XML 21 R6.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2019
Operating Activities      
Net income (loss) $ 164,682 $ 142,281 $ (35,800)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 30,164 28,995 31,779
Gain on divestiture 0 0 (1,284)
Loss on sale or disposal of property and equipment 220 713 216
Deferred income taxes 18,628 13,852 (40,554)
Amortization of debt origination costs 4,979 3,812 5,923
Stock-based compensation costs 8,543 7,644 7,438
Loss on extinguishment of debt 12,327 2,155 0
Non-cash operating lease cost 7,082 8,786 0
Impairment loss 2,434 0 229,461
Other (7,854) 84 421
Changes in operating assets and liabilities      
Accounts receivable 36,872 (2,849) (2,980)
Inventories 2,972 2,930 (10,535)
Prepaid expenses and other current assets (3,227) 687 6,887
Accounts payable (17,342) 6,210 (3,993)
Accrued liabilities (14,912) 12,096 3,734
Operating lease liabilities (6,718) (8,824) 0
Other (3,243) (1,448) (1,429)
Net cash provided by operating activities 235,607 217,124 189,284
Investing Activities      
Purchases of property, plant and equipment (22,243) (14,560) (10,480)
Proceeds from divestitures 0 0 65,912
Escrow receipt 0 750 0
Acquisition of tradename 0 (2,760) 0
Net cash (used in) provided by investing activities (22,243) (16,570) 55,432
Financing Activities      
Term Loan repayments (195,000) (48,000) (200,000)
Borrowings under revolving credit agreement 15,000 100,000 45,000
Repayments under revolving credit agreement (70,000) (120,000) (45,000)
Payment of debt costs (17,718) (6,584) 0
Payments of finance leases (1,443) (476) 0
Proceeds from exercise of stock options 2,851 1,324 2,931
Fair value of shares surrendered as payment of tax withholding (1,242) (974) (2,281)
Repurchase of common stock (11,867) (56,721) (49,978)
Net cash used in financing activities (279,419) (131,431) (249,328)
Effects of exchange rate changes on cash and cash equivalents 3,597 (1,893) (406)
(Decrease) increase in cash and cash equivalents (62,458) 67,230 (5,018)
Cash and cash equivalents - beginning of year 94,760 27,530 32,548
Cash and cash equivalents - end of year 32,302 94,760 27,530
Interest paid 80,290 92,166 98,232
Income taxes paid 34,381 30,602 32,797
2019 Senior Notes      
Financing Activities      
Proceeds from issuance of Senior Notes 600,000 400,000 0
2013 Senior Notes      
Financing Activities      
Repayment of senior notes $ (600,000) $ (400,000) $ 0