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SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Mar. 31, 2019
Accounting Policies [Abstract]  
Schedule of Inventories Inventories consist of the following:

 

 

March 31,

 

 

 

2019

 

 

2018

 

 

 

(dollars in thousands)

 

Raw Materials and Materials-in-Progress

 

$

125,828

 

 

$

121,628

 

Finished Cement

 

 

27,826

 

 

 

24,089

 

Aggregates

 

 

7,351

 

 

 

7,787

 

Gypsum Wallboard

 

 

7,124

 

 

 

8,477

 

Paperboard

 

 

15,660

 

 

 

8,602

 

Frac Sand

 

 

2,557

 

 

 

1,696

 

Repair Parts and Supplies

 

 

80,676

 

 

 

79,878

 

Fuel and Coal

 

 

8,172

 

 

 

6,002

 

 

 

$

275,194

 

 

$

258,159

 

 

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, 2019 and 2018, consist of the following:

 

 

 

March 31, 2019

 

 

 

Amortization

Period

 

Cost

 

 

Accumulated

Amortization

 

 

Impairment

 

 

Net

 

 

 

(dollars in thousands)

 

Goodwill and Intangible Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer Contracts and Relationships

 

15 years

 

$

72,260

 

 

$

(61,009

)

 

$

(178

)

 

$

11,073

 

Sales Contracts

 

4 years

 

 

2,500

 

 

 

(2,500

)

 

 

 

 

 

 

Permits

 

40 years

 

 

28,640

 

 

 

(8,968

)

 

 

 

 

 

19,672

 

Goodwill

 

 

 

 

205,211

 

 

 

 

 

 

(6,841

)

 

 

198,370

 

Total Goodwill and Intangible Assets

 

 

 

$

308,611

 

 

$

(72,477

)

 

$

(7,019

)

 

$

229,115

 

 

 

 

March 31, 2018

 

 

 

Amortization

Period

 

Cost

 

 

Accumulated

Amortization

 

 

Net

 

 

 

(dollars in thousands)

 

Goodwill and Intangible Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer Contracts and Relationships

 

15 years

 

$

72,260

 

 

$

(58,732

)

 

$

13,528

 

Sales Contracts

 

4 years

 

 

2,500

 

 

 

(2,500

)

 

 

 

Permits

 

40 years

 

 

28,640

 

 

 

(8,037

)

 

 

20,603

 

Goodwill

 

 

 

 

205,211

 

 

 

 

 

 

205,211

 

Total Goodwill and Intangible Assets

 

 

 

$

308,611

 

 

$

(69,269

)

 

$

239,342

 

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,

 

 

 

2019

 

 

2018

 

 

2017

 

 

 

(dollars in thousands)

 

Operating Units Selling, G&A

 

$

53,787

 

 

$

62,529

 

 

$

57,004

 

Corporate G&A

 

 

37,371

 

 

 

41,205

 

 

 

33,940

 

 

 

$

91,158

 

 

$

103,734

 

 

$

90,944

 

Schedule of Earnings Per Share

 

 

For the Years Ended March 31,

 

 

 

2019

 

 

2018

 

 

2017

 

Weighted-Average Shares of Common Stock Outstanding

 

 

46,620,894

 

 

 

48,141,226

 

 

 

47,931,518

 

Effect of Dilutive Shares:

 

 

 

 

 

 

 

 

 

 

 

 

Assumed Exercise of Outstanding Dilutive Options

 

 

539,135

 

 

 

1,013,764

 

 

 

1,000,556

 

Less Shares Repurchased from Proceeds of Assumed Exercised Options

 

 

(374,380

)

 

 

(727,904

)

 

 

(726,223

)

Restricted Stock Units

 

 

146,731

 

 

 

218,900

 

 

 

155,435

 

Weighted-Average Common Stock and Dilutive Securities Outstanding

 

 

46,932,380

 

 

 

48,645,986

 

 

 

48,361,286