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Supplemental Disclosure of Cash Flow Information
 12 Months Ended
Mar. 31, 2012
Supplemental Disclosure of Cash Flow Information [Abstract]  
Supplemental Disclosure Of Cash Flow Information

NOTE 15 — SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION

The following transactions represent non-cash investing and financing activities during the periods indicated:

Year ended March 31, 2012

In connection with the fiscal year 2012 acquisitions (see Note 2), liabilities were assumed as follows:

 

 

         

Fair value of assets acquired

   $ 13,155,000  

Goodwill

     33,800,000  

Cash paid, net of cash acquired

     (39,243,000 ) 
   

 

 

  

Liabilities assumed

   $ 7,712,000  
   

 

 

  

In connection with the recording of capital leases, the Company increased both property, plant and equipment and long-term debt by $1,400,000.

In connection with the recording of the pension liability adjustment, the Company decreased other non-current assets, other comprehensive income and long-term deferred tax liabilities by $3,033,000, $1,977,000 and $1,212,000, respectively and increased other long-term liabilities by $156,000.

In connection with the accounting for income tax benefits related to the exercise of stock options, the Company decreased current liabilities and increased paid-in capital by $5,314,000.

In connection with the exercise of stock options and the satisfaction of tax withholding obligations by the Company’s Chief Executive Officer (see Note 1) and one member of the Company’s Board of Directors, the Company increased current liabilities, Common Stock, paid-in capital and treasury stock by $5,485,000, $6,000, $8,685,000 and $14,176,000, respectively.

Year ended March 26, 2011

In connection with the fiscal year 2011 acquisitions (see Note 2), liabilities were assumed as follows:

 

         

Fair value of assets acquired

   $ 2,616,000  

Goodwill

     8,169,000  

Cash paid, net of cash acquired

     (10,193,000 ) 
   

 

 

  

Liabilities assumed

   $ 592,000  
   

 

 

  

In connection with the recording of capital leases, the Company increased both property, plant and equipment and long-term debt by $1,065,000.

 

In connection with the accounting for income tax benefits related to the exercise of stock options, the Company decreased current liabilities and increased paid-in capital and long-term deferred tax liabilities by $3,538,000, $3,531,000 and $7,000, respectively.

In connection with the exercise of stock options and the satisfaction of tax withholding obligations by the Company’s Chief Executive Officer (see Note 1) and one member of the Company’s Board of Directors, the Company increased current liabilities, Common Stock, paid-in capital and treasury stock by $1,120,000, $1,000, $606,000 and $1,727,000, respectively.

Year ended March 27, 2010

In connection with the fiscal year 2010 acquisitions, liabilities were assumed as follows:

 

         

Fair value of assets acquired

   $ 45,352,000  

Goodwill

     18,556,000  

Cash paid, net of cash acquired

     (46,103,000 ) 
   

 

 

  

Liabilities assumed

   $ 17,805,000  
   

 

 

  

In connection with recording the value of the Company’s interest rate swap contracts, other comprehensive income and other current liabilities increased by $435,000 and $307,000, respectively, and other long-term liabilities and long-term deferred tax assets decreased by $1,008,000 and $266,000, respectively.

In connection with the recording of capital leases, the Company increased both property, plant and equipment and long-term debt by $3,500,000.

In connection with the recording of the pension liability adjustment, the Company increased other non-current assets by $1,311,000 and decreased other comprehensive income and long-term deferred tax liabilities by $813,000 and $498,000, respectively.

In connection with the accounting for income tax benefits related to the exercise of stock options, the Company decreased current liabilities and increased paid-in capital by $2,990,000.

In connection with the exercise of stock options and the satisfaction of tax withholding obligations by the Company’s Chief Executive Officer (see Note 1) and other members of the Company’s Board of Directors, the Company increased current liabilities, Common Stock, paid-in capital and treasury stock by $792,000, $1,000, $2,343,000 and $3,136,000, respectively.

In connection with the declaration of cash dividends, the Company increased other current liabilities and decreased retained earnings by $1,434,000.

 

 

                         
    Year Ended Fiscal March  
    2012     2011     2010  
    (Dollars in thousands)  

Cash paid during the year:

                        

Interest, net

   $ 4,924     $ 5,006     $ 5,880  

Income taxes, net

   $ 25,813     $ 24,464     $ 9,584