XML 25 R7.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Earnings $ 68,860,000 $ 256,632,000 $ 198,219,000
Adjustments to Reconcile Net Earnings to Net Cash Provided by Operating Activities, Net of Effect of Non-Cash Activity:      
Depreciation, Depletion and Amortization 122,535,000 114,015,000 91,791,000
Inventory Adjustment to Net Realizable Value     8,492,000
Impairment Losses 220,265,000 0 0
Reduction of Prepaid Sand Liability     (2,000,000)
Deferred Income Tax Provision (28,371,000) (49,354,000) 2,203,000
Stock Compensation Expense 15,109,000 14,079,000 12,069,000
Excess Tax Benefits from Share-Based Payment Arrangements     (10,349,000)
Equity in Earnings of Unconsolidated Joint Venture (38,565,000) (43,419,000) (42,386,000)
Distributions from Joint Venture 34,250,000 31,500,000 43,250,000
Changes in Operating Assets and Liabilities:      
Accounts and Notes Receivable 10,180,000 (2,560,000) (14,235,000)
Inventories (19,016,000) (5,114,000) (6,636,000)
Accounts Payable and Accrued Liabilities (31,949,000) 24,173,000 33,687,000
Other Assets (3,284,000) 4,196,000 788,000
Income Taxes Payable (Receivable) 270,000 (6,483,000) 16,705,000
Net Cash Provided by Operating Activities 350,284,000 337,665,000 331,598,000
CASH FLOWS FROM INVESTING ACTIVITIES      
Additions to Property, Plant, and Equipment (168,873,000) (131,957,000) (56,938,000)
Acquisition Spending   (36,761,000) (400,488,000)
Proceeds from Sales of Property, Plant, and Equipment 2,281,000    
Net Cash Used in Investing Activities (166,592,000) (168,718,000) (457,426,000)
CASH FLOWS FROM FINANCING ACTIVITIES      
Increase (Decrease) in Credit Facility 70,000,000 15,000,000 (157,000,000)
Repayment of Private Placement Senior Unsecured Notes   (81,214,000) (8,000,000)
Issuance of Senior Unsecured Notes     350,000,000
Dividends Paid to Stockholders (18,927,000) (19,438,000) (19,341,000)
Purchase and Retirement of Common Stock (271,988,000) (61,078,000) (60,013,000)
Proceeds from Stock Option Exercises 2,103,000 24,264,000 22,108,000
Shares Redeemed to Settle Employee Taxes on Stock Compensation (4,347,000) (4,974,000) (4,468,000)
Payment of Debt Issuance Costs     (6,637,000)
Excess Tax Benefits from Share-Based Payment Arrangements     10,349,000
Net Cash Provided by (Used in) Financing Activities (223,159,000) (127,440,000) 126,998,000
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (39,467,000) 41,507,000 1,170,000
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD 48,068,000 6,561,000 5,391,000
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 8,601,000 $ 48,068,000 $ 6,561,000