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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2018
Operating Activities      
Net income (loss) $ 142,281 $ (35,800) $ 339,570
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 28,995 31,779 33,426
Gain on divestiture 0 (1,284) 0
Loss on sale or disposal of property and equipment 713 216 1,568
Deferred income taxes 13,852 (40,554) (269,086)
Amortization of debt origination costs 3,812 5,923 6,742
Stock-based compensation costs 7,644 7,438 8,909
Loss on extinguishment of debt 2,155 0 2,901
Non-cash operating lease cost 8,786 0 0
Interest expense relating to ROU assets 84 0 0
Impairment loss 0 229,461 99,924
Lease termination costs 0 0 214
Other non-cash items 0 421 1,704
Changes in operating assets and liabilities, net of effects from acquisitions and divestitures:      
Accounts receivable (2,849) (2,980) (5,043)
Inventories 2,930 (10,535) (2,482)
Prepaid expenses and other assets 687 6,887 33,721
Accounts payable 6,210 (3,993) (10,028)
Accrued liabilities 12,096 3,734 (31,495)
Operating lease liabilities (8,824) 0 0
Other (1,448) (1,429) (435)
Net cash provided by operating activities 217,124 189,284 210,110
Investing Activities      
Purchases of property, plant and equipment (14,560) (10,480) (12,532)
Proceeds from divestitures 0 65,912 0
Escrow receipt 750 0 970
Acquisition of tradename (2,760) 0 0
Net cash (used in) provided by investing activities (16,570) 55,432 (11,562)
Financing Activities      
Repayment of 2013 Senior Notes (400,000) 0 0
Term Loan repayments (48,000) (200,000) (444,000)
Borrowings under revolving credit agreement 100,000 45,000 30,000
Repayments under revolving credit agreement (120,000) (45,000) (45,000)
Payments of debt origination costs (6,584) 0 (500)
Payments of finance leases (476) 0 0
Proceeds from exercise of stock options 1,324 2,931 1,620
Fair value of shares surrendered as payment of tax withholding (974) (2,281) (1,075)
Repurchase of common stock (56,721) (49,978) 0
Net cash used in financing activities (131,431) (249,328) (208,955)
Effects of exchange rate changes on cash and cash equivalents (1,893) (406) 1,100
Increase (decrease) in cash and cash equivalents 67,230 (5,018) (9,307)
Cash and cash equivalents - beginning of year 27,530 32,548 41,855
Cash and cash equivalents - end of year 94,760 27,530 32,548
Interest paid 92,166 98,232 98,572
Income taxes paid 30,602 32,797 24,440
2013 Senior Notes      
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Loss on extinguishment of debt 2,200    
Financing Activities      
Proceeds from issuance of Senior Notes 0 0 250,000
2019 Senior Notes      
Financing Activities      
Proceeds from issuance of Senior Notes $ 400,000 $ 0 $ 0