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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Operating Activities    
Net income $ 103,474 $ 379,257
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 24,253 25,381
Gain on divestiture (1,284) 0
Loss on disposal of property and equipment 197 1,510
Deferred income taxes 3,309 (256,850)
Amortization of debt origination costs 4,543 4,746
Excess tax benefits from share-based awards 0 470
Stock-based compensation costs 6,160 6,912
Write-off of indemnification asset 0 704
Other 247 0
Lease termination costs 0 214
Changes in operating assets and liabilities:    
Accounts receivable 5,398 (14,073)
Inventories (11,081) 1,167
Prepaid expenses and other current assets 4,073 18,935
Accounts payable (12,787) (11,036)
Accrued liabilities 13,260 (1,033)
Pension and deferred compensation contribution 0 (329)
Other (1,325) (303)
Net cash provided by operating activities 138,437 155,672
Investing Activities    
Purchases of property, plant and equipment (7,139) (9,656)
Acquisition of Fleet escrow receipt 0 970
Proceeds from divestiture 65,912 0
Net cash provided by (used in) investing activities 58,773 (8,686)
Financing Activities    
Term loan repayments (155,000) (125,000)
Borrowings under revolving credit agreement 45,000 20,000
Repayments under revolving credit agreement (45,000) (40,000)
Proceeds from exercise of stock options 2,931 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 (204,328) (144,609)
Effects of exchange rate changes on cash and cash equivalents (758) 1,144
(Decrease) increase in cash and cash equivalents (7,876) 3,521
Cash and cash equivalents - beginning of period 32,548 41,855
Cash and cash equivalents - end of period 24,672 45,376
Interest paid 69,955 73,779
Income taxes paid $ 19,070 $ 16,861