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v3.19.3

Consolidated Condensed Statements of Cash Flows - USD ($) $ in Thousands | 6 Months Ended
--- | ---
Sep. 30, 2019 | Sep. 30, 2018
Cash flows from operating activities |  |
Net earnings | $ 111,334 | $ 93,467
Adjustments to reconcile net earnings to net cash provided by operating activities: |  |
Depreciation and amortization | 41,053 | 27,302
Write-off of assets relating to exit activities and other | 9,969 | 1,073
Derivatives not designated in hedging relationships: |  |
Net losses | 696 | 622
Cash settlements | (821) | (760)
Provision for doubtful accounts | 3,245 | 132
Deferred income taxes | (20,973) | 827
Non-cash interest expense | 752 | 627
Stock-based compensation | 8,868 | 9,129
Gain on disposal of property, plant, and equipment | (119) | (77)
Changes in assets and liabilities, net of effects of acquisitions: |  |
Accounts receivable | 26,763 | (1,556)
Inventories | (11,687) | (21,691)
Prepaid and other current assets | (18,214) | (4,238)
Other assets | 4,699 | (1,369)
Accounts payable | (22,005) | 864
Accrued expenses | (18,576) | (20,624)
Other liabilities | (9,922) | 304
Net cash provided by operating activities | 105,062 | 84,032
Cash flows from investing activities |  |
Capital expenditures | (43,378) | (35,500)
Proceeds from disposal of property, plant, and equipment | 2,645 | 189
Net cash used in investing activities | (40,733) | (35,311)
Cash flows from financing activities |  |
Net repayments on short-term debt | (20,019) | (2,854)
Repayments of 2017 Term Loan | (5,645) | 0
Option proceeds | 25 | 8,264
Payment of taxes related to net share settlement of equity awards | (6,250) | (3,384)
Purchase of treasury stock | (34,561) | 0
Dividends paid to stockholders | (14,898) | (14,747)
Other | 161 | 30
Net cash provided by financing activities | 68,813 | 6,809
Effect of exchange rate changes on cash and cash equivalents | (7,508) | (32,465)
Net increase in cash and cash equivalents | 125,634 | 23,065
Cash and cash equivalents at beginning of period | 299,212 | 522,118
Cash and cash equivalents at end of period | 424,846 | 545,183
Amended Credit Facility, due 2022 |  |
Cash flows from financing activities |  |
Proceeds from 2011 Revolver borrowings | 285,000 | 84,500
Repayments of 2011 Revolver borrowings | $ (135,000) | $ (65,000)

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- Definition Amount of cash outflow for payment of an obligation from a lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3291-108585 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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- Definition The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3291-108585 + Details
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- Definition Amount, after cash payment, of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585 + Details
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