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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, 2018
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, 2018 |  | Parent |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Revenue |  | $ | — |  |  | $ | 393,756 |  |  | $ | — |  |  | $ | 393,756 |
Cost of Goods Sold |  |  | — |  |  |  | 302,122 |  |  |  | — |  |  |  | 302,122 |
Gross Profit |  |  | — |  |  |  | 91,634 |  |  |  | — |  |  |  | 91,634 |
Equity in Earnings of Unconsolidated Joint Venture |  |  | 9,251 |  |  |  | 9,251 |  |  |  | (9,251 | ) |  |  | 9,251 |
Equity in Earnings of Subsidiaries |  |  | 67,258 |  |  |  | — |  |  |  | (67,258 | ) |  |  | — |
Corporate General and Administrative Expenses |  |  | (6,729 | ) |  |  | (1,274 | ) |  |  | — |  |  |  | (8,003 | )
Legal Settlements |  |  | — |  |  |  | (1,800 | ) |  |  | — |  |  |  | (1,800 | )
Other Non-Operating Income |  |  | (93 | ) |  |  | 664 |  |  |  | — |  |  |  | 571 |
Interest Expense, net |  |  | (6,619 | ) |  |  | (13 | ) |  |  | — |  |  |  | (6,632 | )
Earnings before Income Taxes |  |  | 63,068 |  |  |  | 98,462 |  |  |  | (76,509 | ) |  |  | 85,021 |
Income Taxes |  |  | 3,271 |  |  |  | (21,953 | ) |  |  | — |  |  |  | (18,682 | )
Net Earnings |  | $ | 66,339 |  |  | $ | 76,509 |  |  | $ | (76,509 | ) |  | $ | 66,339 |
Net Earnings |  | $ | 66,339 |  |  | $ | 76,509 |  |  | $ | (76,509 | ) |  | $ | 66,339 |
Net Actuarial Change in Benefit Plans, net of tax |  |  | 56 |  |  |  | 56 |  |  |  | (56 | ) |  |  | 56 |
Comprehensive Earnings |  | $ | 66,395 |  |  | $ | 76,565 |  |  | $ | (76,565 | ) |  | $ | 66,395 |
Condensed Consolidating Statement of Earnings and Comprehensive Earnings For the Three Months Ended June 30, 2017 |  | Parent |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Revenue |  | $ | — |  |  | $ | 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 |  |  | 58,296 |  |  |  | — |  |  |  | (58,296 | ) |  |  | — |
Corporate General and Administrative Expenses |  |  | (8,648 | ) |  |  | (1,031 | ) |  |  | — |  |  |  | (9,679 | )
Other Non-Operating Income |  |  | (167 | ) |  |  | 924 |  |  |  | — |  |  |  | 757 |
Interest Expense, net |  |  | (12,962 | ) |  |  | 5,479 |  |  |  | — |  |  |  | (7,483 | )
Earnings before Income Taxes |  |  | 46,395 |  |  |  | 101,307 |  |  |  | (68,172 | ) |  |  | 79,530 |
Income Taxes |  |  | 8,487 |  |  |  | (33,135 | ) |  |  | — |  |  |  | (24,648 | )
Net Earnings |  | $ | 54,882 |  |  | $ | 68,172 |  |  | $ | (68,172 | ) |  | $ | 54,882 |
Net Earnings |  | $ | 54,882 |  |  | $ | 68,172 |  |  | $ | (68,172 | ) |  |  | 54,882 |
Net Actuarial Change in Benefit Plans, net of tax |  |  | 197 |  |  |  | 197 |  |  |  | (197 | ) |  |  | 197 |
Comprehensive Earnings |  | $ | 55,079 |  |  | $ | 68,369 |  |  | $ | (68,369 | ) |  | $ | 55,079 |
Condensed Consolidating Balance Sheet |
Condensed Consolidating Balance Sheet At June 30, 2018 |  | Parent |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Assets - |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents |  | $ | 10,325 |  |  | $ | 4,009 |  |  | $ | — |  |  | $ | 14,334 |
Restricted Cash |  |  | 38,753 |  |  |  | — |  |  |  | — |  |  |  | 38,753 |
Accounts and Notes Receivable |  |  | 1,057 |  |  |  | 183,026 |  |  |  | — |  |  |  | 184,083 |
Inventories |  |  | — |  |  |  | 241,000 |  |  |  | — |  |  |  | 241,000 |
Income Tax Receivable |  |  | 7,315 |  |  |  | — |  |  |  | — |  |  |  | 7,315 |
Prepaid and Other Current Assets |  |  | 362 |  |  |  | 7,942 |  |  |  | — |  |  |  | 8,304 |
Total Current Assets |  |  | 57,812 |  |  |  | 435,977 |  |  |  | — |  |  |  | 493,789 |
