| Mar'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 | Mar'11 | Mar'10 | Mar'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||||||
Net earnings | ||||||||||
160,627 | 119,833 | 158,223 | 131,824 | 181,525 | 146,767 | 164,958 | 143,967 | 113,426 | 62,304 | 81,930 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
63,348 | 54,317 | 53,945 | 55,994 | 57,040 | 53,972 | 50,502 | 50,360 | 44,393 | 44,851 | 47,233 |
Write-off of assets relating to exit activities and other | ||||||||||
26,308 | 3,736 | 1,435 | 3,800 | 3,349 | 11,497 | 3,689 | 0 | - | - | - |
Non-cash write-off of property, plant and equipment | ||||||||||
0 | 0 | 6,300 | 0 | 0 | - | - | - | - | - | - |
Gain on disposition of equity interest in Altergy | ||||||||||
- | - | - | - | 2,000 | 5,000 | 0 | 0 | - | - | - |
Impairment of goodwill | ||||||||||
0 | 0 | 12,216 | 31,411 | 23,946 | 5,179 | 0 | - | - | - | - |
Impairment of indefinite-lived intangibles and fixed assets | ||||||||||
0 | 0 | 1,800 | 4,841 | - | - | - | - | - | - | - |
Goodwill, Impairment Loss | ||||||||||
- | - | - | - | - | - | - | 0 | - | - | - |
Derivatives not designated in hedging relationships: | ||||||||||
Net losses | ||||||||||
-1,856 | 180 | -471 | -409 | 972 | -188 | 2,496 | -1,083 | - | - | - |
Cash settlements | ||||||||||
-1,802 | 43 | -1,225 | 648 | 654 | -703 | -851 | -3,763 | - | - | - |
Provision for doubtful accounts | ||||||||||
1,385 | 822 | 1,794 | 4,749 | 1,125 | 907 | 998 | 1,395 | 1,513 | 2,712 | 4,873 |
Deferred income taxes | ||||||||||
-6,456 | -20,313 | 1,455 | -753 | 31,886 | -49,748 | 1,673 | -3,227 | -3,064 | 6,975 | 8,828 |
Legal proceedings accrual / (reversal of legal accrual, net of fees) | ||||||||||
- | - | -23,725 | 799 | 16,233 | - | - | - | - | - | - |
Non-cash interest expense | ||||||||||
1,316 | 1,603 | 1,388 | 2,794 | 9,546 | 8,826 | 8,492 | 7,983 | 7,776 | 7,163 | 5,994 |
Stock-based compensation | ||||||||||
22,608 | 19,453 | 19,185 | 19,603 | 25,259 | 16,742 | 14,737 | 11,585 | 9,056 | 6,964 | 5,021 |
Loss (gain) on sale of facility | ||||||||||
- | - | 0 | 4,348 | 0 | - | - | - | - | - | - |
Write-off of deferred financing fees | ||||||||||
- | - | - | - | - | - | - | - | 2,308 | - | 3,963 |
Gain on disposal of property, plant, and equipment | ||||||||||
258 | -116 | 7 | 114 | -8 | - | -170 | 432 | - | - | 11,308 |
Changes in assets and liabilities, net of effects of acquisitions: | ||||||||||
Bargain purchase gain | ||||||||||
- | - | - | - | - | - | - | - | - | 2,919 | - |
Gain on disposal of fixed assets | ||||||||||
- | - | - | - | - | - | - | - | - | -912 | 6,219 |
Accounts receivable | ||||||||||
-5,974 | 32,242 | 13,535 | -31,142 | 13,250 | 70,134 | -5,421 | -7,106 | 61,892 | 7,303 | -85,915 |
Inventories | ||||||||||
46,614 | 38,075 | 42,792 | -11,667 | 10,153 | -8,144 | 921 | 19,655 | 67,250 | 23,445 | -90,930 |
Prepaid and other current assets | ||||||||||
20,195 | -14,470 | -3,721 | -4,751 | 18,998 | 7,669 | 15,754 | -8,834 | 15,658 | 1,075 | 1,509 |
Other assets | ||||||||||
7,611 | 1,150 | -2,034 | 331 | -701 | 1,347 | -3,293 | 955 | 2,552 | 1,218 | -142 |
Accounts payable | ||||||||||
9,944 | 21,266 | 845 | 12,178 | -26,500 | -14,979 | 5,370 | -12,377 | 42,422 | 59,116 | -109,712 |
Legal proceedings accrual | ||||||||||
7,258 | 0 | - | - | - | - | - | - | - | - | - |
Accrued expenses | ||||||||||
-4,937 | -26,614 | 9,333 | -4,739 | -64,147 | 90,339 | 2,997 | 13,505 | -3,822 | -5,816 | 4,895 |
Other liabilities | ||||||||||
-14,896 | 93,963 | 5,719 | 2,844 | 11,685 | -9,260 | 2,122 | -1,213 | 9,803 | -10,795 | -3,977 |
Net cash provided by operating activities | ||||||||||
197,855 | 211,048 | 246,030 | 307,571 | 194,471 | 193,621 | 244,400 | 204,196 | 76,459 | 136,602 | 219,437 |
Cash flows from investing activities | ||||||||||
Capital expenditures | ||||||||||
70,372 | 69,832 | 50,072 | 55,880 | 63,625 | 61,995 | 55,286 | 48,943 | 59,940 | 45,111 | 57,143 |
