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

3 Months Ended

Jun. 30, 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 Three Months Ended June 30, 2019	Parent			Guarantor Subsidiaries			Eliminations			Consolidated
Revenue	$	—		$	370,597		$	—		$	370,597
Cost of Goods Sold		—			295,268			—			295,268
Gross Profit		—			75,329			—			75,329
Equity in Earnings of Unconsolidated Joint Venture		9,432			9,432			(9,432	)		9,432
Equity in Earnings of Subsidiaries		55,742			—			(55,742	)		—
Corporate General and Administrative Expenses		(20,968	)		(286	)		—			(21,254	)
Other Non-Operating Income		426			(226	)		—			200
Interest Expense, net		(8,834	)		(12	)		—			(8,846	)
Earnings before Income Taxes		35,798			84,237			(65,174	)		54,861
Income Taxes		5,506			(19,063	)		—			(13,557	)
Net Earnings	$	41,304		$	65,174		$	(65,174	)	$	41,304
Net Earnings	$	41,304		$	65,174		$	(65,174	)	$	41,304
Net Actuarial Change in Benefit Plans, net of tax		33			33			(33	)		33
Comprehensive Earnings	$	41,337		$	65,207		$	(65,207	)	$	41,337

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 Balance Sheet

Condensed Consolidating Balance Sheet At June 30, 2019	Parent		Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
Current Assets -
Cash and Cash Equivalents	$	16,881	$	2,281		$	—		$	19,162
Accounts and Notes Receivable		1,165		173,114			—			174,279
Inventories		—		263,612			—			263,612
Prepaid and Other Current Assets		890		8,574			—			9,464
Total Current Assets		18,936		447,581			—			466,517
Property, Plant, and Equipment, net		7,465		1,417,238			—			1,424,703
Notes Receivable		—		2,772			—			2,772
Investment in Joint Venture		70		71,235			—			71,305
Investments in Subsidiaries and Receivables from Affiliates		2,077,332		130,914			(2,208,246	)		—
Operating Lease Right of Use Assets		10,415		52,929			—			63,344
Goodwill and Intangible Assets, net		—		228,316			—			228,316
Other Assets		4,525		7,596			—			12,121
	$	2,118,743	$	2,358,581		$	(2,208,246	)	$	2,269,078
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities-
Accounts Payable	$	6,314	$	77,602		$	—		$	83,916
Accrued Liabilities		23,046		33,590			—			56,636
Income Taxes Payable		3,914		—			—			3,914
Operating Lease Liabilities		1,129		10,861			—			11,990
Current Portion of Long-term Debt		36,500		—			—			36,500
Total Current Liabilities		70,903		122,053			—			192,956
Long-term Debt		840,259		—			—			840,259
Noncurrent Lease Liabilities		13,109		42,775			—			55,884
Other Long-term Liabilities		—		30,257			—			30,257
Payables to Affiliates		130,914		6,027,256			(6,158,170	)		—
Deferred Income Taxes		8,292		86,164			—			94,456
Total Liabilities		1,063,477		6,308,505			(6,158,170	)		1,213,812
Total Stockholders’ Equity		1,055,266		(3,949,924	)		3,949,924			1,055,266
	$	2,118,743	$	2,358,581		$	(2,208,246	)	$	2,269,078

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 Receivables		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		2,322,334		406,726			(2,729,060	)		—
Goodwill and Intangible Assets, net		—		229,115			—			229,115
Other Assets		4,571		13,146			—			17,717
	$	2,347,899	$	2,550,324		$	(2,729,060	)	$	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		406,726		5,730,093			(6,136,819	)		—
Deferred Income Taxes		8,801		81,958			—			90,759
Total Liabilities		1,138,412		5,958,083			(6,136,819	)		959,676
Total Stockholders’ Equity		1,209,487		(3,407,759	)		3,407,759			1,209,487
	$	2,347,899	$	2,550,324		$	(2,729,060	)	$	2,169,163

Condensed Consolidating Statement of Cash Flows

Condensed Consolidating Statement of Cash Flows For the Three Months Ended June 30, 2019	Parent			Guarantor Subsidiaries			Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES
Net Cash Provided by (Used in) Operating Activities	$	(6,412	)	$	57,110		$	—	$	50,698
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to Property, Plant, and Equipment		—			(21,813	)		—		(21,813	)
Net Cash Used in Investing Activities		—			(21,813	)		—		(21,813	)
CASH FLOWS FROM FINANCING ACTIVITIES
Increase in Credit Facility		185,000			—			—		185,000
Dividends Paid to Stockholders		(4,499	)		—			—		(4,499	)
Purchase and Retirement of Common Stock		(198,355	)		—			—		(198,355	)
Proceeds from Stock Option Exercises		396			—			—		396
Shares Redeemed to Settle Employee Taxes on Stock Compensation		(866	)		—			—		(866	)
Intra-entity Activity, net		35,838			(35,838	)		—		—
Net Cash Provided by (Used in) Financing Activities		17,514			(35,838	)		—		(18,324	)
NET INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH		11,102			(541	)		—		10,561
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD		5,779			2,822			—		8,601
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	$	16,881		$	2,281		$	—	$	19,162

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
Property, Plant, and Equipment Additions		(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
Repayment of 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