v3.25.4
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:    
Net income $ 92,581 $ 102,429
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 11,822 10,714
Amortization of acquisition-related intangible assets & inventory step-up 34,975 20,215
Amortization of deferred financing fees 763 577
Provision for inventory reserves 4,025 1,779
Provision for credit losses 336 946
Share-based compensation 11,379 10,237
Net loss (gain) on disposals of property, plant and equipment 553 (89)
Net pension benefit 50 49
Net deferred taxes 894 1,244
Changes in operating assets and liabilities:    
Accounts receivable 44,460 32,316
Inventories (37,807) (42,536)
Prepaid expenses and other current assets (14,048) (17,174)
Other assets (1,147) 1,565
Accounts payable and other current liabilities 8,287 21,372
Retirement benefits payable and other liabilities (5,788) (2,575)
Net cash provided by operating activities 151,335 141,069
Cash flows from investing activities:    
Capital expenditures (12,130) (11,735)
Proceeds from sale of assets 173 153
Cash paid for investments 0 (2,500)
Cash paid for acquisitions, net of cash received (1,000,179) (83,457)
Net cash used in investing activities (1,012,136) (97,539)
Cash flows from financing activities:    
Borrowings on line of credit 435,492 32,723
Repayments of line of credit (235,393) (198,723)
Borrowings on Term Loan A 600,000 0
Payments of deferred loan costs (5,271) 0
Purchase of treasury shares (98,772) (20,935)
Payments of contingent consideration (4,988) (1,034)
Proceeds from equity issuance 0 347,407
Distributions to redeemable noncontrolling interest shareholder (2,000) 0
Dividends (13,576) (10,554)
Net cash provided by financing activities 675,492 148,884
Effect of exchange rate changes on cash and equivalents (298) (816)
Net change in cash and cash equivalents (185,607) 191,598
Cash and cash equivalents, beginning of period 225,845 22,156
Cash and cash equivalents, end of period $ 40,238 $ 213,754