XML 18 R6.htm IDEA: XBRL DOCUMENT v3.20.4
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating Activities    
Net income $ 129,168 $ 105,235
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 22,627 21,664
Loss on disposal of property and equipment 210 184
Deferred income taxes 7,970 7,383
Amortization of debt origination costs 3,569 2,766
Stock-based compensation costs 5,944 5,682
Loss on extinguishment of debt 0 2,155
Non-cash operating lease cost 5,362 6,117
Other 937 34
Changes in operating assets and liabilities:    
Accounts receivable 36,725 4,624
Inventories 1,269 (817)
Prepaid expenses and other current assets (1,439) (879)
Accounts payable (35,789) (6,091)
Accrued liabilities 8,236 20,724
Operating lease liabilities (5,085) (6,430)
Other (3,184) (1,353)
Net cash provided by operating activities 176,520 160,998
Investing Activities    
Purchases of property, plant and equipment (17,347) (9,055)
Escrow receipt 0 750
Net cash used in investing activities (17,347) (8,305)
Financing Activities    
Proceeds from issuance of 5.125% Senior Notes 0 400,000
Repayment of 5.375% Senior Notes 0 (400,000)
Term loan repayments (130,000) (21,000)
Borrowings under revolving credit agreement 15,000 45,000
Repayments under revolving credit agreement (70,000) (120,000)
Payment of debt costs 0 (5,793)
Payments of finance leases (918) (252)
Proceeds from exercise of stock options 1,324 1,007
Fair value of shares surrendered as payment of tax withholding (1,242) (974)
Repurchase of common stock (9,874) (49,976)
Net cash used in financing activities (195,710) (151,988)
Effects of exchange rate changes on cash and cash equivalents 3,880 356
(Decrease) increase in cash and cash equivalents (32,657) 1,061
Cash and cash equivalents - beginning of period 94,760 27,530
Cash and cash equivalents - end of period 62,103 28,591
Supplemental Cash Flow Information [Abstract]    
Interest paid 46,927 66,305
Income taxes paid $ 29,677 $ 21,212
Debt instrument, stated interest rate 5.375% 5.375%