  | (4,342 | )
Earnings before Income Taxes |  | 24,454 |  |  |  | 60,321 |  |  |  | (41,935 | ) |  |  | 42,840 |
Income Taxes |  | 5,365 |  |  |  | (18,386 | ) |  |  | — |  |  |  | (13,021 | )
Net Earnings | $ | 29,819 |  |  | $ | 41,935 |  |  | $ | (41,935 | ) |  | $ | 29,819 |
Net Earnings | $ | 29,819 |  |  | $ | 41,935 |  |  | $ | (41,935 | ) |  | $ | 29,819 |
Net Actuarial Change in Benefit Plans, net of tax |  | 320 |  |  |  | 312 |  |  |  | (312 | ) |  |  | 320 |
Comprehensive Earnings | $ | 30,139 |  |  | $ | 42,247 |  |  | $ | (42,247 | ) |  | $ | 30,139 |
Condensed Consolidating Statement of Earnings and Comprehensive Earnings For the Six Months Ended September 30, 2016 | Parent |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Revenues | $ | — |  |  | $ | 630,162 |  |  | $ | — |  |  | $ | 630,162 |
Cost of Goods Sold |  | — |  |  |  | 466,997 |  |  |  | — |  |  |  | 466,997 |
Gross Profit |  | — |  |  |  | 163,165 |  |  |  | — |  |  |  | 163,165 |
Equity in Earnings of Unconsolidated Joint Venture |  | 20,127 |  |  |  | 20,127 |  |  |  | (20,127 | ) |  |  | 20,127 |
Equity in Earnings of Subsidiaries |  | 111,172 |  |  |  | — |  |  |  | (111,172 | ) |  |  | — |
Corporate General and Administrative Expenses |  | (15,728 | ) |  |  | (2,937 | ) |  |  | — |  |  |  | (18,665 | )
Other Income (Loss) |  | (214 | ) |  |  | 1,793 |  |  |  | — |  |  |  | 1,579 |
Interest Expense, net |  | (22,365 | ) |  |  | 12,808 |  |  |  | — |  |  |  | (9,557 | )
Earnings before Income Taxes |  | 92,992 |  |  |  | 194,956 |  |  |  | (131,299 | ) |  |  | 156,649 |
Income Taxes |  | 12,589 |  |  |  | (63,657 | ) |  |  | — |  |  |  | (51,068 | )
Net Earnings | $ | 105,581 |  |  | $ | 131,299 |  |  | $ | (131,299 | ) |  | $ | 105,581 |
Net Earnings | $ | 105,581 |  |  | $ | 131,299 |  |  | $ | (131,299 | ) |  | $ | 105,581 |
Net Actuarial Change in Benefit Plans, net of tax |  | 624 |  |  |  | 624 |  |  |  | (624 | ) |  |  | 624 |
Comprehensive Earnings | $ | 106,205 |  |  | $ | 131,923 |  |  | $ | (131,923 | ) |  | $ | 106,205 |
Condensed Consolidating Statement of Earnings and Comprehensive Earnings For the Six Months Ended September 30, 2015 | Parent |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Revenues | $ | — |  |  | $ | 613,951 |  |  | $ | — |  |  | $ | 613,951 |
Cost of Goods Sold |  | — |  |  |  | 508,560 |  |  |  | — |  |  |  | 508,560 |
Gross Profit |  | — |  |  |  | 105,391 |  |  |  | — |  |  |  | 105,391 |
Equity in Earnings of Unconsolidated Joint Venture |  | 19,510 |  |  |  | 19,510 |  |  |  | (19,510 | ) |  |  | 19,510 |
Equity in Earnings of Subsidiaries |  | 71,701 |  |  |  | — |  |  |  | (71,701 | ) |  |  | — |
Corporate General and Administrative Expenses |  | (15,731 | ) |  |  | (2,624 | ) |  |  | — |  |  |  | (18,355 | )
Other Income (Loss) |  | (306 | ) |  |  | 1,313 |  |  |  | — |  |  |  | 1,007 |
Interest Expense, net |  | (18,484 | ) |  |  | 9,656 |  |  |  | — |  |  |  | (8,828 | )
Earnings before Income Taxes |  | 56,690 |  |  |  | 133,246 |  |  |  | (91,211 | ) |  |  | 98,725 |
Income Taxes |  | 10,891 |  |  |  | (42,035 | ) |  |  | — |  |  |  | (31,144 | )
Net Earnings | $ | 67,581 |  |  | $ | 91,211 |  |  | $ | (91,211 | ) |  | $ | 67,581 |
