FINANCIAL STATEMENTS FOR GUARANTORS OF THE 4.500% SENIOR UNSECURED NOTES (Tables)

12 Months Ended

Mar. 31, 2019

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 Year Ended March 31, 2019	Parent			Guarantor Subsidiaries			Eliminations			Consolidated
Revenue	$	—		$	1,393,241		$	—		$	1,393,241
Cost of Goods Sold		—			1,066,673			—			1,066,673
Gross Profit		—			326,568			—			326,568
Equity in Earnings of Unconsolidated Joint Venture		38,565			38,565			(38,565	)		38,565
Equity in Earnings of Subsidiaries		77,954			—			(77,954	)		—
Corporate General and Administrative Expenses		(31,744	)		(5,627	)		—			(37,371	)
Impairment Losses		—			(220,265	)		—			(220,265	)
Legal Settlements		—			(1,800	)		—			(1,800	)
Other Non-Operating Income		(391	)		2,802			—			2,411
Interest Expense, net		(28,324	)		(49	)		—			(28,373	)
Earnings before Income Taxes		56,060			140,194			(116,519	)		79,735
Income Taxes		12,800			(23,675	)		—			(10,875	)
Net Earnings	$	68,860		$	116,519		$	(116,519	)	$	68,860
Net Earnings	$	68,860		$	116,519		$	(116,519	)	$	68,860
Net Actuarial Change in Benefit Plans, net of tax		696			696			(696	)		696
Comprehensive Earnings	$	69,556		$	117,215		$	(117,215	)	$	69,556

Condensed Consolidating Statement of Earnings and Comprehensive Earnings For the Year Ended March 31, 2018	Parent			Guarantor Subsidiaries			Eliminations			Consolidated
Revenue		—		$	1,386,520		$	—		$	1,386,520
Cost of Goods Sold		—			1,047,764			—			1,047,764
Gross Profit		—			338,756			—			338,756
Equity in Earnings of Unconsolidated Joint Venture		43,419			43,419			(43,419	)		43,419
Equity in Earnings of Subsidiaries		289,950			—			(289,950	)		-
Corporate General and Administrative Expenses		(37,825	)		(3,380	)		—			(41,205	)
Legal Settlements		(45,098	)		—			—			(45,098	)
Other Non-Operating Income		(233	)		3,961			—			3,728
Interest Expense, net		(27,609	)		(29	)		—			(27,638	)
Earnings before Income Taxes		222,604			382,727			(333,369	)		271,962
Income Taxes		34,028			(49,358	)		—			(15,330	)
Net Earnings	$	256,632		$	333,369		$	(333,369	)	$	256,632
Net Earnings	$	256,632		$	333,369		$	(333,369	)		256,632
Net Actuarial Change in Benefit Plans, net of tax		3,384			3,384			(3,384	)		3,384
Comprehensive Earnings	$	260,016		$	336,753		$	(336,753	)	$	260,016

Condensed Consolidating Statement of Earnings and Comprehensive Earnings For the Year Ended March 31, 2017	Parent			Guarantor Subsidiaries			Eliminations			Consolidated
Revenue	$	—		$	1,211,220		$	—		$	1,211,220
Cost of Goods Sold		—			899,175			—			899,175
Gross Profit		—			312,045			—			312,045
Equity in Earnings of Unconsolidated Joint Venture		42,386			42,386			(42,386	)		42,386
Equity in Earnings of Subsidiaries		210,923			—			(210,923	)		—
Corporate General and Administrative Expenses		(28,545	)		(5,395	)		—			(33,940	)
Other Non-Operating Income		(534	)		2,673			—			2,139
Acquisition-Related Expense		(5,480	)		—			—			(5,480	)
Interest Expense, net		(51,315	)		28,684			—			(22,631	)
Earnings before Income Taxes		167,435			380,393			(253,309	)		294,519
Income Taxes		30,784			(127,084	)		—			(96,300	)
Net Earnings	$	198,219		$	253,309		$	(253,309	)	$	198,219
Net Earnings	$	198,219		$	253,309		$	(253,309	)	$	198,219
Net Actuarial Change in Benefit Plans, net of tax		4,013			4,013			(4,013	)		4,013
Comprehensive Earnings	$	202,232		$	257,322		$	(257,322	)	$	202,232

Condensed Consolidating Balance Sheet

Condensed Consolidating Balance Sheet At March 31, 2019	Parent		Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
Current Assets -
Cash and Cash Equivalents	$	5,779	$	2,822		$	—		$	8,601
Accounts and Notes Receivable		437		128,285			—			128,722
Inventories		—		275,194			—			275,194
Income Tax Receivable		5,480		—			—			5,480
Prepaid and Other Current Assets		1,472		8,152			—			9,624
Total Current Assets		13,168		414,453			—			427,621
Property, Plant and Equipment, net		7,756		1,419,183			—			1,426,939
Notes Receivable		—		2,898			—			2,898
Investment in Joint Venture		70		64,803			—			64,873
Investments in Subsidiaries and Receivables from Affiliates		2,322,335		406,726			(2,729,061	)		—
Goodwill and Intangible Assets, net		—		229,115			—			229,115
Other Assets		4,571		13,146			—			17,717
	$	2,347,900	$	2,550,324		$	(2,729,061	)	$	2,169,163
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities-
Accounts Payable	$	5,520	$	75,364		$	—		$	80,884
Accrued Liabilities		22,470		39,479			—			61,949
Current Portion of Long-term Debt		36,500		—			—			36,500
Total Current Liabilities		64,490		114,843			—			179,333
Long-term Debt		655,092		—			—			655,092
Other Long-term Liabilities		3,303		31,189			—			34,492
Payables to Affiliates		406,727		5,730,093			(6,136,820	)		—
Deferred Income Taxes		8,801		81,958			—			90,759
Total Liabilities		1,138,413		5,958,083			(6,136,820	)		959,676
Total Stockholders’ Equity		1,209,487		(3,407,759	)		3,407,759			1,209,487
	$	2,347,900	$	2,550,324		$	(2,729,061	)	$	2,169,163

