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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
Operating Activities      
Net (loss) income $ (82,306) $ 205,381 $ 164,682
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 32,625 32,092 30,164
Loss on sale or disposal of property and equipment 273 271 220
Deferred income taxes (60,765) 9,979 18,628
Amortization of debt origination costs 4,364 4,230 4,979
Stock-based compensation costs 12,405 9,039 8,543
Loss on extinguishment of debt 0 2,122 12,327
Non-cash operating lease cost 6,311 6,706 7,082
Impairment loss 370,217 1,057 2,434
Other 447 (9) (7,854)
Changes in operating assets and liabilities, net of effects from acquisition:      
Accounts receivable (24,927) (24,654) 36,872
Inventories (42,225) 663 2,972
Prepaid expenses and other current assets 2,259 1,448 (3,227)
Accounts payable 7,258 9,154 (17,342)
Accrued liabilities 10,742 9,616 (14,912)
Operating lease liabilities (6,687) (6,448) (6,718)
Other (275) (725) (3,243)
Net cash provided by operating activities 229,716 259,922 235,607
Investing Activities      
Purchases of property, plant and equipment (7,784) (9,642) (22,243)
Acquisitions 0 (247,046) 0
Other (3,800) 177 0
Net cash used in investing activities (11,584) (256,511) (22,243)
Financing Activities      
Proceeds from issuance of senior notes 0 0 600,000
Repayment of senior notes 0 0 (600,000)
Term Loan repayments (135,000) (600,000) (195,000)
Proceeds from refinancing of Term Loan 0 597,000 0
Borrowings under revolving credit agreement 20,000 85,000 15,000
Repayments under revolving credit agreement (20,000) (85,000) (70,000)
Payment of debt costs 0 (6,111) (17,718)
Payments of finance leases (2,752) (2,582) (1,443)
Proceeds from exercise of stock options 7,372 7,040 2,851
Fair value of shares surrendered as payment of tax withholding (5,466) (2,916) (1,242)
Repurchase of common stock (50,000) 0 (11,867)
Net cash used in financing activities (185,846) (7,569) (279,419)
Effects of exchange rate changes on cash and cash equivalents (982) (959) 3,597
Increase (decrease) in cash and cash equivalents 31,304 (5,117) (62,458)
Cash and cash equivalents - beginning of year 27,185 32,302 94,760
Cash and cash equivalents - end of year 58,489 27,185 32,302
Interest paid 54,243 61,364 80,290
Income taxes paid $ 40,739 $ 46,568 $ 34,381