XML 23 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Earnings $ 198,219 $ 152,592 $ 186,853
Adjustments to Reconcile Net Earnings to Net Cash Provided by Operating Activities, Net of Effect of Non-Cash Activity -      
Depreciation, Depletion and Amortization 91,791 97,105 76,299
Inventory Adjustment to Net Realizable Value 8,492 9,382  
Impairment of Intangible Assets   34,999  
Reduction of Prepaid Sand Liability (2,000) (10,658)  
Deferred Income Tax Provision 2,203 (2,323) 5,805
Stock Compensation Expense 12,069 17,346 13,030
Excess Tax Benefits from Share Based Payment Arrangements (10,349) (4,102) (5,743)
Equity in Earnings of Unconsolidated Joint Venture (42,386) (39,083) (44,967)
Distributions from Joint Venture 43,250 37,250 40,375
Changes in Operating Assets and Liabilities:      
Accounts and Notes Receivable (14,235) (4,553) 4,196
Inventories (6,636) (15,122) (38,741)
Accounts Payable and Accrued Liabilities 33,687 (7,061) (11,499)
Other Assets 788 4,468 520
Income Taxes Payable 16,705 (4,473) 7,993
Net Cash Provided by Operating Activities 331,598 265,767 234,121
CASH FLOWS FROM INVESTING ACTIVITIES      
Additions to Property, Plant and Equipment (56,938) (89,563) (111,573)
Acquisition Spending (400,488) (32,427) (237,171)
Net Cash Used in Investing Activities (457,426) (121,990) (348,744)
CASH FLOWS FROM FINANCING ACTIVITIES      
Increase (Decrease) in Credit Facility (157,000) 52,000 141,000
Repayment of Senior Notes (8,000) (57,045) (9,500)
Issuance of Long-term Debt 350,000    
Dividends Paid to Stockholders (19,341) (20,020) (20,072)
Purchase and Retirement of Common Stock (60,013) (123,530)  
Proceeds from Stock Option Exercises 22,108 2,866 4,311
Shares Redeemed to Settle Employee Taxes on Stock Compensation (4,468) (4,273) (4,166)
Payment of Debt Issuance Costs (6,637)   (1,661)
Excess Tax Benefits from Share Based Payment Arrangements 10,349 4,102 5,743
Net Cash Provided by (Used in) Financing Activities 126,998 (145,900) 115,655
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 1,170 (2,123) 1,032
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 5,391 7,514 6,482
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 6,561 $ 5,391 $ 7,514