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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Earnings $ 70,894 $ 68,860 $ 256,632
Adjustments to Reconcile Net Earnings to Net Cash Provided by Operating Activities, Net of Effect of Non-Cash Activity:      
Depreciation, Depletion and Amortization 113,518 122,535 114,015
Impairment Losses 224,267 220,265  
Deferred Income Tax Provision 75,987 (28,371) (49,354)
Stock Compensation Expense 19,823 15,109 14,079
Equity in Earnings of Unconsolidated Joint Venture (42,585) (38,565) (43,419)
Distributions from Joint Venture 33,500 34,250 31,500
Changes in Operating Assets and Liabilities:      
Accounts and Notes Receivable (25,005) 10,180 (2,560)
Inventories 26,729 (19,016) (5,114)
Accounts Payable and Accrued Liabilities 17,265 (31,949) 24,173
Other Assets 7,841 (3,284) 4,196
Income Taxes Payable (Receivable) (122,933) 270 (6,483)
Net Cash Provided by Operating Activities 399,301 350,284 337,665
CASH FLOWS FROM INVESTING ACTIVITIES      
Additions to Property, Plant, and Equipment (132,119) (168,873) (131,957)
Acquisition Spending (699,361)   (36,761)
Proceeds from Sales of Property, Plant, and Equipment 400 2,281  
Net Cash Used in Investing Activities (831,080) (166,592) (168,718)
CASH FLOWS FROM FINANCING ACTIVITIES      
Increase in Revolving Credit Facility 250,000 70,000 15,000
Repayment of Private Placement Senior Unsecured Notes (36,500)   (81,214)
Issuance of Term Loan 665,000    
Dividends Paid to Stockholders (17,142) (18,927) (19,438)
Purchase and Retirement of Common Stock (313,887) (271,988) (61,078)
Proceeds from Stock Option Exercises 3,298 2,103 24,264
Shares Redeemed to Settle Employee Taxes on Stock Compensation (4,063) (4,347) (4,974)
Payment of Debt Issuance Costs (4,880)    
Net Cash Provided by (Used in) Financing Activities 541,826 (223,159) (127,440)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 110,047 (39,467) 41,507
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 8,601 48,068 6,561
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 118,648 $ 8,601 $ 48,068