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SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Mar. 31, 2021
Accounting Policies [Abstract] |
Schedule of Inventories | Inventories consist of the following:
|  | March 31, |
|  | 2021 |  |  | 2020 |
|  | (dollars in thousands) |
Raw Materials and Materials-in-Progress |  | $ | 92,696 |  |  | $ | 110,558 |
Finished Cement |  |  | 34,362 |  |  |  | 43,538 |
Aggregates |  |  | 2,933 |  |  |  | 8,416 |
Gypsum Wallboard |  |  | 4,177 |  |  |  | 4,211 |
Paperboard |  |  | 5,031 |  |  |  | 5,715 |
Repair Parts and Supplies |  |  | 86,750 |  |  |  | 88,094 |
Fuel and Coal |  |  | 9,800 |  |  |  | 11,589 |
|  | $ | 235,749 |  |  | $ | 272,121 |
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 at March 31, 2021 and 2020, consist of the following:
|  | March 31, 2021 |
|  | Amortization Period |  | Cost |  |  | Purchase Price Adjustments |  |  | Accumulated Amortization |  |  | Net |
|  | (dollars in thousands) |
Goodwill and Intangible Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer Contracts and Relationships |  | 15 years |  | $ | 105,810 |  |  | $ | 2,800 |  |  | $ | (66,445 | ) |  | $ | 42,165 |
Permits |  | 25-40 years |  |  | 30,410 |  |  |  | — |  |  |  | (10,759 | ) |  |  | 19,651 |
Trade Name |  | 15 years |  |  | 1,500 |  |  |  | — |  |  |  | (138 | ) |  |  | 1,362 |
Goodwill |  |  |  |  | 331,592 |  |  |  | (2,455 | ) |  |  | — |  |  |  | 329,137 |
Total Goodwill and Intangible Assets |  |  |  | $ | 469,312 |  |  | $ | 345 |  |  | $ | (77,342 | ) |  | $ | 392,315 |
|  | 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 |
Summary of Impairment Charges Related to Assets | Impairment charges related to these assets in fiscal 2020 and 2019 are included in continuing operations on the Consolidated Statement of Earnings and are summarized below:
|  | For the Years Ended March 31, |
|  | 2020 |  |  | 2019 |
|  | (dollars in thousands) |
Property, Equipment, and Real Estate |  | $ | 11,213 |  |  | $ | 37,179 |
Lease Right-of-Use Assets |  |  | 13,918 |  |  |  | — |
|  | $ | 25,131 |  |  | $ | 37,179 |
Schedule of Supplemental Cash Flow Information | Supplemental cash flow information is as follows:
|  | For the Years Ended March 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
|  | (dollars in thousands) |  |  |  |  |
Cash Payments: |  |  |  |  |  |  |  |  |  |  |  |
Interest |  | $ | 42,343 |  |  | $ | 37,610 |  |  | $ | 28,191 |
Income Taxes |  |  | 32,870 |  |  |  | 20,046 |  |  |  | 39,974 |
Operating Cash Flows Used for Operating Leases |  |  | 10,741 |  |  |  | 14,926 |  |  |  | — |
Non-Cash Financing Activities: |  |  |  |  |  |  |  |  |  |  |  |
Right-of-use Assets Obtained for Capitalized Operating Lease Liabilities |  | $ | 272 |  |  | $ | 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, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
|  | (dollars in thousands) |
Operating Units Selling, G&A |  | $ | 56,309 |  |  | $ | 57,077 |  |  | $ | 53,787 |
Corporate G&A |  |  | 49,511 |  |  |  | 65,410 |  |  |  | 37,371 |
|  | $ | 105,820 |  |  | $ | 122,487 |  |  | $ | 91,158 |
Schedule of Earnings Per Share |
|  | For the Years Ended March 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Weighted-Average Shares of Common Stock Outstanding |  |  | 41,543,067 |  |  |  | 42,021,892 |  |  |  | 46,620,894 |
Effect of Dilutive Shares: |  |  |  |  |  |  |  |  |  |  |  |
Assumed Exercise of Outstanding Dilutive Options |  |  | 570,325 |  |  |  | 623,779 |  |  |  | 539,135 |
Less Shares Repurchased from Proceeds of Assumed Exercised Options |  |  | (429,815 | ) |  |  | (481,853 | ) |  |  | (374,380 | )
Restricted Stock Units |  |  | 143,132 |  |  |  | 121,525 |  |  |  | 146,731 |
Weighted-Average Common Stock and Dilutive Securities Outstanding |  |  | 41,826,709 |  |  |  | 42,285,343 |  |  |  | 46,932,380 |

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