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, 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	)		—
Current Portion of Long-term Debt		—		—			—			—
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 Year Ended March 31, 2019	Parent			Guarantor Subsidiaries			Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES
Net Cash Provided by (Used in) Operating Activities	$	33,997		$	316,287		$	—	$	350,284
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to Property, Plant, and Equipment		(6,107	)		(162,766	)		—		(168,873	)
Proceeds from Sales of Property, Plant, and Equipment		—			2,281			—		2,281
Net Cash Used in Investing Activities		(6,107	)		(160,485	)		—		(166,592	)
CASH FLOWS FROM FINANCING ACTIVITIES
Increase in Credit Facility		70,000			—			—		70,000
Dividends Paid to Stockholders		(18,927	)		—			—		(18,927	)
Purchase and Retirement of Common Stock		(271,988	)		—			—		(271,988	)
Proceeds from Stock Option Exercises		2,103			—			—		2,103
Shares Redeemed to Settle Employee Taxes on Stock Compensation		(4,347	)		—			—		(4,347	)
Intra-entity Activity, net		156,511			(156,511	)		—		—
Net Cash Provided by (Used in) Financing Activities		(66,648	)		(156,511	)		—		(223,159	)
NET INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH		(38,758	)		(709	)		—		(39,467	)
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	$	5,779		$	2,822		$	—	$	8,601

Condensed Consolidating Statement of Cash Flows For the Year Ended March 31, 2018	Parent			Guarantor Subsidiaries			Eliminations			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES
Net Cash Provided by (Used in) Operating Activities	$	(83,947	)	$	421,612		$	—		$	337,665
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to Property, Plant, and Equipment		(142	)		(131,815	)		—			(131,957	)
Investment in Subsidiaries		(36,761	)		—			36,761			—
Acquisition Spending		—			(36,761	)		—			(36,761	)
Net Cash Used in Investing Activities		(36,903	)		(168,576	)		36,761			(168,718	)
CASH FLOWS FROM FINANCING ACTIVITIES
Increase in Credit Facility		15,000			—			—			15,000
Repayment of Private Placement Senior Unsecured Notes		(81,214	)		—			—			(81,214	)
Dividends Paid to Stockholders		(19,438	)		—			—			(19,438	)
Purchase and Retirement of Common Stock		(61,078	)		—			—			(61,078	)
Proceeds from Stock Option Exercises		24,264			—			—			24,264
Shares Redeemed to Settle Employee Taxes on Stock Compensation		(4,974	)		—			—			(4,974	)
Intra-entity Activity, net		287,643			(250,882	)		(36,761	)		—
Net Cash Provided by (Used in) Financing Activities		160,203			(250,882	)		(36,761	)		(127,440	)
NET INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH		39,353			2,154			—			41,507
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	$	44,537		$	3,531		$	—		$	48,068

Condensed Consolidating Statement of Cash Flows For the Year Ended March 31, 2017	Parent			Guarantor Subsidiaries			Eliminations			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES
Net Cash Provided by (Used in) Operating Activities	$	(64,376	)	$	395,974		$	—		$	331,598
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to Property, Plant, and Equipment		(697	)		(56,241	)		—			(56,938	)
Investment in Subsidiaries		(400,488	)		—			400,488			—
Acquisition Spending		—			(400,488	)		—			(400,488	)
Net Cash Used in Investing Activities		(401,185	)		(456,729	)		400,488			(457,426	)
CASH FLOWS FROM FINANCING ACTIVITIES
Increase in Credit Facility		(157,000	)		—			—			(157,000	)
Repayment of Private Placement Senior Unsecured Notes		(8,000	)		—			—			(8,000	)
Issuance of Senior Unsecured Notes		350,000			—			—			350,000
Payment of Debt Issuance Costs		(6,637	)		—			—			(6,637	)
Dividends Paid to Stockholders		(19,341	)		—			—			(19,341	)
Purchase and Retirement of Common Stock		(60,013	)		—			—			(60,013	)
Proceeds from Stock Option Exercises		22,108			—			—			22,108
Shares Redeemed to Settle Employee Taxes on Stock Compensation		(4,468	)		—			—			(4,468	)
Excess Tax Benefits from Share Based Payment Arrangements		10,349			—			—			10,349
Intra-entity Activity, net		340,240			60,248			(400,488	)		—
Net Cash Provided by (Used in) Financing Activities		467,238			60,248			(400,488	)		126,998
NET INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH		1,677			(507	)		—			1,170
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD		3,507			1,884			—			5,391
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	$	5,184		$	1,377		$	—		$	6,561