XML 40 R24.htm IDEA: XBRL DOCUMENT v3.7.0.1
Significant Accounting Policies (Tables)
12 Months Ended
Mar. 31, 2017
Accounting Policies [Abstract]  
Schedule of Inventories

Inventories consist of the following:

 

 

 

March 31,

 

 

 

2017

 

 

2016

 

 

 

(dollars in thousands)

 

Raw Materials and Materials-in-Progress

 

$

122,736

 

 

$

119,060

 

Finished Cement

 

 

24,428

 

 

 

21,834

 

Gypsum Wallboard

 

 

7,951

 

 

 

5,839

 

Paperboard

 

 

8,635

 

 

 

7,575

 

Frac Sand

 

 

2,907

 

 

 

5,501

 

Aggregates

 

 

7,686

 

 

 

10,660

 

Repair Parts and Supplies

 

 

73,732

 

 

 

68,155

 

Fuel and Coal

 

 

4,771

 

 

 

4,971

 

 

 

$

252,846

 

 

$

243,595

 

 

Schedule of Property, Plant and Equipment Estimated Lives

The estimated lives of the related assets are as follows:

 

Plants

 

20 to 30 years

Buildings

 

20 to 40 years

Machinery and Equipment

 

3 to 25 years

 

Schedule of Intangible Assets, Including Impact of Impairment Charge

Intangible assets, including the impact of the impairment charges discussed above, at March 31, 2017 and 2016 consist of the following:

 

 

March 31, 2017

 

 

 

Amortization

Period

 

Cost

 

 

Accumulated

Amortization

 

 

Net

 

 

 

(dollars in thousands)

 

Goodwill and Intangible Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer Contracts and Relationships

 

15 years

 

$

72,260

 

 

$

(56,303

)

 

$

15,957

 

Sales Contracts

 

4 years

 

 

2,500

 

 

 

(2,500

)

 

 

 

Permits

 

40 years

 

 

28,440

 

 

 

(7,262

)

 

$

21,178

 

Goodwill

 

 

 

 

198,370

 

 

 

 

 

$

198,370

 

Total Goodwill and Intangible Assets

 

 

 

$

301,570

 

 

$

(66,065

)

 

$

235,505

 

 

 

 

March 31, 2016

 

 

 

Amortization

Period

 

Cost

 

 

Amortization                        Expense

 

 

Impairment

 

 

Accumulated

Amortization

 

 

Net

 

 

 

(dollars in thousands)

 

Intangible Assets and Goodwill:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer contracts and relationships

 

15 years

 

$

63,260

 

 

$

11,634

 

 

$

34,999

 

 

$

(52,627

)

 

$

10,633

 

Sales contracts

 

4 years

 

 

2,500

 

 

 

625

 

 

 

 

 

 

(2,083

)

 

$

417

 

Permits

 

40 years

 

 

27,440

 

 

 

652

 

 

 

 

 

 

(6,548

)

 

$

20,892

 

Goodwill

 

 

 

 

133,885

 

 

 

 

 

 

 

 

 

 

 

$

133,885

 

Total intangible assets and goodwill

 

 

 

$

227,085

 

 

$

12,911

 

 

$

34,999

 

 

$

(61,258

)

 

$

165,827

 

 

Schedule of Total Selling, General and Administrative Expenses

Total selling, general and administrative expenses for each of the periods are summarized as follows:

 

 

 

For the Years Ended March 31,

 

 

 

2017

 

 

2016

 

 

2015

 

 

 

(dollars in thousands)

 

Operating Units Selling, G&A

 

$

57,004

 

 

$

56,110

 

 

$

49,326

 

Corporate G&A

 

 

33,940

 

 

 

37,193

 

 

 

30,751

 

 

 

$

90,944

 

 

$

93,303

 

 

$

80,077

 

 

Schedule of Earnings Per Share

 

 

 

For the Years Ended March 31,

 

 

 

2017

 

 

2016

 

 

2015

 

Weighted-Average Shares of Common Stock

   Outstanding

 

 

47,931,518

 

 

 

49,471,157

 

 

 

49,604,249

 

Effect of Dilutive Shares:

 

 

 

 

 

 

 

 

 

 

 

 

Assumed Exercise of Outstanding Dilutive Options

 

 

1,000,556

 

 

 

1,146,807

 

 

 

1,350,556

 

Less Shares Repurchased from Proceeds of Assumed

   Exercised Options

 

 

(726,223

)

 

 

(768,886

)

 

 

(868,636

)

Restricted Stock Units

 

 

155,435

 

 

 

221,751

 

 

 

286,074

 

Weighted-Average Common Stock and Dilutive

   Securities Outstanding

 

 

48,361,286

 

 

 

50,070,829

 

 

 

50,372,243