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SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Mar. 31, 2020
Accounting Policies [Abstract] |
Schedule of Inventories | Inventories consist of the following:
|  | March 31, |
|  | 2020 |  |  | 2019 |
|  | (dollars in thousands) |
Raw Materials and Materials-in-Progress |  | $ | 110,558 |  |  | $ | 125,828 |
Finished Cement |  |  | 43,538 |  |  |  | 27,826 |
Aggregates |  |  | 8,416 |  |  |  | 7,351 |
Gypsum Wallboard |  |  | 4,211 |  |  |  | 7,124 |
Paperboard |  |  | 5,715 |  |  |  | 15,660 |
Frac Sand |  |  | 386 |  |  |  | 2,557 |
Repair Parts and Supplies |  |  | 88,095 |  |  |  | 80,676 |
Fuel and Coal |  |  | 11,589 |  |  |  | 8,172 |
|  | $ | 272,508 |  |  | $ | 275,194 |
Schedule of Property, Plant and Equipment Estimated Useful Lives | The estimated useful 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, 2020 and 2019, consist of the following:
|  | March 31, 2020 |
|  | Amortization Period |  | Cost |  |  | Additions |  |  | Accumulated Amortization |  |  | Net |
|  | (dollars in thousands) |
Goodwill and Intangible Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer Contracts and Relationships |  | 15 years |  | $ | 72,260 |  |  | $ | 33,550 |  |  | $ | (62,950 | ) |  | $ | 42,860 |
Permits |  | 25-40 years |  |  | 28,640 |  |  |  | 1,770 |  |  |  | (9,889 | ) |  |  | 20,521 |
Trade Name |  | 15 years |  |  | — |  |  |  | 1,500 |  |  |  | (10 | ) |  |  | 1,490 |
Goodwill |  |  |  |  | 198,371 |  |  |  | 133,221 |  |  |  | — |  |  |  | 331,592 |
Total Goodwill and Intangible Assets |  |  |  | $ | 299,271 |  |  | $ | 170,041 |  |  | $ | (72,849 | ) |  | $ | 396,463 |
|  | 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 |
Summary of Impact of Impairment on Net Book Value of Assets | The following is a summary of the impairment on the net book value of the long-lived assets:
|  | Net Book Value Before Impairment |  |  | Impairment |  |  | Net Book Value After Impairment |
|  | (dollars in thousands) |
Operating Facilities |  | $ | 331,520 |  |  | $ | (151,910 | ) |  | $ | 179,610 |
Transload Locations |  |  | 86,741 |  |  |  | (59,354 | ) |  |  | 27,387 |
Real Estate |  |  | 1,417 |  |  |  | — |  |  |  | 1,417 |
|  | $ | 419,678 |  |  | $ | (211,264 | ) |  | $ | 208,414 |
The following is a summary of the impairment on the net book value of the long-lived assets:
|  | Net Book Value Before Impairment |  |  | Impairment |  |  | Net Book Value After Impairment |
|  | (dollars in thousands) |
Operating Facilities |  | $ | 170,324 |  |  | $ | (164,449 | ) |  | $ | 5,875 |
Transload Locations |  |  | 23,264 |  |  |  | (21,815 | ) |  |  | 1,449 |
Real Estate |  |  | 1,417 |  |  |  | (1,367 | ) |  |  | 50 |
Lease Right-of-Use Assets |  |  | 32,834 |  |  |  | (29,146 | ) |  |  | 3,688 |
|  | $ | 227,839 |  |  | $ | (216,777 | ) |  | $ | 11,062 |
Summary of Impairment Losses Recognized | The following is a summary of Impairment Losses recognized during fiscal 2019, by line item:
|  | (dollars in thousands)
Property, Equipment, and Real Estate |  | $ | 211,264 |  |
Goodwill |  |  | 6,841 |  |
Inventories |  |  | 1,982 |  |
Intangible Assets |  |  | 178 |  |
|  | $ | 220,265 |  |
The following is a summary of Impairment Losses recognized during fiscal 2020, by line item:
|  | (dollars in thousands)
Property, Equipment, and Real Estate |  | $ | 187,631 |  |
Lease Right-of-Use Assets |  |  | 29,146 |  |
Inventories |  |  | 6,256 |  |
Accounts and Notes Receivable |  |  | 617 |  |
Prepaid and Other Assets |  |  | 617 |  |
|  | $ | 224,267 |  |
Schedule of Supplemental Cash Flow Information | Supplemental cash flow information is as follows:
|  | For the Years Ended March 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
|  | (dollars in thousands) |  |  |  |  |
Cash Payments: |  |  |  |  |  |  |  |  |  |  |  |
Interest |  | $ | 37,610 |  |  | $ | 28,191 |  |  | $ | 28,869 |
Income Taxes |  |  | 20,046 |  |  |  | 39,974 |  |  |  | 69,481 |
Operating Cash Flows used for Operating Leases |  |  | 14,926 |  |  |  | — |  |  |  | — |
Non-Cash Financing Activities: |  |  |  |  |  |  |  |  |  |  |  |
Right-of-use Assets Obtained for Capitalized Operating Lease Liabilities |  | $ | 621 |  |  | $ | — |  |  | $ | — |
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, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
|  | (dollars in thousands) |
Operating Units Selling, G&A |  | $ | 57,077 |  |  | $ | 53,787 |  |  | $ | 62,529 |
Corporate G&A |  |  | 65,410 |  |  |  | 37,371 |  |  |  | 41,205 |
|  | $ | 122,487 |  |  | $ | 91,158 |  |  | $ | 103,734 |
Schedule of Earnings Per Share |
|  | For the Years Ended March 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
Weighted-Average Shares of Common Stock Outstanding |  |  | 42,021,892 |  |  |  | 46,620,894 |  |  |  | 48,141,226 |
Effect of Dilutive Shares: |  |  |  |  |  |  |  |  |  |  |  |
Assumed Exercise of Outstanding Dilutive Options |  |  | 623,779 |  |  |  | 539,135 |  |  |  | 1,013,764 |
Less Shares Repurchased from Proceeds of Assumed Exercised Options |  |  | (481,853 | ) |  |  | (374,380 | ) |  |  | (727,904 | )
Restricted Stock Units |  |  | 121,525 |  |  |  | 146,731 |  |  |  | 218,900 |
Weighted-Average Common Stock and Dilutive Securities Outstanding |  |  | 42,285,343 |  |  |  | 46,932,380 |  |  |  | 48,645,986 |

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