v2.3.0.11
Consolidated Statements of Cash Flows (USD $)
In Thousands
12 Months Ended
Mar. 31, 2011
Mar. 31, 2010
Mar. 31, 2009
Cash flows from operating activities      
Net earnings $ 113,426 $ 62,304 $ 81,930
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 44,393 44,851 47,233
Write-off of deferred financing fees 2,308   3,963
Bargain purchase gain   (2,919)  
Gain on sales of facilities     (11,308)
Provision for doubtful accounts 1,513 2,712 4,873
Deferred income taxes (3,064) 6,975 8,828
Non-cash interest expense 7,776 7,163 5,994
Stock-based compensation 9,056 6,964 5,021
(Gain)/loss on disposal and impairment of fixed assets   (912) 6,219
Changes in assets and liabilities, net of effects of acquisitions:      
Accounts receivable (61,892) (7,303) 85,915
Inventory (67,250) (23,445) 90,930
Prepaid expenses and other current assets (15,658) (1,075) (1,509)
Other assets (2,552) (1,218) 142
Accounts payable 42,422 59,116 (109,712)
Accrued expenses (3,822) (5,816) 4,895
Other liabilities 9,803 (10,795) (3,977)
Net cash provided by operating activities 76,459 136,602 219,437
Cash flows from investing activities      
Capital expenditures (59,940) (45,111) (57,143)
Purchase of businesses, net of cash acquired (32,200) (33,242)  
Proceeds from disposal of property, plant, and equipment 479 1,109 10,333
Net cash used in investing activities (91,661) (77,244) (46,810)
Cash flows from financing activities      
Net increase (decrease) in short-term debt 3,084 (7,436) (34,195)
Proceeds from the issuance of long-term debt 106,112   397,500
Deferred financing fees (3,500)   (10,950)
Payments of long-term debt (212,238) (25,243) (367,018)
Capital lease obligations and other (111) 878 (628)
Exercise of stock options 17,894 5,042 5,795
Purchase of treasury stock     (19,800)
Tax benefits from exercise of stock options 6,082 2,287 6,100
Net cash used in financing activities (82,677) (24,472) (23,196)
Effect of exchange rate changes on cash 5,706 2,995 (6,890)
Net (decrease) increase in cash and cash equivalents (92,173) 37,881 142,541
Cash and cash equivalents at beginning of year 201,042 163,161 20,620
Cash and cash equivalents at end of year $ 108,869 $ 201,042 $ 163,161