| Mar'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 | Mar'11 | Mar'10 |
|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||
Net income (loss) | |||||||||
-28,667 | 71,897 | 61,365 | 47,829 | 45,716 | 28,224 | 30,300 | 19,700 | 18,411 | 14,268 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||||||||
Depreciation | |||||||||
60,474 | 46,913 | 33,480 | 31,295 | 29,828 | 27,995 | 26,851 | 20,718 | 13,173 | 11,266 |
Amortization of intangible assets | |||||||||
43,618 | 26,009 | 14,425 | 13,178 | 11,541 | 9,823 | 9,493 | 6,456 | 3,321 | 1,832 |
Impairment loss on fixed assets | |||||||||
- | - | - | 132 | 777 | - | - | - | - | - |
Facility closure expenses related to impairment loss on fixed assets | |||||||||
- | - | - | 1,874 | 5,208 | - | - | - | - | - |
Goodwill impairment | |||||||||
99,155 | 0 | 0 | - | 951 | 13,475 | - | - | - | - |
Loss on sale of Southeast Asian durables business | |||||||||
- | -512 | - | - | - | - | - | - | - | - |
Net gain on sale of certain cylinder assets | |||||||||
- | - | - | - | - | - | - | - | - | 3,451 |
Loss on write-off of deferred financing fees | |||||||||
186 | 660 | - | - | 2,001 | - | - | 490 | - | - |
Impairment loss on fixed assets related to facility closures | |||||||||
309 | - | - | - | - | - | - | - | - | - |
Amortization of deferred financing costs | |||||||||
5,085 | 3,174 | 1,665 | 1,692 | 2,200 | 2,057 | 1,979 | 1,474 | 555 | - |
Gain on sale of Watertown facility | |||||||||
- | - | - | 476 | - | - | - | - | - | - |
Loss on benefit plans related to facility closures | |||||||||
- | -55 | -133 | -88 | 726 | - | - | - | - | - |
Gain on previously held equity interests | |||||||||
- | - | 690 | - | - | - | - | - | - | - |
Net (gain) loss on disposal of property, plant and equipment | |||||||||
-178 | -1,150 | 230 | -282 | -199 | -539 | -402 | 160 | -280 | -251 |
Net loss on facility closure | |||||||||
- | - | - | - | - | - | - | - | 258 | -711 |
Net (gain) loss on derivative contracts | |||||||||
976 | -4,018 | -103 | 276 | -351 | - | - | - | - | - |
Increase in deferred compensation | |||||||||
- | - | - | - | - | - | - | - | 14 | 183 |
Stock-based compensation expense | |||||||||
2,498 | 3,456 | 3,042 | 2,982 | 1,970 | 1,497 | 1,255 | 1,062 | 2,345 | 2,253 |
Excess tax benefit from stock-based compensation | |||||||||
- | - | 1,258 | 2,007 | 2,644 | 648 | 200 | 338 | -368 | -193 |
Deferred income taxes, net | |||||||||
-10,294 | -39,289 | -2,938 | 2,343 | 6,944 | 6,482 | 7,634 | 5,649 | 1,503 | -716 |
Gain on settlement of claim | |||||||||
- | - | - | - | - | 3,800 | - | - | - | - |
Impairment loss on long-lived assets | |||||||||
- | - | - | - | - | - | - | - | 31 | 1,035 |
Changes in assets and liabilities, net of acquisitions: | |||||||||
Accounts receivable | |||||||||
3,829 | 35,410 | 7,457 | 5,412 | -1,953 | -4,825 | 812 | 1,766 | 789 | -713 |
Inventories | |||||||||
9,106 | 3,072 | 1,999 | -3,273 | 1,048 | -34 | 2,458 | -3,544 | -1,059 | 863 |
Prepaid expenses and other assets | |||||||||
18,020 | 12,069 | -1,067 | 10,581 | -1,811 | 186 | -104 | -225 | 170 | -2,401 |
Accounts payable | |||||||||
24,344 | -9,892 | 171 | 11,773 | -4,095 | -6,088 | -3,891 | -2,389 | 523 | -2,347 |
Accrued expenses and other liabilities | |||||||||
