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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, 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 September 30, 2017 |  | Parent |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Revenues |  | $ | — |  |  | $ | 376,315 |  |  | $ | — |  |  | $ | 376,315 |
Cost of Goods Sold |  |  | — |  |  |  | 279,561 |  |  |  | — |  |  |  | 279,561 |
Gross Profit |  |  | — |  |  |  | 96,754 |  |  |  | — |  |  |  | 96,754 |
Equity in Earnings of Unconsolidated Joint Venture |  |  | 11,955 |  |  |  | 11,955 |  |  |  | (11,955 | ) |  |  | 11,955 |
Equity in Earnings of Subsidiaries |  |  | 64,496 |  |  |  | — |  |  |  | (64,496 | ) |  |  | — |
Corporate General and Administrative Expenses |  |  | (9,178 | ) |  |  | (643 | ) |  |  | — |  |  |  | (9,821 | )
Other Income (Loss) |  |  | (179 | ) |  |  | 1,066 |  |  |  | — |  |  |  | 887 |
Interest Expense, net |  |  | (13,833 | ) |  |  | 6,377 |  |  |  | — |  |  |  | (7,456 | )
Earnings before Income Taxes |  |  | 53,261 |  |  |  | 115,509 |  |  |  | (76,451 | ) |  |  | 92,319 |
Income Taxes |  |  | 10,101 |  |  |  | (39,058 | ) |  |  | — |  |  |  | (28,957 | )
Net Earnings |  | $ | 63,362 |  |  | $ | 76,451 |  |  | $ | (76,451 | ) |  | $ | 63,362 |
Net Earnings |  | $ | 63,362 |  |  | $ | 76,451 |  |  | $ | (76,451 | ) |  | $ | 63,362 |
Net Actuarial Change in Benefit Plans, net of tax |  |  | 197 |  |  |  | 197 |  |  |  | (197 | ) |  |  | 197 |
Comprehensive Earnings |  | $ | 63,559 |  |  | $ | 76,648 |  |  | $ | (76,648 | ) |  | $ | 63,559 |
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 Six Months Ended September 30, 2017 |  | Parent |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Revenues |  | $ | — |  |  | $ | 742,436 |  |  | $ | — |  |  | $ | 742,436 |
Cost of Goods Sold |  |  | — |  |  |  | 559,623 |  |  |  | — |  |  |  | 559,623 |
Gross Profit |  |  | — |  |  |  | 182,813 |  |  |  | — |  |  |  | 182,813 |
Equity in Earnings of Unconsolidated Joint Venture |  |  | 21,831 |  |  |  | 21,831 |  |  |  | (21,831 | ) |  |  | 21,831 |
Equity in Earnings of Subsidiaries |  |  | 122,792 |  |  |  | — |  |  |  | (122,792 | ) |  |  | — |
Corporate General and Administrative Expenses |  |  | (17,826 | ) |  |  | (1,674 | ) |  |  | — |  |  |  | (19,500 | )
Other Income (Loss) |  |  | (346 | ) |  |  | 1,990 |  |  |  | — |  |  |  | 1,644 |
Interest Expense, net |  |  | (26,795 | ) |  |  | 11,856 |  |  |  | — |  |  |  | (14,939 | )
Earnings before Income Taxes |  |  | 99,656 |  |  |  | 216,816 |  |  |  | (144,623 | ) |  |  | 171,849 |
Income Taxes |  |  | 18,588 |  |  |  | (72,193 | ) |  |  | — |  |  |  | (53,605 | )
Net Earnings |  | $ | 118,244 |  |  | $ | 144,623 |  |  | $ | (144,623 | ) |  | $ | 118,244 |
Net Earnings |  | $ | 118,244 |  |  | $ | 144,623 |  |  | $ | (144,623 | ) |  | $ | 118,244 |
Net Actuarial Change in Benefit Plans, net of tax |  |  | 394 |  |  |  | 394 |  |  |  | (394 | ) |  |  | 394 |
Comprehensive Earnings |  | $ | 118,638 |  |  | $ | 145,017 |  |  | $ | (145,017 | ) |  | $ | 118,638 |
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 Balance Sheet |
Condensed Consolidating Balance Sheet At September 30, 2017 |  | Parent |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Assets - |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents |  | $ | 29,062 |  |  | $ | 1,994 |  |  | $ | — |  |  | $ | 31,056 |
Accounts and Notes Receivable |  |  | 396 |  |  |  | 168,729 |  |  |  | — |  |  |  | 169,125 |
Inventories |  |  | — |  |  |  | 239,189 |  |  |  | — |  |  |  | 239,189 |
Prepaid and Other Current Assets |  |  | 595 |  |  |  | 6,845 |  |  |  | — |  |  |  | 7,440 |
Total Current Assets |  |  | 30,053 |  |  |  | 416,757 |  |  |  | — |  |  |  | 446,810 |
Property, Plant and Equipment - |  |  | 3,099 |  |  |  | 2,512,238 |  |  |  | — |  |  |  | 2,515,337 |
Less: Accumulated Depreciation |  |  | (999 | ) |  |  | (945,935 | ) |  |  | — |  |  |  | (946,934 | )
Property, Plant and Equipment, net |  |  | 2,100 |  |  |  | 1,566,303 |  |  |  | — |  |  |  | 1,568,403 |
Notes Receivable |  |  | — |  |  |  | 476 |  |  |  | — |  |  |  | 476 |
Investment in Joint Venture |  |  | 61 |  |  |  | 52,899 |  |  |  | — |  |  |  | 52,960 |
Investments in Subsidiaries and Receivables from Affiliates |  |  | 5,415,507 |  |  |  | 3,446,701 |  |  |  | (8,862,208 | ) |  |  | — |
Goodwill and Intangible Assets, net |  |  | — |  |  |  | 240,947 |  |  |  | — |  |  |  | 240,947 |
