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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities      
Net earnings $ 143,374 $ 137,116 $ 160,627
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 94,082 87,344 63,348
Write-off of assets relating to restructuring and other exit charges 10,231 10,986 26,308
Impairment of goodwill 0 39,713 0
Impairment of indefinite-lived intangibles and fixed assets 0 4,549 0
Derivatives not designated in hedging relationships:      
Net (gains) losses (430) 178 1,856
Cash (settlements) proceeds 905 (793) (1,802)
Provision for doubtful accounts 178 4,821 1,385
Deferred income taxes (8,994) (16,486) (6,456)
Non-cash interest expense 2,072 1,673 1,316
Stock-based compensation 19,817 20,780 22,608
Gain on disposal of property, plant, and equipment (3,883) (86) (258)
Changes in assets and liabilities, net of effects of acquisitions:      
Accounts receivable 8,713 26,486 5,974
Inventories 24,176 (9,379) (46,614)
Prepaid and other current assets 27,292 (17,508) (20,195)
Other assets 424 3,089 (7,611)
Accounts payable 20,797 (33,490) 9,944
Legal proceedings accrual 0 0 7,258
Accrued expenses 32,357 7,055 (4,937)
Other liabilities (12,736) (12,650) (14,896)
Net cash provided by operating activities 358,375 253,398 197,855
Cash flows from investing activities      
Capital expenditures (70,020) (101,425) (70,372)
Purchase of businesses 0 (176,548) (654,614)
Proceeds from sale of facility 0 720 0
Insurance proceeds relating to property, plant and equipment 4,800 403 0
Proceeds from disposal of property, plant, and equipment 176 2,031 1,103
Net cash used in investing activities (65,044) (274,819) (723,883)
Cash flows from financing activities      
Net (repayments) borrowings on short-term debt (15,934) (5,325) 37,424
Debt issuance costs 0 (4,607) (1,393)
Finance lease obligations and other 650 995 368
Option proceeds 9,114 1,417 9,048
Payment of taxes related to net share settlement of equity awards (5,153) (6,393) (3,630)
Purchase of treasury stock 0 (34,561) (56,436)
Dividends paid to stockholders (29,812) (29,705) (29,743)
Net cash (used in) provided by financing activities (188,724) 62,683 346,577
Effect of exchange rate changes on cash and cash equivalents 20,222 (13,495) (43,455)
Net increase (decrease) in cash and cash equivalents 124,829 27,767 (222,906)
Cash and cash equivalents at beginning of year 326,979 299,212 522,118
Cash and cash equivalents at end of year 451,808 326,979 299,212
Non-cash investing and financing activities:      
Common stock issued as partial consideration for Alpha acquisition 0 0 93,268
2017 Revolver borrowings      
Cash flows from financing activities      
Proceeds from borrowings 102,000 386,700 531,100
Repayments of borrowings (210,000) (517,700) (427,600)
2027 Notes      
Cash flows from financing activities      
Proceeds from borrowings 0 300,000 0
Amended 2017 Term Loan      
Cash flows from financing activities      
Proceeds from Amended 2017 Term Loan 0 0 299,105
Repayments of Amended 2017 Term Loan $ (39,589) $ (28,138) $ (11,666)