Property, Plant, and Equipment - |  |  | 3,215 |  |  |  | 2,624,046 |  |  |  | — |  |  |  | 2,627,261 |
Less: Accumulated Depreciation |  |  | (1,127 | ) |  |  | (1,008,599 | ) |  |  | — |  |  |  | (1,009,726 | )
Property, Plant and Equipment, net |  |  | 2,088 |  |  |  | 1,615,447 |  |  |  | — |  |  |  | 1,617,535 |
Notes Receivable |  |  | — |  |  |  | 3,266 |  |  |  | — |  |  |  | 3,266 |
Investment in Joint Venture |  |  | 70 |  |  |  | 60,239 |  |  |  | — |  |  |  | 60,309 |
Investments in Subsidiaries and Receivables from Affiliates |  |  | 2,273,998 |  |  |  | 183,393 |  |  |  | (2,457,391 | ) |  |  | — |
Goodwill and Intangible Assets, net |  |  | — |  |  |  | 238,541 |  |  |  | — |  |  |  | 238,541 |
Other Assets |  |  | 4,507 |  |  |  | 9,028 |  |  |  | — |  |  |  | 13,535 |
|  | $ | 2,338,475 |  |  | $ | 2,545,891 |  |  | $ | (2,457,391 | ) |  | $ | 2,426,975 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Liabilities- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts Payable |  | $ | 6,305 |  |  | $ | 86,877 |  |  | $ | — |  |  | $ | 93,182 |
Accrued Liabilities |  |  | 59,355 |  |  |  | 36,555 |  |  |  | — |  |  |  | 95,910 |
Total Current Liabilities |  |  | 65,660 |  |  |  | 123,432 |  |  |  | — |  |  |  | 189,092 |
Long-term Debt |  |  | 651,090 |  |  |  | — |  |  |  | — |  |  |  | 651,090 |
Other Long-term Liabilities |  |  | 72 |  |  |  | 30,086 |  |  |  | — |  |  |  | 30,158 |
Payables to Affiliates |  |  | 183,393 |  |  |  | 5,722,177 |  |  |  | (5,905,570 | ) |  |  | — |
Deferred Income Taxes |  |  | 6,781 |  |  |  | 118,375 |  |  |  | — |  |  |  | 125,156 |
Total Liabilities |  |  | 906,996 |  |  |  | 5,994,070 |  |  |  | (5,905,570 | ) |  |  | 995,496 |
Total Stockholders’ Equity |  |  | 1,431,479 |  |  |  | (3,448,179 | ) |  |  | 3,448,179 |  |  |  | 1,431,479 |
|  | $ | 2,338,475 |  |  | $ | 2,545,891 |  |  | $ | (2,457,391 | ) |  | $ | 2,426,975 |
Condensed Consolidating Balance Sheet At March 31, 2018 |  | Parent |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Assets - |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents |  | $ | 5,784 |  |  | $ | 3,531 |  |  | $ | — |  |  | $ | 9,315 |
Restricted Cash |  |  | 38,753 |  |  |  | — |  |  |  | — |  |  |  | 38,753 |
Accounts and Notes Receivable |  |  | 407 |  |  |  | 141,278 |  |  |  | — |  |  |  | 141,685 |
Inventories |  |  | — |  |  |  | 258,159 |  |  |  | — |  |  |  | 258,159 |
Income Tax Receivable |  |  | 109,510 |  |  |  | — |  |  |  | (103,760 | ) |  |  | 5,750 |
Prepaid and Other Current Assets |  |  | 665 |  |  |  | 4,408 |  |  |  | — |  |  |  | 5,073 |
Total Current Assets |  |  | 155,119 |  |  |  | 407,376 |  |  |  | (103,760 | ) |  |  | 458,735 |
Property, Plant, and Equipment - |  |  | 3,188 |  |  |  | 2,583,340 |  |  |  | — |  |  |  | 2,586,528 |
Less: Accumulated Depreciation |  |  | (1,089 | ) |  |  | (990,140 | ) |  |  | — |  |  |  | (991,229 | )
Property, Plant and Equipment, net |  |  | 2,099 |  |  |  | 1,593,200 |  |  |  | — |  |  |  | 1,595,299 |
Notes Receivable |  |  | — |  |  |  | 115 |  |  |  | — |  |  |  | 115 |
Investment in Joint Venture |  |  | 70 |  |  |  | 60,488 |  |  |  | — |  |  |  | 60,558 |
Investments in Subsidiaries and Receivables from Affiliates |  |  | 2,718,809 |  |  |  | 762,340 |  |  |  | (3,481,149 | ) |  |  | — |
Goodwill and Intangible Assets, net |  |  | — |  |  |  | 239,342 |  |  |  | — |  |  |  | 239,342 |
Other Assets |  |  | 5,417 |  |  |  | 8,537 |  |  |  | — |  |  |  | 13,954 |
