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SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Mar. 31, 2024
Accounting Policies [Abstract]  
Schedule of Inventories Inventories consist of the following:

 

 

 

March 31,

 

 

 

2024

 

 

2023

 

 

 

(dollars in thousands)

 

Raw Materials and Materials-in-Progress

 

$

122,772

 

 

$

96,880

 

Finished Cement

 

 

71,396

 

 

 

46,364

 

Aggregates

 

 

12,149

 

 

 

8,309

 

Gypsum Wallboard

 

 

5,242

 

 

 

4,244

 

Paperboard

 

 

14,278

 

 

 

8,651

 

Repair Parts and Supplies

 

 

127,511

 

 

 

112,885

 

Fuel and Coal

 

 

20,575

 

 

 

14,549

 

 

 

$

373,923

 

 

$

291,882

 
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, 2024 and 2023, consist of the following:

 

 

 

March 31, 2024

 

 

 

Amortization
Period

 

Cost

 

 

Additions

 

 

Accumulated
Amortization

 

 

Net

 

 

 

(dollars in thousands)

 

Goodwill and Intangible Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer Contracts and Relationships

 

15 years

 

$

141,194

 

 

$

16,100

 

 

$

(82,077

)

 

$

75,217

 

Permits

 

25-40 years

 

 

30,760

 

 

 

—

 

 

 

(13,413

)

 

 

17,347

 

Trade Name

 

15 years

 

 

1,900

 

 

 

—

 

 

 

(916

)

 

 

984

 

Goodwill

 

 

 

 

380,711

 

 

 

11,858

 

 

 

—

 

 

 

392,569

 

Total Goodwill and Intangible Assets

 

 

 

$

554,565

 

 

$

27,958

 

 

$

(96,406

)

 

$

486,117

 

 

 

 

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

 
Schedule of Supplemental Cash Flow Information

Supplemental cash flow information is as follows:

 

 

For the Years Ended March 31,

 

 

 

 

2024

 

 

 

2023

 

 

 

2022

 

 

 

(dollars in thousands)

 

Cash Payments:

 

 

 

 

 

 

 

 

 

Interest

 

$

43,663

 

 

$

31,596

 

 

$

21,298

 

Income Taxes

 

 

124,482

 

 

 

131,512

 

 

 

86,407

 

Operating Cash Flows Used for Operating Leases

 

 

9,286

 

 

 

8,314

 

 

 

8,141

 

 

 

 

 

 

 

 

 

 

 

Noncash Financing Activities:

 

 

 

 

 

 

 

 

 

Right-of-Use Assets Obtained for Capitalized Operating Leases

 

$

6,465

 

 

$

1,711

 

 

$

2,598

 

Excise Tax on Share Repurchases

 

 

3,432

 

 

 

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,

 

 

 

2024

 

 

2023

 

 

2022

 

 

 

(dollars in thousands)

 

Operating Units Selling, G&A

 

$

75,001

 

 

$

65,468

 

 

$

56,561

 

Corporate G&A

 

 

59,795

 

 

 

53,630

 

 

 

46,801

 

 

 

$

134,796

 

 

$

119,098

 

 

$

103,362

 
Schedule of Earnings per Share

 

 

For the Years Ended March 31,

 

 

 

2024

 

 

2023

 

 

2022

 

Weighted-Average Shares of Common Stock Outstanding

 

 

34,811,560

 

 

 

36,798,354

 

 

 

40,547,048

 

Effect of Dilutive Shares:

 

 

 

 

 

 

 

 

 

Assumed Exercise of Outstanding Dilutive Options

 

 

304,889

 

 

 

418,659

 

 

 

539,309

 

Less Shares Repurchased from Proceeds of Assumed Exercised Options

 

 

(157,457

)

 

 

(290,590

)

 

 

(343,917

)

Restricted Stock Units

 

 

138,879

 

 

 

126,519

 

 

 

187,272

 

Weighted-Average Common Stock and Dilutive Securities Outstanding

 

 

35,097,871

 

 

 

37,052,942

 

 

 

40,929,712