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FINANCIAL STATEMENTS FOR GUARANTORS OF THE 4.500% SENIOR UNSECURED NOTES (Tables) | 3 Months Ended
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Jun. 30, 2017
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 June 30, 2017 |  | Parent |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Revenues |  | $ | — |  |  | $ | 366,121 |  |  | $ | — |  |  | $ | 366,121 |
Cost of Goods Sold |  |  | — |  |  |  | 280,062 |  |  |  | — |  |  |  | 280,062 |
Gross Profit |  |  | — |  |  |  | 86,059 |  |  |  | — |  |  |  | 86,059 |
Equity in Earnings of Unconsolidated Joint Venture |  |  | 9,876 |  |  |  | 9,876 |  |  |  | (9,876 | ) |  |  | 9,876 |
Equity in Earnings of Subsidiaries |  |  | 68,173 |  |  |  | — |  |  |  | (68,173 | ) |  |  | — |
Corporate General and Administrative Expenses |  |  | (8,648 | ) |  |  | (1,031 | ) |  |  | — |  |  |  | (9,679 | )
Other Income (Loss) |  |  | (167 | ) |  |  | 924 |  |  |  | — |  |  |  | 757 |
Interest Expense, net |  |  | (12,962 | ) |  |  | 5,479 |  |  |  | — |  |  |  | (7,483 | )
Earnings before Income Taxes |  |  | 56,272 |  |  |  | 101,307 |  |  |  | (78,049 | ) |  |  | 79,530 |
Income Taxes |  |  | 8,487 |  |  |  | (33,135 | ) |  |  | — |  |  |  | (24,648 | )
Net Earnings |  | $ | 64,759 |  |  | $ | 68,172 |  |  | $ | (78,049 | ) |  | $ | 54,882 |
Net Earnings |  | $ | 64,759 |  |  | $ | 68,172 |  |  | $ | (78,049 | ) |  | $ | 54,882 |
Net Actuarial Change in Benefit Plans, net of tax |  |  | 197 |  |  |  | 197 |  |  |  | (197 | ) |  |  | 197 |
Comprehensive Earnings |  | $ | 64,956 |  |  | $ | 68,369 |  |  | $ | (78,246 | ) |  | $ | 55,079 |
Condensed Consolidating Statement of Earnings and Comprehensive Earnings For the Three Months Ended June 30, 2016 |  | Parent |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Revenues |  | $ | — |  |  | $ | 297,504 |  |  | $ | — |  |  | $ | 297,504 |
Cost of Goods Sold |  |  | — |  |  |  | 225,549 |  |  |  | — |  |  |  | 225,549 |
Gross Profit |  |  | — |  |  |  | 71,955 |  |  |  | — |  |  |  | 71,955 |
Equity in Earnings of Unconsolidated Joint Venture |  |  | 7,980 |  |  |  | 7,980 |  |  |  | (7,980 | ) |  |  | 7,980 |
Equity in Earnings of Subsidiaries |  |  | 49,703 |  |  |  | — |  |  |  | (49,703 | ) |  |  | — |
Corporate General and Administrative Expenses |  |  | (8,231 | ) |  |  | (1,602 | ) |  |  | — |  |  |  | (9,833 | )
Other Income (Loss) |  |  | (77 | ) |  |  | 1,152 |  |  |  | — |  |  |  | 1,075 |
Interest Expense, net |  |  | (10,011 | ) |  |  | 6,110 |  |  |  | — |  |  |  | (3,901 | )
Earnings before Income Taxes |  |  | 39,364 |  |  |  | 85,595 |  |  |  | (57,683 | ) |  |  | 67,276 |
Income Taxes |  |  | 5,980 |  |  |  | (27,912 | ) |  |  | — |  |  |  | (21,932 | )
Net Earnings |  | $ | 45,344 |  |  | $ | 57,683 |  |  | $ | (57,683 | ) |  |  | 45,344 |
Net Earnings |  | $ | 45,344 |  |  | $ | 57,683 |  |  | $ | (57,683 | ) |  |  | 45,344 |
Net Actuarial Change in Benefit Plans, net of tax |  |  | 312 |  |  |  | 312 |  |  |  | (312 | ) |  |  | 312 |