Purchase of businesses | ||||||||||
654,614 | 2,988 | 12,392 | 35,439 | 0 | 171,528 | 0 | 23,553 | 32,200 | 33,242 | - |
Proceeds from sale of facility | ||||||||||
- | - | 0 | 9,179 | 0 | - | - | - | - | - | - |
Proceeds from disposition of equity interest in Altergy | ||||||||||
- | - | - | - | -2,000 | - | - | - | - | - | - |
Proceeds from disposal of property, plant, and equipment | ||||||||||
1,103 | 463 | 631 | 1,217 | 2,009 | 1,518 | 194 | 76 | 479 | 1,109 | 10,333 |
Net cash used in investing activities | ||||||||||
-723,883 | -72,357 | -61,833 | -80,923 | -59,616 | -232,005 | -55,092 | -72,420 | -91,661 | -77,244 | -46,810 |
Cash flows from financing activities | ||||||||||
Net repayments on short-term debt | ||||||||||
37,424 | 214 | -4,600 | 4,233 | -11,923 | 8,458 | 7,435 | -462 | 3,084 | -7,436 | -34,195 |
Proceeds from Notes | ||||||||||
- | - | 0 | 300,000 | 150,000 | - | 5,556 | 0 | 6,112 | - | 397,500 |
Repayments of 2017 Term Loan | ||||||||||
- | - | 15,000 | 7,500 | 0 | - | 16,468 | 308 | 212,238 | 25,243 | 367,018 |
Option proceeds | ||||||||||
9,048 | 958 | 3 | 4 | 5 | -7,871 | 10,033 | 974 | 17,894 | 5,042 | 5,795 |
Payment of taxes related to net share settlement of equity awards | ||||||||||
3,630 | 7,489 | 7,447 | 15,209 | 12,676 | - | - | - | - | - | - |
Excess tax benefits from exercise of stock options and vesting of equity awards | ||||||||||
- | - | 0 | 4,291 | 4,071 | 1,612 | 1,351 | 1,772 | 6,082 | 2,287 | 6,100 |
Purchase of treasury stock | ||||||||||
56,436 | 121,191 | 0 | 178,244 | 205,362 | 69,867 | 22,593 | 58,383 | - | - | 19,800 |
Dividends paid to stockholders | ||||||||||
29,743 | 29,674 | 30,400 | 30,880 | 31,739 | 23,681 | 0 | 0 | - | - | - |
Repayments of Convertible Notes | ||||||||||
- | - | 0 | 172,266 | 234 | - | - | - | - | - | - |
Debt issuance costs | ||||||||||
1,393 | 2,677 | 0 | 5,031 | 1,076 | 853 | 0 | 0 | 3,500 | - | 10,950 |
Other | ||||||||||
368 | -29 | -98 | -127 | -260 | -404 | -358 | -1,375 | -111 | 878 | -628 |
Payment of deferred purchase consideration | ||||||||||
- | - | - | - | - | 4,820 | 0 | 0 | - | - | - |
Purchase of noncontrolling interests | ||||||||||
- | - | - | - | 119 | 6,012 | 2,131 | 1,000 | - | - | - |
Proceeds from noncontrolling interests | ||||||||||
- | - | - | - | - | - | 613 | 0 | - | - | - |
Net cash provided by financing activities | ||||||||||
346,577 | -166,888 | -62,542 | -105,729 | -59,313 | 21,562 | -95,962 | -79,382 | -82,677 | -24,472 | -23,196 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||
-43,455 | 49,986 | -18,633 | 7,467 | -46,724 | 7,577 | -4,488 | -773 | 5,706 | 2,995 | -6,890 |
Net increase in cash and cash equivalents | ||||||||||
-222,906 | 21,789 | 103,022 | 128,386 | 28,818 | -9,245 | 88,858 | 51,621 | -92,173 | 37,881 | 142,541 |
Supplemental disclosures: | ||||||||||
Common stock issued as partial consideration for Alpha acquisition | ||||||||||
93,268 | 0 | - | - | - | - | - | - | - | - | - |
Amended Credit Facility, due 2022 | ||||||||||
Proceeds from borrowings | ||||||||||
531,100 | 379,750 | 0 | - | 372,700 | 251,900 | 246,050 | 111,550 | 100,000 | - | - |
Repayments of 2017 Revolver borrowings | ||||||||||
427,600 | 244,250 | 0 | - | 322,700 | 126,900 | 325,450 | 132,150 | - | - | - |
2011 Revolver borrowings | ||||||||||
Proceeds from Revolver borrowings | ||||||||||
0 | 147,050 | 262,000 | - | - | - | - | - | - | - | - |
Repayments of Revolver borrowings | ||||||||||
0 | 312,050 | 267,000 | - | - | - | - | - | - | - | - |
Amended 2017 Term Loan | ||||||||||
Repayments of Revolver borrowings | ||||||||||
11,666 | 0 | - | - | - | - | - | - | - | - | - |
Proceeds from Amended 2017 Term Loan | ||||||||||
299,105 | 150,000 | 0 | 0 | - | - | - | - | - | - | - |
2011 Term Loan | ||||||||||
Repayments of 2011 Term Loan | ||||||||||
0 | 127,500 | - | - | - | - | - | - | - | - | - |