XML 20 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 112,506 $ 118,148 $ 120,461
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 35,911 36,754 35,394
Provisions for losses (recoveries) on advances and guaranteed loans to suppliers (857) 815 3,734
Inventory write-downs 10,866 11,899 18,612
Stock-based compensation expense 6,475 5,206 6,230
Foreign currency remeasurement loss (gain), net 9,269 22,517 28,836
Deferred income taxes 16,626 15,046 (13,662)
Equity in net income of unconsolidated affiliates, net of dividends 396 156 (1,075)
Gain on favorable outcome of excise tax case in Brazil 0 0 (12,676)
Fair value gain upon acquisition of partner's interest in joint venture 0 (3,390) 0
Restructuring and impairment costs 4,359 2,389 4,890
Other, net (4,463) 13,204 (7,342)
Changes in operating assets and liabilities, net:      
Accounts and notes receivable (14,346) (2,806) 49,414
Inventories and other assets 52,139 (7,370) 37,751
Income taxes (1,719) 1,437 5,680
Accounts payable and accrued liabilities 28,643 (13,678) (63,257)
Customer advances and deposits (5,490) (13,796) 14,397
Net cash provided by operating activities 250,315 186,531 227,387
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property, plant and equipment (35,630) (47,153) (58,385)
Purchase of partner's interest in joint venture, net of cash held by the business 0 (5,964) 0
Proceeds from sale of property, plant and equipment 2,174 2,982 4,522
Other, net (398) (796) (141)
Net cash used by investing activities (33,854) (50,931) (54,004)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Issuance (repayment) of short-term debt, net (5,349) 4,880 2,618
Issuance of long-term debt 0 0 370,000
Repayment of long-term debt 0 0 (356,250)
Dividends paid to noncontrolling interests (4,200) (4,449) (4,183)
Issuance of common stock 0 0 187
Conversion/repurchase of convertible perpetual preferred stock (178,365) 0 (1,497)
Repurchase of common stock 0 0 (31,227)
Dividends paid on convertible perpetual preferred stock (11,061) (14,748) (14,824)
Dividends paid on common stock (49,828) (47,389) (47,337)
Debt issuance costs and other (2,441) (2,940) (4,511)
Net cash used by financing activities (251,244) (64,646) (87,024)
Effect of exchange rate changes on cash (671) (290) (1,108)
Net increase (decrease) in cash and cash equivalents (35,454) 70,664 85,251
Cash and cash equivalents at beginning of year 319,447 248,783 163,532
Cash and cash equivalents at end of year 283,993 319,447 248,783
Supplemental information - cash paid for:      
Interest 16,284 15,704 19,184
Income taxes, net of refunds $ 37,294 $ 38,732 $ 46,044