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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities      
Net earnings $ 160,627 $ 119,833 $ 158,223
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 63,348 54,317 53,945
Write-off of assets relating to restructuring and other exit charges 26,308 3,736 1,435
Non-cash write-off of property, plant and equipment 0 0 6,300
Impairment of goodwill 0 0 12,216
Impairment of indefinite-lived intangibles and fixed assets 0 0 1,800
Derivatives not designated in hedging relationships:      
Net losses (gains) 1,856 (180) 471
Cash (settlements) proceeds (1,802) 43 (1,225)
Provision for doubtful accounts 1,385 822 1,794
Deferred income taxes (6,456) (20,313) 1,455
Non-cash interest expense 1,316 1,603 1,388
Stock-based compensation 22,608 19,453 19,185
(Gain) loss on disposal of property, plant, and equipment (258) 116 (7)
Changes in assets and liabilities, net of effects of acquisitions:      
Accounts receivable 5,974 (32,242) (13,535)
Inventories (46,614) (38,075) (42,792)
Prepaid and other current assets (20,195) 14,470 3,721
Other assets (7,611) (1,150) 2,034
Accounts payable 9,944 21,266 845
Legal proceedings accrual 7,258 0 23,725
Accrued expenses (4,937) (26,614) 9,333
Other liabilities (14,896) 93,963 5,719
Net cash provided by operating activities 197,855 211,048 246,030
Cash flows from investing activities      
Capital expenditures (70,372) (69,832) (50,072)
Purchase of businesses (654,614) (2,988) (12,392)
Proceeds from disposal of property, plant, and equipment 1,103 463 631
Net cash used in investing activities (723,883) (72,357) (61,833)
Cash flows from financing activities      
Net borrowings (repayments) on short-term debt 37,424 214 (4,600)
Debt issuance costs (1,393) (2,677) 0
Capital lease obligations and other 368 (29) (98)
Option proceeds 9,048 958 3
Payment of taxes related to net share settlement of equity awards (3,630) (7,489) (7,447)
Purchase of treasury stock (56,436) (121,191) 0
Dividends paid to stockholders (29,743) (29,674) (30,400)
Net cash provided by (used in) financing activities 346,577 (166,888) (62,542)
Effect of exchange rate changes on cash and cash equivalents (43,455) 49,986 (18,633)
Net (decrease) increase in cash and cash equivalents (222,906) 21,789 103,022
Cash and cash equivalents at beginning of year 522,118 500,329 397,307
Cash and cash equivalents at end of year 299,212 522,118 500,329
Non-cash investing and financing activities:      
Common stock issued as partial consideration for Alpha acquisition 93,268 0 0
2017 Revolver borrowings      
Cash flows from financing activities      
Proceeds from Revolver borrowings 531,100 379,750 0
Repayments of Revolver borrowings (427,600) (244,250) 0
2011 Revolver borrowings      
Cash flows from financing activities      
Proceeds from Revolver borrowings 0 147,050 262,000
Repayments of Revolver borrowings 0 (312,050) (267,000)
Amended 2017 Term Loan      
Cash flows from financing activities      
Repayments of Revolver borrowings (11,666) 0 0
Proceeds from Amended 2017 Term Loan 299,105 150,000 0
2011 Term Loan      
Cash flows from financing activities      
Repayments of 2011 Term Loan $ 0 $ (127,500) $ (15,000)