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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities      
Net earnings $ 143,911 $ 143,374 $ 137,116
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 95,878 94,082 87,344
Write-off of assets relating to restructuring and other exit charges 6,503 10,231 10,986
Loss on assets held for sale 2,973 0 0
Impairment of goodwill 0 0 39,713
Impairment of indefinite-lived intangibles 1,178 0 4,549
Derivatives not designated in hedging relationships:      
Net losses (gains) 157 (430) 178
Cash proceeds (settlements) 255 905 (793)
Provision for doubtful accounts 2,621 178 4,821
Deferred income taxes 1,115 (8,994) (16,486)
Non-cash interest expense 2,107 2,072 1,673
Stock-based compensation 24,289 19,817 20,780
Gain on disposal of property, plant, and equipment (490) (3,883) (86)
Changes in assets and liabilities, net of effects of acquisitions:      
Accounts receivable (128,956) 8,713 26,486
Inventories (212,839) 24,176 (9,379)
Prepaid and other current assets (32,044) 27,292 (17,508)
Other assets 270 424 3,089
Accounts payable 65,316 20,797 (33,490)
Accrued expenses (38,578) 32,357 7,055
Other liabilities 749 (12,736) (12,650)
Net cash (used in) provided by operating activities (65,585) 358,375 253,398
Cash flows from investing activities      
Capital expenditures (74,041) (70,020) (101,425)
Purchase of businesses 0 0 (176,548)
Proceeds from disposal of facility 3,268 0 720
Insurance proceeds relating to property, plant and equipment 0 4,800 403
Proceeds from disposal of property, plant, and equipment 1,540 176 2,031
Net cash used in investing activities (69,233) (65,044) (274,819)
Cash flows from financing activities      
Net borrowings (repayments) on short-term debt 20,556 (15,934) (5,325)
Debt issuance costs (2,952) 0 (4,607)
Finance lease obligations and other 810 650 995
Option proceeds, net 1,336 9,114 1,417
Payment of taxes related to net share settlement of equity awards (9,150) (5,153) (6,393)
Purchase of treasury stock (156,366) 0 (34,561)
Dividends paid to stockholders (29,353) (29,812) (29,705)
Net cash provided by (used in) financing activities 98,434 (188,724) 62,683
Effect of exchange rate changes on cash and cash equivalents (12,936) 20,222 (13,495)
Net (decrease) increase in cash and cash equivalents (49,320) 124,829 27,767
Cash and cash equivalents at beginning of year 451,808 326,979 299,212
Cash and cash equivalents at end of year 402,488 451,808 326,979
2017 Revolver borrowings      
Cash flows from financing activities      
Proceeds from borrowings 523,400 102,000 386,700
Repayments of borrowings (88,400) (210,000) (517,700)
2027 Notes      
Cash flows from financing activities      
Proceeds from borrowings 0 0 300,000
Amended 2017 Term Loan      
Cash flows from financing activities      
Repayments of Second Amended 2017 Term Loan $ (161,447) $ (39,589) $ (28,138)