|  | $ | 2,881,514 |  |  | $ | 3,071,398 |  |  | $ | (3,584,909 | ) |  | $ | 2,368,003 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Liabilities- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts Payable |  | $ | 5,591 |  |  | $ | 67,868 |  |  | $ | — |  |  | $ | 73,459 |
Accrued Liabilities |  |  | 67,387 |  |  |  | 38,483 |  |  |  | — |  |  |  | 105,870 |
Income Tax Payable |  |  | — |  |  |  | 103,760 |  |  |  | (103,760 | ) |  |  | — |
Total Current Liabilities |  |  | 72,978 |  |  |  | 210,111 |  |  |  | (103,760 | ) |  |  | 179,329 |
Long-term Debt |  |  | 620,922 |  |  |  | — |  |  |  | — |  |  |  | 620,922 |
Other Long-term Liabilities |  |  | 124 |  |  |  | 30,972 |  |  |  | — |  |  |  | 31,096 |
Payables to Affiliates |  |  | 762,340 |  |  |  | 5,608,236 |  |  |  | (6,370,576 | ) |  |  | — |
Deferred Income Taxes |  |  | 7,460 |  |  |  | 111,506 |  |  |  | — |  |  |  | 118,966 |
Total Liabilities |  |  | 1,463,824 |  |  |  | 5,960,825 |  |  |  | (6,474,336 | ) |  |  | 950,313 |
Total Stockholders’ Equity |  |  | 1,417,690 |  |  |  | (2,889,427 | ) |  |  | 2,889,427 |  |  |  | 1,417,690 |
|  | $ | 2,881,514 |  |  | $ | 3,071,398 |  |  | $ | (3,584,909 | ) |  | $ | 2,368,003 |
Condensed Consolidating Statement of Cash Flows |
Condensed Consolidating Statement of Cash Flows For the Three Months Ended June 30, 2018 |  | Parent |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Cash Provided by (Used in) Operating Activities |  | $ | (21,444 | ) |  | $ | 103,353 |  |  | $ | — |  |  | $ | 81,909 |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Additions to Property, Plant, and Equipment |  |  | (27 | ) |  |  | (53,046 | ) |  |  | — |  |  |  | (53,073 | )
Proceeds from Sale of Property, Plant, and Equipment |  |  | — |  |  |  | 2,281 |  |  |  | — |  |  |  | 2,281 |
Net Cash Used in Investing Activities |  |  | (27 | ) |  |  | (50,765 | ) |  |  | — |  |  |  | (50,792 | )
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Increase in Credit Facility |  |  | 30,000 |  |  |  | — |  |  |  | — |  |  |  | 30,000 |
Dividends Paid to Stockholders |  |  | (4,790 | ) |  |  | — |  |  |  | — |  |  |  | (4,790 | )
Purchase and Retirement of Common Stock |  |  | (52,344 | ) |  |  | — |  |  |  | — |  |  |  | (52,344 | )
Proceeds from Stock Option Exercises |  |  | 1,992 |  |  |  | — |  |  |  | — |  |  |  | 1,992 |
Shares Redeemed to Settle Employee Taxes on Stock Compensation |  |  | (956 | ) |  |  | — |  |  |  | — |  |  |  | (956 | )
Intra-entity Activity, net |  |  | 52,110 |  |  |  | (52,110 | ) |  |  | — |  |  |  | — |
Net Cash Provided by (Used in) Financing Activities |  |  | 26,012 |  |  |  | (52,110 | ) |  |  | — |  |  |  | (26,098 | )
NET INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH |  |  | 4,541 |  |  |  | 478 |  |  |  | — |  |  |  | 5,019 |
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD |  |  | 44,537 |  |  |  | 3,531 |  |  |  | — |  |  |  | 48,068 |
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD |  | $ | 49,078 |  |  | $ | 4,009 |  |  | $ | — |  |  | $ | 53,087 |
Condensed Consolidating Statement of Cash Flows For the 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 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property, Plant, and Equipment Additions |  |  | — |  |  |  | (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 AND RESTRICTED CASH |  |  | 5,498 |  |  |  | 174 |  |  |  | — |  |  |  | 5,672 |
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD |  |  | 5,184 |  |  |  | 1,377 |  |  |  | — |  |  |  | 6,561 |
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD |  | $ | 10,682 |  |  | $ | 1,551 |  |  | $ | — |  |  | $ | 12,233 |

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