Net Earnings | $ | 67,581 |  |  | $ | 91,211 |  |  | $ | (91,211 | ) |  | $ | 67,581 |
Net Actuarial Change in Benefit Plans, net of tax |  | 640 |  |  |  | 640 |  |  |  | (640 | ) |  |  | 640 |
Comprehensive Earnings | $ | 68,221 |  |  | $ | 91,851 |  |  | $ | (91,851 | ) |  | $ | 68,221 |
Condensed Consolidating Balance Sheet |
Condensed Consolidating Balance Sheet At September 30, 2016 | Parent |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Assets - |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents | $ | 52,524 |  |  | $ | 1,982 |  |  | $ | — |  |  | $ | 54,506 |
Accounts and Notes Receivable |  | 562 |  |  |  | 154,679 |  |  |  | — |  |  |  | 155,241 |
Inventories |  | — |  |  |  | 217,582 |  |  |  | — |  |  |  | 217,582 |
Income Tax Receivable |  | 55,316 |  |  |  | — |  |  |  | (54,270 | ) |  |  | 1,046 |
Prepaid and Other Current Assets |  | 4,273 |  |  |  | 2,488 |  |  |  | — |  |  |  | 6,761 |
Total Current Assets |  | 112,675 |  |  |  | 376,731 |  |  |  | (54,270 | ) |  |  | 435,136 |
Property, Plant and Equipment - |  | 2,846 |  |  |  | 2,086,653 |  |  |  | — |  |  |  | 2,089,499 |
Less: Accumulated Depreciation |  | (870 | ) |  |  | (854,278 | ) |  |  | — |  |  |  | (855,148 | )
Property, Plant and Equipment, net |  | 1,976 |  |  |  | 1,232,375 |  |  |  | — |  |  |  | 1,234,351 |
Notes Receivable |  | — |  |  |  | 1,158 |  |  |  | — |  |  |  | 1,158 |
Deferred Income Taxes |  | 3,799 |  |  |  | — |  |  |  | (3,799 | ) |  |  | — |
Investment in Joint Venture |  | 42 |  |  |  | 47,810 |  |  |  | — |  |  |  | 47,852 |
Investments in Subsidiaries and Receivables from Affiliates |  | 4,297,977 |  |  |  | 2,830,083 |  |  |  | (7,128,060 | ) |  |  | — |
Goodwill and Intangible Assets, net |  | — |  |  |  | 162,506 |  |  |  | — |  |  |  | 162,506 |
Other Assets |  | 5,979 |  |  |  | 21,153 |  |  |  | — |  |  |  | 27,132 |
| $ | 4,422,448 |  |  | $ | 4,671,816 |  |  | $ | (7,186,129 | ) |  | $ | 1,908,135 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Liabilities- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts Payable | $ | 6,183 |  |  | $ | 56,298 |  |  | $ | — |  |  | $ | 62,481 |
Accrued Liabilities |  | 18,047 |  |  |  | 35,746 |  |  |  | — |  |  |  | 53,793 |
Income Tax Payable |  | — |  |  |  | 54,270 |  |  |  | (54,270 | ) |  |  | — |
Current Portion of Long-term Debt |  | 8,000 |  |  |  | — |  |  |  | — |  |  |  | 8,000 |
Total Current Liabilities |  | 32,230 |  |  |  | 146,314 |  |  |  | (54,270 | ) |  |  | 124,274 |
Long-term Debt |  | 461,182 |  |  |  | — |  |  |  | — |  |  |  | 461,182 |
Other Long-term Liabilities |  | 223 |  |  |  | 59,699 |  |  |  | — |  |  |  | 59,922 |
Payables to Affiliates |  | 2,830,083 |  |  |  | 2,122,882 |  |  |  | (4,952,965 | ) |  |  | — |
Deferred Income Taxes |  | — |  |  |  | 167,826 |  |  |  | (3,799 | ) |  |  | 164,027 |
Total Liabilities |  | 3,323,718 |  |  |  | 2,496,721 |  |  |  | (5,011,034 | ) |  |  | 809,405 |
Total Stockholders’ Equity |  | 1,098,730 |  |  |  | 2,175,095 |  |  |  | (2,175,095 | ) |  |  | 1,098,730 |
| $ | 4,422,448 |  |  | $ | 4,671,816 |  |  | $ | (7,186,129 | ) |  | $ | 1,908,135 |