Comprehensive Earnings |  | $ | 45,656 |  |  | $ | 57,995 |  |  | $ | (57,995 | ) |  | $ | 45,656 |
Condensed Consolidating Balance Sheet |
Condensed Consolidating Balance Sheet At June 30, 2017 |  | Parent |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Assets - |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents |  | $ | 10,682 |  |  | $ | 1,551 |  |  | $ | — |  |  | $ | 12,233 |
Accounts and Notes Receivable |  |  | 399 |  |  |  | 174,603 |  |  |  | — |  |  |  | 175,002 |
Inventories |  |  | — |  |  |  | 244,886 |  |  |  | — |  |  |  | 244,886 |
Income Tax Receivable |  |  | 10,252 |  |  |  | — |  |  |  | (10,252 | ) |  |  | — |
Prepaid and Other Current Assets |  |  | 689 |  |  |  | 7,492 |  |  |  | — |  |  |  | 8,181 |
Total Current Assets |  |  | 22,022 |  |  |  | 428,532 |  |  |  | (10,252 | ) |  |  | 440,302 |
Property, Plant and Equipment - |  |  | 2,925 |  |  |  | 2,451,875 |  |  |  | — |  |  |  | 2,454,800 |
Less: Accumulated Depreciation |  |  | (968 | ) |  |  | (918,764 | ) |  |  | — |  |  |  | (919,732 | )
Property, Plant and Equipment, net |  |  | 1,957 |  |  |  | 1,533,111 |  |  |  | — |  |  |  | 1,535,068 |
Notes Receivable |  |  | — |  |  |  | 653 |  |  |  | — |  |  |  | 653 |
Investment in Joint Venture |  |  | 56 |  |  |  | 53,694 |  |  |  | — |  |  |  | 53,750 |
Investments in Subsidiaries and Receivables from Affiliates |  |  | 5,230,160 |  |  |  | 3,309,550 |  |  |  | (8,539,710 | ) |  |  | — |
Goodwill and Intangible Assets, net |  |  | — |  |  |  | 234,707 |  |  |  | — |  |  |  | 234,707 |
Other Assets |  |  | 5,605 |  |  |  | 9,505 |  |  |  | — |  |  |  | 15,110 |
|  | $ | 5,259,800 |  |  | $ | 5,569,752 |  |  | $ | (8,549,962 | ) |  | $ | 2,279,590 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Liabilities- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts Payable |  | $ | 6,139 |  |  | $ | 72,624 |  |  | $ | — |  |  | $ | 78,763 |
Accrued Liabilities |  |  | 21,225 |  |  |  | 32,063 |  |  |  | — |  |  |  | 53,288 |
Income Tax Payable |  |  | — |  |  |  | 36,714 |  |  |  | (10,252 | ) |  |  | 26,462 |
Current Portion of Long-term Debt |  |  | 81,214 |  |  |  | — |  |  |  | — |  |  |  | 81,214 |
Total Current Liabilities |  |  | 108,578 |  |  |  | 141,401 |  |  |  | (10,252 | ) |  |  | 239,727 |
Long-term Debt |  |  | 580,421 |  |  |  | — |  |  |  | — |  |  |  | 580,421 |
Other Long-term Liabilities |  |  | 173 |  |  |  | 41,853 |  |  |  | — |  |  |  | 42,026 |
Payables to Affiliates |  |  | 3,309,550 |  |  |  | 2,861,409 |  |  |  | (6,170,959 | ) |  |  | — |
Deferred Income Taxes |  |  | 5,991 |  |  |  | 156,338 |  |  |  | — |  |  |  | 162,329 |
Total Liabilities |  |  | 4,004,713 |  |  |  | 3,201,001 |  |  |  | (6,181,211 | ) |  |  | 1,024,503 |
Total Stockholders’ Equity |  |  | 1,255,087 |  |  |  | 2,368,751 |  |  |  | (2,368,751 | ) |  |  | 1,255,087 |
|  | $ | 5,259,800 |  |  | $ | 5,569,752 |  |  | $ | (8,549,962 | ) |  | $ | 2,279,590 |
Condensed Consolidating Balance Sheet At March 31, 2017 |  | Parent |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Assets - |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents |  | $ | 5,184 |  |  | $ | 1,377 |  |  | $ | — |  |  | $ | 6,561 |
