XML 19 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating Activities    
Net income $ 65,307 $ 64,464
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 16,366 17,041
Gain on divestiture (1,284) 0
Loss on disposal of property and equipment 37 1,461
Deferred income taxes 339 16,321
Amortization of debt origination costs 3,021 3,494
Excess tax benefits from share-based awards 0 470
Stock-based compensation costs 4,328 4,726
Other 247 0
Changes in operating assets and liabilities:    
Accounts receivable (7,718) (9,345)
Inventories (4,145) (3,409)
Prepaid expenses and other current assets 1,302 17,123
Accounts payable 4,187 8,008
Accrued liabilities 14,339 (11,869)
Other (1,219) 55
Net cash provided by operating activities 95,107 108,540
Investing Activities    
Purchases of property, plant and equipment (5,074) (4,785)
Acquisition of Fleet escrow receipt 0 970
Proceeds from divestiture 65,912 0
Net cash provided by (used in) investing activities 60,838 (3,815)
Financing Activities    
Term loan repayments (100,000) (105,000)
Borrowings under revolving credit agreement 30,000 0
Repayments under revolving credit agreement (30,000) 0
Proceeds from exercise of stock options 1,028 1,466
Fair value of shares surrendered as payment of tax withholding (2,281) (1,075)
Repurchase of common stock (49,978) 0
Net cash used in financing activities (151,231) (104,609)
Effects of exchange rate changes on cash and cash equivalents (352) 1,006
Increase in cash and cash equivalents 4,362 1,122
Cash and cash equivalents - beginning of period 32,548 41,855
Cash and cash equivalents - end of period 36,910 42,977
Interest paid 49,147 49,404
Income taxes paid $ 2,444 $ 9,037