Condensed Consolidating Balance Sheet At March 31, 2016 | Parent |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Assets - |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents | $ | 3,507 |  |  | $ | 1,884 |  |  | $ | — |  |  | $ | 5,391 |
Accounts and Notes Receivable |  | 324 |  |  |  | 119,897 |  |  |  | — |  |  |  | 120,221 |
Inventories |  | — |  |  |  | 243,595 |  |  |  | — |  |  |  | 243,595 |
Income Tax Receivable |  | — |  |  |  | 6,731 |  |  |  | (1,108 | ) |  |  | 5,623 |
Prepaid and Other Current Assets |  | 1,365 |  |  |  | 3,808 |  |  |  | — |  |  |  | 5,173 |
Total Current Assets |  | 5,196 |  |  |  | 375,915 |  |  |  | (1,108 | ) |  |  | 380,003 |
Property, Plant and Equipment - |  | 2,612 |  |  |  | 2,070,164 |  |  |  | — |  |  |  | 2,072,776 |
Less: Accumulated Depreciation |  | (814 | ) |  |  | (816,651 | ) |  |  | — |  |  |  | (817,465 | )
Property, Plant and Equipment, net |  | 1,798 |  |  |  | 1,253,513 |  |  |  | — |  |  |  | 1,255,311 |
Notes Receivable |  | — |  |  |  | 2,672 |  |  |  | — |  |  |  | 2,672 |
Deferred Income Taxes |  | 3,375 |  |  |  | — |  |  |  | (3,375 | ) |  |  | — |
Investment in Joint Venture |  | 33 |  |  |  | 49,432 |  |  |  | — |  |  |  | 49,465 |
Investments in Subsidiaries and Receivables from Affiliates |  | 4,085,806 |  |  |  | 2,529,480 |  |  |  | (6,615,286 | ) |  |  | — |
Goodwill and Intangible Assets, net |  | — |  |  |  | 165,827 |  |  |  | — |  |  |  | 165,827 |
Other Assets |  | 5,557 |  |  |  | 24,800 |  |  |  | — |  |  |  | 30,357 |
| $ | 4,101,765 |  |  | $ | 4,401,639 |  |  | $ | (6,619,769 | ) |  | $ | 1,883,635 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Liabilities- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts Payable | $ | 6,968 |  |  | $ | 59,646 |  |  | $ | — |  |  | $ | 66,614 |
Accrued Liabilities |  | 15,708 |  |  |  | 30,267 |  |  |  | — |  |  |  | 45,975 |
Income Tax Payable |  | 1,108 |  |  |  | — |  |  |  | (1,108 | ) |  |  | — |
Current Portion of Long-term Debt |  | 8,000 |  |  |  | — |  |  |  | — |  |  |  | 8,000 |
Total Current Liabilities |  | 31,784 |  |  |  | 89,913 |  |  |  | (1,108 | ) |  |  | 120,589 |
Long-term Debt |  | 499,714 |  |  |  | — |  |  |  | — |  |  |  | 499,714 |
Other Long-term Liabilities |  | 256 |  |  |  | 60,866 |  |  |  | — |  |  |  | 61,122 |
Payables to Affiliates |  | 2,529,480 |  |  |  | 2,042,633 |  |  |  | (4,572,113 | ) |  |  | — |
Deferred Income Taxes |  | — |  |  |  | 165,054 |  |  |  | (3,375 | ) |  |  | 161,679 |
Total Liabilities |  | 3,061,234 |  |  |  | 2,358,466 |  |  |  | (4,576,596 | ) |  |  | 843,104 |
Total Stockholders’ Equity |  | 1,040,531 |  |  |  | 2,043,173 |  |  |  | (2,043,173 | ) |  |  | 1,040,531 |
| $ | 4,101,765 |  |  | $ | 4,401,639 |  |  | $ | (6,619,769 | ) |  | $ | 1,883,635 |
Condensed Consolidated Statement of Cash Flows |
Condensed Consolidating Statement of Cash Flows Six Months ended September 30, 2016 | Parent |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Cash Provided by (Used in) Operating Activities | $ | (78,298 | ) |  | $ | 238,450 |  |  | $ | — |  |  | $ | 160,152 |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Additions to Property, Plant and Equipment |  | (233 | ) |  |  | (17,998 | ) |  |  | — |  |  |  | (18,231 | )
