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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2022
Operating Activities      
Net income (loss) $ 209,339 $ (82,306) $ 205,381
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 30,675 32,625 32,092
Loss on sale or disposal of property and equipment 274 273 271
Deferred income taxes 23,070 (60,765) 9,979
Amortization of debt origination costs 5,240 4,364 4,230
Stock-based compensation costs 14,010 12,405 9,039
Loss on extinguishment of debt 0 0 2,122
Non-cash operating lease cost 6,149 6,311 6,706
Impairment loss 0 370,217 1,057
Other 0 447 (9)
Changes in operating assets and liabilities, net of effects from acquisition:      
Accounts receivable (6,322) (24,927) (24,654)
Inventories 24,439 (42,225) 663
Prepaid expenses and other current assets (8,214) 2,259 1,448
Accounts payable (24,971) 7,258 9,154
Accrued liabilities (16,217) 10,742 9,616
Operating lease liabilities (7,134) (6,687) (6,448)
Other (1,412) (275) (725)
Net cash provided by operating activities 248,926 229,716 259,922
Investing Activities      
Purchases of property, plant and equipment (9,550) (7,784) (9,642)
Acquisitions and other (10,561) (3,800) (246,869)
Net cash used in investing activities (20,111) (11,584) (256,511)
Financing Activities      
Term Loan repayments (225,000) (135,000) (600,000)
Proceeds from refinancing of Term Loan 0 0 597,000
Borrowings under revolving credit agreement 0 20,000 85,000
Repayments under revolving credit agreement 0 (20,000) (85,000)
Payment of debt costs (769) 0 (6,111)
Payments of finance leases (2,827) (2,752) (2,582)
Proceeds from exercise of stock options 18,089 7,372 7,040
Fair value of shares surrendered as payment of tax withholding (5,508) (5,466) (2,916)
Repurchase of common stock (25,000) (50,000) 0
Net cash used in financing activities (241,015) (185,846) (7,569)
Effects of exchange rate changes on cash and cash equivalents 180 (982) (959)
(Decrease) increase in cash and cash equivalents (12,020) 31,304 (5,117)
Cash and cash equivalents - beginning of year 58,489 27,185 32,302
Cash and cash equivalents - end of year 46,469 58,489 27,185
Interest paid 63,248 54,243 61,364
Income taxes paid $ 59,637 $ 40,739 $ 46,568