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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Operating Activities    
Net income $ 105,235 $ 103,474
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 21,664 24,253
Gain on divestiture 0 (1,284)
Loss on disposal of property and equipment 184 197
Deferred income taxes 7,383 3,309
Amortization of debt origination costs 2,766 4,543
Stock-based compensation costs 5,682 6,160
Loss on extinguishment of debt 2,155 0
Non-cash operating lease cost 6,117 0
Interest expense relating to ROU assets 34 0
Other 0 247
Changes in operating assets and liabilities:    
Accounts receivable 4,624 5,398
Inventories (817) (11,081)
Prepaid expenses and other current assets (879) 4,073
Accounts payable (6,091) (12,787)
Accrued liabilities 20,724 13,260
Operating lease liabilities (6,430) 0
Other (1,353) (1,325)
Net cash provided by operating activities 160,998 138,437
Investing Activities    
Purchases of property, plant and equipment (9,055) (7,139)
Escrow receipt 750 0
Proceeds from divestiture 0 65,912
Net cash (used in) provided by investing activities (8,305) 58,773
Financing Activities    
Proceeds from issuance of 5.125% Senior Notes 400,000 0
Repayment of 5.375% Senior Notes (400,000) 0
Term loan repayments (21,000) (155,000)
Borrowings under revolving credit agreement 45,000 45,000
Repayments under revolving credit agreement (120,000) (45,000)
Payment of debt costs (5,793) 0
Payments of finance leases (252) 0
Proceeds from exercise of stock options 1,007 2,931
Fair value of shares surrendered as payment of tax withholding (974) (2,281)
Repurchase of common stock (49,976) (49,978)
Net cash used in financing activities (151,988) (204,328)
Effects of exchange rate changes on cash and cash equivalents 356 (758)
Increase in cash and cash equivalents 1,061 (7,876)
Cash and cash equivalents - beginning of period 27,530 32,548
Cash and cash equivalents - end of period 28,591 24,672
Interest paid 66,305 69,955
Income taxes paid $ 21,212 $ 24,404