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v3.23.1

SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Mar. 31, 2023
Accounting Policies [Abstract] |
Schedule of Inventories | Inventories consist of the following:
|  | March 31, |
|  | 2023 |  |  | 2022 |
|  | (dollars in thousands) |
Raw Materials and Materials-in-Progress |  | $ | 96,880 |  |  | $ | 81,308 |
Finished Cement |  |  | 46,364 |  |  |  | 38,769 |
Aggregates |  |  | 8,309 |  |  |  | 3,558 |
Gypsum Wallboard |  |  | 4,244 |  |  |  | 3,452 |
Paperboard |  |  | 8,651 |  |  |  | 7,462 |
Repair Parts and Supplies |  |  | 112,885 |  |  |  | 91,593 |
Fuel and Coal |  |  | 14,549 |  |  |  | 10,519 |
|  | $ | 291,882 |  |  | $ | 236,661 |
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 | Goodwill and Intangible Assets at March 31, 2023 and 2022, consist of the following:
|  | March 31, 2023 |
|  | Amortization Period |  | Cost |  |  | Additions |  |  | Accumulated Amortization |  |  | Net |
|  | (dollars in thousands) |
Goodwill and Intangible Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer Contracts and Relationships |  | 15 years |  | $ | 108,610 |  |  | $ | 32,584 |  |  | $ | (75,413 | ) |  | $ | 65,781 |
Permits |  | 25-40 years |  |  | 30,410 |  |  |  | 350 |  |  |  | (12,519 | ) |  |  | 18,241 |
Trade Name |  | 15 years |  |  | 1,500 |  |  |  | 400 |  |  |  | (590 | ) |  |  | 1,310 |
Goodwill |  |  |  |  | 329,137 |  |  |  | 51,574 |  |  |  | — |  |  |  | 380,711 |
Total Goodwill and Intangible Assets |  |  |  | $ | 469,657 |  |  | $ | 84,908 |  |  | $ | (88,522 | ) |  | $ | 466,043 |
|  | March 31, 2022 |
|  | Amortization Period |  | Cost |  |  | Additions |  |  | Accumulated Amortization |  |  | Net |
|  | (dollars in thousands) |
Goodwill and Intangible Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer Contracts and Relationships |  | 15 years |  | $ | 108,610 |  |  | $ | — |  |  | $ | (69,866 | ) |  | $ | 38,744 |
Permits |  | 25-40 years |  |  | 30,410 |  |  |  | — |  |  |  | (11,629 | ) |  |  | 18,781 |
Trade Name |  | 15 years |  |  | 1,500 |  |  |  | — |  |  |  | (264 | ) |  |  | 1,236 |
Goodwill |  |  |  |  | 329,137 |  |  |  | — |  |  |  | — |  |  |  | 329,137 |
Total Goodwill and Intangible Assets |  |  |  | $ | 469,657 |  |  | $ | — |  |  | $ | (81,759 | ) |  | $ | 387,898 |
Schedule of Supplemental Cash Flow Information | Supplemental cash flow information is as follows:
|  | For the Years Ended March 31, |
|  |  | 2023 |  |  |  | 2022 |  |  |  | 2021 |
|  | (dollars in thousands) |
Cash Payments: |  |  |  |  |  |  |  |  |
Interest |  | $ | 31,596 |  |  | $ | 21,298 |  |  | $ | 42,343 |
Income Taxes |  |  | 131,512 |  |  |  | 86,407 |  |  |  | 32,870 |
Operating Cash Flows Used for Operating Leases |  |  | 8,314 |  |  |  | 8,141 |  |  |  | 10,741 |
Noncash Financing Activities: |  |  |  |  |  |  |  |  |
Right-of-Use Assets Obtained for Capitalized Operating Leases |  | $ | 1,711 |  |  | $ | 2,598 |  |  | $ | 272 |
Excise Tax on Share Repurchases |  |  | 738 |  |  |  | — |  |  |  | — |
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, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
|  | (dollars in thousands) |
Operating Units Selling, G&A |  | $ | 65,468 |  |  | $ | 56,561 |  |  | $ | 56,309 |
Corporate G&A |  |  | 53,630 |  |  |  | 46,801 |  |  |  | 49,511 |
|  | $ | 119,098 |  |  | $ | 103,362 |  |  | $ | 105,820 |
Schedule of Earnings per Share |
|  | For the Years Ended March 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Weighted-Average Shares of Common Stock Outstanding |  |  | 36,798,354 |  |  |  | 40,547,048 |  |  |  | 41,543,067 |
Effect of Dilutive Shares: |  |  |  |  |  |  |  |  |
Assumed Exercise of Outstanding Dilutive Options |  |  | 418,659 |  |  |  | 539,309 |  |  |  | 570,325 |
Less Shares Repurchased from Proceeds of Assumed Exercised Options |  |  | (290,590 | ) |  |  | (343,917 | ) |  |  | (429,815 | )
Restricted Stock Units |  |  | 126,519 |  |  |  | 187,272 |  |  |  | 143,132 |
Weighted-Average Common Stock and Dilutive Securities Outstanding |  |  | 37,052,942 |  |  |  | 40,929,712 |  |  |  | 41,826,709 |

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