Accounts and Notes Receivable |  |  | 422 |  |  |  | 135,891 |  |  |  | — |  |  |  | 136,313 |
Inventories |  |  | — |  |  |  | 252,846 |  |  |  | — |  |  |  | 252,846 |
Income Tax Receivable |  |  | 33,196 |  |  |  | — |  |  |  | (33,196 | ) |  |  | — |
Prepaid and Other Current Assets |  |  | 484 |  |  |  | 4,420 |  |  |  | — |  |  |  | 4,904 |
Total Current Assets |  |  | 39,286 |  |  |  | 394,534 |  |  |  | (33,196 | ) |  |  | 400,624 |
Property, Plant and Equipment - |  |  | 2,914 |  |  |  | 2,436,524 |  |  |  | — |  |  |  | 2,439,438 |
Less: Accumulated Depreciation |  |  | (937 | ) |  |  | (891,664 | ) |  |  | — |  |  |  | (892,601 | )
Property, Plant and Equipment, net |  |  | 1,977 |  |  |  | 1,544,860 |  |  |  | — |  |  |  | 1,546,837 |
Notes Receivable |  |  | — |  |  |  | 815 |  |  |  | — |  |  |  | 815 |
Investment in Joint Venture |  |  | 51 |  |  |  | 48,569 |  |  |  | — |  |  |  | 48,620 |
Investments in Subsidiaries and Receivables from Affiliates |  |  | 5,126,289 |  |  |  | 3,252,309 |  |  |  | (8,378,598 | ) |  |  | — |
Goodwill and Intangible Assets, net |  |  | — |  |  |  | 235,505 |  |  |  | — |  |  |  | 235,505 |
Other Assets |  |  | 5,687 |  |  |  | 9,036 |  |  |  | — |  |  |  | 14,723 |
|  | $ | 5,173,290 |  |  | $ | 5,485,628 |  |  | $ | (8,411,794 | ) |  | $ | 2,247,124 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Liabilities- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts Payable |  | $ | 6,687 |  |  | $ | 85,506 |  |  | $ | — |  |  | $ | 92,193 |
Accrued Liabilities |  |  | 21,043 |  |  |  | 34,336 |  |  |  | — |  |  |  | 55,379 |
Income Tax Payable |  |  | 733 |  |  |  | 33,196 |  |  |  | (33,196 | ) |  |  | 733 |
Current Portion of Long-term Debt |  |  | 81,214 |  |  |  | — |  |  |  | — |  |  |  | 81,214 |
Total Current Liabilities |  |  | 109,677 |  |  |  | 153,038 |  |  |  | (33,196 | ) |  |  | 229,519 |
Long-term Debt |  |  | 605,253 |  |  |  | — |  |  |  | — |  |  |  | 605,253 |
Other Long-term Liabilities |  |  | 189 |  |  |  | 42,689 |  |  |  | — |  |  |  | 42,878 |
Payables to Affiliates |  |  | 3,252,309 |  |  |  | 2,825,710 |  |  |  | (6,078,019 | ) |  |  | — |
Deferred Income Taxes |  |  | 2,412 |  |  |  | 163,612 |  |  |  | — |  |  |  | 166,024 |
Total Liabilities |  |  | 3,969,840 |  |  |  | 3,185,049 |  |  |  | (6,111,215 | ) |  |  | 1,043,674 |
Total Stockholders’ Equity |  |  | 1,203,450 |  |  |  | 2,300,579 |  |  |  | (2,300,579 | ) |  |  | 1,203,450 |
|  | $ | 5,173,290 |  |  | $ | 5,485,628 |  |  | $ | (8,411,794 | ) |  | $ | 2,247,124 |
Condensed Consolidating Statement of Cash Flows |
Condensed Consolidating Statement of Cash Flows Three Months ended June 30, 2017 |  | Parent |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Cash Provided by (Used in) Operating Activities |  | $ | 16,506 |  |  | $ | 37,164 |  |  | $ | — |  |  | $ | 53,670 |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Additions to Property, Plant and Equipment |  |  | — |  |  |  | (16,160 | ) |  |  | — |  |  |  | (16,160 | )