Net Cash Used in Investing Activities |  | (233 | ) |  |  | (17,998 | ) |  |  | — |  |  |  | (18,231 | )
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Decrease in Long-term Debt |  | (32,000 | ) |  |  | — |  |  |  | — |  |  |  | (32,000 | )
Payment of Debt Issuance Costs |  | (6,637 | ) |  |  |  |  |  |  |  |  |  |  | (6,637 | )
Dividends Paid to Stockholders |  | (9,677 | ) |  |  | — |  |  |  | — |  |  |  | (9,677 | )
Purchase and Retirement of Common Stock |  | (60,013 | ) |  |  | — |  |  |  | — |  |  |  | (60,013 | )
Proceeds from Stock Option Exercises |  | 12,992 |  |  |  | — |  |  |  | — |  |  |  | 12,992 |
Shares Redeemed to Settle Employee Taxes on Stock Compensation |  | (2,965 | ) |  |  | — |  |  |  | — |  |  |  | (2,965 | )
Excess Tax Benefits from Share Based Payment Arrangements |  | 5,494 |  |  |  | — |  |  |  | — |  |  |  | 5,494 |
Intra-entity Activity, net |  | 220,354 |  |  |  | (220,354 | ) |  |  | — |  |  |  | — |
Net Cash Provided by (Used in) Financing Activities |  | 127,548 |  |  |  | (220,354 | ) |  |  | — |  |  |  | (92,806 | )
NET INCREASE IN CASH AND CASH EQUIVALENTS |  | 49,017 |  |  |  | 98 |  |  |  | — |  |  |  | 49,115 |
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD |  | 3,507 |  |  |  | 1,884 |  |  |  | — |  |  |  | 5,391 |
CASH AND CASH EQUIVALENTS AT END OF PERIOD | $ | 52,524 |  |  | $ | 1,982 |  |  | $ | — |  |  | $ | 54,506 |
Condensed Consolidating Statement of Cash Flows Six Months ended September 30, 2015 | Parent |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Cash Provided by (Used in) Operating Activities | $ | (73,242) |  |  | $ | 180,831 |  |  | $ | — |  |  | $ | 107,589 |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Additions to Property, Plant and Equipment |  | — |  |  |  | (55,869 | ) |  |  | — |  |  |  | (55,869 | )
Acquisition Spending |  |  |  |  |  | (32,427 | ) |  |  |  |  |  |  | (32,427 | )
Net Cash Used in Investing Activities |  | — |  |  |  | (88,296 | ) |  |  | — |  |  |  | (88,296 | )
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Repayment of Credit Facility |  | (3,000 | ) |  |  | — |  |  |  | — |  |  |  | (3,000 | )
Dividends Paid to Stockholders |  | (10,061 | ) |  |  | — |  |  |  | — |  |  |  | (10,061 | )
Shares Redeemed to Settle Employee Taxes on Stock Compensation |  | (1,728 | ) |  |  | — |  |  |  | — |  |  |  | (1,728 | )
Purchase and Retirement of Common Stock |  | (10,744 | ) |  |  | — |  |  |  | — |  |  |  | (10,744 | )
Proceed from Stock Option Exercises |  | 2,580 |  |  |  | — |  |  |  | — |  |  |  | 2,580 |
Excess Tax Benefits from Share Based Payment Arrangements |  | 2,494 |  |  |  | — |  |  |  | — |  |  |  | 2,494 |
Intra-entity Activity, net |  | 93,382 |  |  |  | (93,382 | ) |  |  | — |  |  |  | — |
Net Cash Provided by (Used in) Financing Activities |  | 72,923 |  |  |  | (93,382 | ) |  |  | — |  |  |  | (20,459 | )
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS |  | (319 | ) |  |  | (847 | ) |  |  | — |  |  |  | (1,166 | )
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD |  | 3,644 |  |  |  | 3,870 |  |  |  | — |  |  |  | 7,514 |
CASH AND CASH EQUIVALENTS AT END OF PERIOD | $ | 3,325 |  |  | $ | 3,023 |  |  | $ | — |  |  | $ | 6,348 |

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