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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:      
Net earnings (loss) $ 14.9 $ (1.0) $ 22.8
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:      
Depreciation and amortization 58.3 50.2 51.6
Gain on sale of facilities (2.0) 0.0 (3.2)
Impairment charges 0.0 9.9 7.8
Insurance proceeds from Airedale fire 0.0 5.9 12.9
Pension and postretirement expense 3.4 45.1 2.3
Deferred income taxes (4.6) (18.8) 5.9
Stock-based compensation expense 7.4 4.9 4.0
Other - net 0.5 0.1 0.4
Changes in operating assets and liabilities, excluding acquisitions:      
Trade accounts receivable (25.7) 8.0 (0.1)
Inventories (3.3) (2.7) (4.2)
Accounts payable 19.9 (9.9) (2.4)
Accrued compensation and employee benefits (6.5) 0.8 (5.3)
Other assets (2.5) (14.5) (24.5)
Other liabilities (18.2) (5.6) (4.5)
Net cash provided by operating activities 41.6 72.4 63.5
Cash flows from investing activities:      
Acquisitions - net of cash acquired (364.2) (1.4) 0.0
Expenditures for property, plant and equipment (64.4) (62.8) (58.3)
Insurance proceeds from Airedale fire 3.0 27.4 12.2
Costs to replace building and equipment damaged in Airedale fire (1.0) (41.7) (16.7)
Proceeds from dispositions of assets 5.7 0.4 7.6
Purchases of short-term investments (3.5) (2.7) (5.2)
Proceeds from maturities of short-term investments 2.2 2.1 2.4
Other - net 0.0 0.9 0.8
Net cash used for investing activities (422.2) (77.8) (57.2)
Cash flows from financing activities:      
Borrowings of debt 559.1 38.0 36.4
Repayments of debt (202.4) (27.1) (50.9)
Financing fees paid (8.7) 0.0 (0.1)
Purchases of treasury stock under share repurchase program 0.0 (6.9) 0.0
Dividend paid to noncontrolling interest 0.0 (0.9) 0.0
Other - net (0.4) (0.4) 0.0
Net cash provided by (used for) financing activities 347.6 2.7 (14.6)
Effect of exchange rate changes on cash (1.7) 1.1 (8.4)
Net decrease in cash and cash equivalents (34.7) (1.6) (16.7)
Cash and cash equivalents - beginning of year 68.9 70.5 87.2
Cash and cash equivalents - end of year $ 34.2 $ 68.9 $ 70.5