Other Assets |  |  | 5,521 |  |  |  | 5,924 |  |  |  | — |  |  |  | 11,445 |
|  | $ | 5,453,242 |  |  | $ | 5,730,007 |  |  | $ | (8,862,208 | ) |  | $ | 2,321,041 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Liabilities- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts Payable |  | $ | 6,067 |  |  | $ | 73,127 |  |  | $ | — |  |  | $ | 79,194 |
Accrued Liabilities |  |  | 19,787 |  |  |  | 40,001 |  |  |  | — |  |  |  | 59,788 |
Income Tax Payable |  |  | 1,211 |  |  |  | — |  |  |  | — |  |  |  | 1,211 |
Current Portion of Long-term Debt |  |  | 81,214 |  |  |  | — |  |  |  | — |  |  |  | 81,214 |
Total Current Liabilities |  |  | 108,279 |  |  |  | 113,128 |  |  |  | — |  |  |  | 221,407 |
Long-term Debt |  |  | 575,588 |  |  |  | — |  |  |  | — |  |  |  | 575,588 |
Other Long-term Liabilities |  |  | 157 |  |  |  | 43,881 |  |  |  | — |  |  |  | 44,038 |
Payables to Affiliates |  |  | 3,446,701 |  |  |  | 2,970,110 |  |  |  | (6,416,811 | ) |  |  | — |
Deferred Income Taxes |  |  | 9,844 |  |  |  | 157,491 |  |  |  | — |  |  |  | 167,335 |
Total Liabilities |  |  | 4,140,569 |  |  |  | 3,284,610 |  |  |  | (6,416,811 | ) |  |  | 1,008,368 |
Total Stockholders’ Equity |  |  | 1,312,673 |  |  |  | 2,445,397 |  |  |  | (2,445,397 | ) |  |  | 1,312,673 |
|  | $ | 5,453,242 |  |  | $ | 5,730,007 |  |  | $ | (8,862,208 | ) |  | $ | 2,321,041 |
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 Six Months ended September 30, 2017 |  | Parent |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Cash Provided by Operating Activities |  | $ | 21,447 |  |  | $ | 131,301 |  |  | $ | — |  |  | $ | 152,748 |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property, Plant and Equipment Additions |  |  | — |  |  |  | (44,851 | ) |  |  | — |  |  |  | (44,851 | )
Acquisition Spending |  |  | — |  |  |  | (36,761 | ) |  |  | — |  |  |  | (36,761 | )
Net Cash Used in Investing Activities |  |  | — |  |  |  | (81,612 | ) |  |  | — |  |  |  | (81,612 | )
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Decrease in Credit Facility |  |  | (30,000 | ) |  |  | — |  |  |  | — |  |  |  | (30,000 | )
Dividends Paid to Stockholders |  |  | (9,709 | ) |  |  | — |  |  |  | — |  |  |  | (9,709 | )
Purchase and Retirement of Common Stock |  |  | (24,903 | ) |  |  | — |  |  |  | — |  |  |  | (24,903 | )
Proceeds from Stock Option Exercises |  |  | 20,426 |  |  |  | — |  |  |  | — |  |  |  | 20,426 |
Shares Redeemed to Settle Employee Taxes on Stock Compensation |  |  | (2,455 | ) |  |  | — |  |  |  | — |  |  |  | (2,455 | )
Intra-entity Activity, net |  |  | 49,072 |  |  |  | (49,072 | ) |  |  | — |  |  |  | — |
Net Cash Provided by (Used in) Financing Activities |  |  | 2,431 |  |  |  | (49,072 | ) |  |  | — |  |  |  | (46,641 | )
NET INCREASE IN CASH AND CASH EQUIVALENTS |  |  | 23,878 |  |  |  | 617 |  |  |  | — |  |  |  | 24,495 |
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD |  |  | 5,184 |  |  |  | 1,377 |  |  |  | — |  |  |  | 6,561 |
CASH AND CASH EQUIVALENTS AT END OF PERIOD |  | $ | 29,062 |  |  | $ | 1,994 |  |  | $ | — |  |  | $ | 31,056 |
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 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property, Plant and Equipment Additions |  |  | (233 | ) |  |  | (17,998 | ) |  |  | — |  |  |  | (18,231 | )
Net Cash Used in Investing Activities |  |  | (233 | ) |  |  | (17,998 | ) |  |  | — |  |  |  | (18,231 | )
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Decrease in Credit Facility |  |  | (382,000 | ) |  |  | — |  |  |  | — |  |  |  | (382,000 | )
Issuance of Long-term Debt |  |  | 350,000 |  |  |  | — |  |  |  | — |  |  |  | 350,000 |
Payment of Debt Issuance Costs |  |  | (6,637 | ) |  |  | — |  |  |  | — |  |  |  | (6,637 | )
Dividends Paid to Stockholders |  |  | (9,677 | ) |  |  | — |  |  |  | — |  |  |  | (9,677 | )
Shares Redeemed to Settle Employee Taxes on Stock Compensation |  |  | (2,965 | ) |  |  | — |  |  |  | — |  |  |  | (2,965 | )
Purchase and Retirement of Common Stock |  |  | (60,013 | ) |  |  | — |  |  |  | — |  |  |  | (60,013 | )
Proceed from Stock Option Exercises |  |  | 12,992 |  |  |  | — |  |  |  | — |  |  |  | 12,992 |
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 (DECREASE) 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 |

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