-5,516 | -1,205 | 6,331 | 1,412 | 4,038 | -3,612 | -944 | 1,812 | -3,283 | -174 |
Net cash provided by operating activities | |||||||||
159,439 | 56,907 | 107,210 | 99,401 | 106,975 | 80,617 | 69,713 | 56,477 | 37,083 | 27,555 |
CASH FLOWS FROM INVESTING ACTIVITIES: | |||||||||
Capital expenditures | |||||||||
81,898 | 60,105 | 46,146 | 34,892 | 29,153 | 30,365 | 28,638 | 23,008 | 13,102 | 6,317 |
Investment in acquisitions, net of cash acquired | |||||||||
- | 1,024,644 | 28,839 | 103,245 | 31,240 | 133,499 | 15,979 | 275,872 | 43,092 | - |
Net proceeds from sale of Southeast Asian durables business | |||||||||
- | 3,620 | - | - | - | - | - | - | - | - |
Short-term refunds on equipment | |||||||||
- | - | - | - | - | 5,568 | - | 32 | 25 | - |
Proceeds from sale of Watertown and Norway facilities | |||||||||
- | - | - | 2,505 | - | - | - | - | - | - |
Proceeds from sale of Kansas City facility | |||||||||
- | - | - | - | - | - | 625 | - | - | - |
Proceeds from sale of property, plant and equipment | |||||||||
3,266 | 798 | 1,350 | 600 | 471 | 4,921 | 1,343 | 4,021 | 810 | 5,055 |
Net payment of escrow on acquisition of business | |||||||||
- | - | - | - | - | - | - | - | -88 | 235 |
Net cash used in investing activities | |||||||||
-78,632 | -1,080,331 | -73,635 | -135,032 | -59,922 | -153,375 | -42,649 | -294,891 | -55,497 | -1,027 |
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||
Borrowings under revolving lines of credit | |||||||||
348,719 | 478,519 | 265,746 | 362,960 | 323,895 | 239,342 | 200,868 | 155,115 | 116,228 | 64,113 |
Payments under revolving lines of credit | |||||||||
398,452 | 618,804 | 292,797 | 309,621 | 227,818 | 212,401 | 173,619 | 198,734 | 76,097 | 73,448 |
Borrowings of long-term debt | |||||||||
- | 1,250,000 | 2,156 | 823 | 251,896 | 76,872 | 1,234 | 316,962 | - | - |
Repayments of long-term debt | |||||||||
22,699 | 10,808 | 6,572 | 9,165 | 367,868 | 30,589 | 28,200 | 17,460 | 11,936 | 10,000 |
Payment of acquisition related deferred payments | |||||||||
8,343 | 10,697 | 1,784 | 1,141 | 10,916 | 3,129 | 19,429 | - | - | - |
Buyout of non-controlling interest | |||||||||
- | - | 514 | - | - | - | - | - | - | - |
Treasury stock purchase in settlement of claim | |||||||||
- | - | - | - | - | 1,800 | - | - | - | - |
Payment of acquisition related contingent consideration | |||||||||
- | - | - | - | - | - | - | -12,186 | - | - |
Proceeds from issuance of common stock | |||||||||
1,556 | 2,572 | 2,742 | 2,706 | 2,019 | 3,177 | 994 | 1,249 | 342 | 38 |
Excess tax benefit from stock-based compensation | |||||||||
- | - | 1,258 | 2,007 | 2,644 | 648 | 200 | 338 | -368 | -193 |
Debt issuance costs | |||||||||
10 | 26,669 | - | 18 | 7,921 | 1,364 | - | 8,562 | 1,682 | - |
Dividends paid | |||||||||
4,106 | 4,024 | 3,876 | 3,351 | 3,302 | 3,276 | 3,237 | 2,941 | 2,612 | 2,469 |
Net cash provided by (used in) financing activities | |||||||||
-83,335 | 1,060,089 | -33,641 | 45,200 | -37,371 | 67,480 | -21,189 | 233,781 | 23,875 | -21,959 |
Effect of foreign exchange rate changes on cash | |||||||||
-7,418 | 5,814 | -2,414 | 91 | -1,653 | -439 | -152 | -505 | 1,542 | 386 |
Net increase (decrease) in cash and cash equivalents | |||||||||
-9,946 | 42,479 | -2,480 | 9,660 | 8,029 | -5,717 | 5,723 | -5,138 | 7,003 | 4,955 |