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Consolidated Statements of Cash Flows
 12 Months Ended
Mar. 31, 2024
CAD ($)
Mar. 31, 2023
CAD ($)
Operating activities    
Net income $ 194,181,000 $ 127,701,000
Items not involving cash    
Depreciation of property, plant and equipment 28,455,000 25,590,000
Amortization of right-of-use assets 29,656,000 24,060,000
Amortization of intangible assets 83,063,000 75,839,000
Deferred income taxes (29,915,000) (37,542,000)
Other items not involving cash (20,277,000) 16,470,000
Stock-based compensation 11,253,000 5,088,000
Change in non-cash operating working capital (275,636,000) (109,406,000)
Cash flows provided by operating activities 20,780,000 127,800,000
Investing activities    
Acquisition of property, plant and equipment (58,830,000) (56,104,000)
Acquisition of intangible assets (29,628,000) (24,192,000)
Business acquisitions, net of cash acquired (276,538,000) (51,679,000)
Settlement of cross-currency interest rate swap instrument 0 21,493,000
Proceeds from disposal of property, plant and equipment 23,211,000 1,460,000
Cash flows used in investing activities (341,785,000) (109,022,000)
Financing activities    
Bank indebtedness (1,527,000) 3,399,000
Repayment of long-term debt (798,378,000) (344,169,000)
Proceeds from long-term debt 816,514,000 395,559,000
Proceeds from exercise of stock options 2,152,000 4,964,000
Proceeds from U.S. initial public offering, net of issuance fees 362,072,000 0
Purchase of non-controlling interest (195,000) (452,000)
Repurchase of common shares (14,000) (21,071,000)
Acquisition of shares held in trust (23,820,000) (12,365,000)
Principal lease payments (26,080,000) (20,983,000)
Cash flows provided by financing activities 330,724,000 4,882,000
Effect of exchange rate changes on cash and cash equivalents 591,000 925,000
Increase in cash and cash equivalents 10,310,000 24,585,000
Cash and cash equivalents at beginning of period 159,867,000 135,282,000
Cash and cash equivalents at end of period 170,177,000 159,867,000
Supplemental information    
Cash income taxes paid 49,511,000 58,398,000
Cash interest paid $ 68,526,000 $ 58,452,000