Net Cash Used in Investing Activities |  |  | — |  |  |  | (16,160 | ) |  |  | — |  |  |  | (16,160 | )
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Repayment of Credit Facility |  |  | (25,000 | ) |  |  | — |  |  |  | — |  |  |  | (25,000 | )
Dividends Paid to Stockholders |  |  | (4,853 | ) |  |  | — |  |  |  | — |  |  |  | (4,853 | )
Purchase and Retirement of Common Stock |  |  | (1,880 | ) |  |  | — |  |  |  | — |  |  |  | (1,880 | )
Proceeds from Stock Option Exercises |  |  | 1,273 |  |  |  | — |  |  |  | — |  |  |  | 1,273 |
Shares Redeemed to Settle Employee Taxes on Stock Compensation |  |  | (1,378 | ) |  |  | — |  |  |  | — |  |  |  | (1,378 | )
Intra-entity Activity, net |  |  | 20,830 |  |  |  | (20,830 | ) |  |  | — |  |  |  | — |
Net Cash Provided by (Used in) Financing Activities |  |  | (11,008 | ) |  |  | (20,830 | ) |  |  | — |  |  |  | (31,838 | )
NET INCREASE IN CASH AND CASH EQUIVALENTS |  |  | 5,498 |  |  |  | 174 |  |  |  | — |  |  |  | 5,672 |
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD |  |  | 5,184 |  |  |  | 1,377 |  |  |  | — |  |  |  | 6,561 |
CASH AND CASH EQUIVALENTS AT END OF PERIOD |  | $ | 10,682 |  |  | $ | 1,551 |  |  | $ | — |  |  | $ | 12,233 |
Condensed Consolidating Statement of Cash Flows Three Months ended June 30, 2016 |  | Parent |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Cash Provided by (Used in) Operating Activities |  | $ | (35,457 | ) |  | $ | 89,540 |  |  | $ | — |  |  | $ | 54,083 |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Additions to Property, Plant and Equipment |  |  | — |  |  |  | (8,978 | ) |  |  | — |  |  |  | (8,978 | )
Net Cash Used in Investing Activities |  |  | — |  |  |  | (8,978 | ) |  |  | — |  |  |  | (8,978 | )
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Repayment of Credit Facility |  |  | (9,000 | ) |  |  | — |  |  |  | — |  |  |  | (9,000 | )
Dividends Paid to Stockholders |  |  | (4,828 | ) |  |  | — |  |  |  | — |  |  |  | (4,828 | )
Shares Redeemed to Settle Employee Taxes on Stock Compensation |  |  | (2,284 | ) |  |  | — |  |  |  | — |  |  |  | (2,284 | )
Purchase and Retirement of Common Stock |  |  | (39,135 | ) |  |  | — |  |  |  | — |  |  |  | (39,135 | )
Proceed from Stock Option Exercises |  |  | 10,632 |  |  |  | — |  |  |  | — |  |  |  | 10,632 |
Excess Tax Benefits from Share Based Payment Arrangements |  |  | 3,299 |  |  |  | — |  |  |  | — |  |  |  | 3,299 |
Intra-entity Activity, net |  |  | 77,474 |  |  |  | (77,474 | ) |  |  | — |  |  |  | — |
Net Cash Provided by (Used in) Financing Activities |  |  | 36,158 |  |  |  | (77,474 | ) |  |  | — |  |  |  | (41,316 | )
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS |  |  | 701 |  |  |  | 3,088 |  |  |  | — |  |  |  | 3,789 |
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD |  |  | 3,507 |  |  |  | 1,884 |  |  |  | — |  |  |  | 5,391 |
CASH AND CASH EQUIVALENTS AT END OF PERIOD |  | $ | 4,208 |  |  | $ | 4,972 |  |  | $ | — |  |  | $ | 9,180 |

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