| 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 | |||||||||
79,752 | 63,935 | 61,526 | 66,805 | 61,799 | 54,459 | 42,567 | 54,612 | 45,841 | 33,191 |
Adjustments to reconcile net income to net cash provided by operating activities - | |||||||||
Depreciation and amortization | |||||||||
55,531 | 49,335 | 44,629 | 39,769 | 35,721 | 31,688 | 27,500 | 23,583 | 22,380 | 22,505 |
Gain on bargain purchase | |||||||||
- | 13 | - | - | 386 | 217 | 0 | 0 | - | - |
Gain on disposal of assets | |||||||||
-56 | 1,198 | -85 | 41 | -265 | -373 | -375 | 1,247 | -291 | -1,148 |
Stock-based compensation expense | |||||||||
4,022 | 2,858 | 2,483 | 2,750 | 3,264 | 3,551 | 3,084 | 2,695 | 2,299 | 1,977 |
Excess tax benefits from share-based payment arrangements | |||||||||
- | - | - | 8 | 121 | 195 | 441 | 294 | 2,040 | 2,367 |
Net change in deferred income taxes | |||||||||
-12,517 | -15,485 | -11,256 | -6,589 | -6,338 | -4,520 | 375 | -3,162 | -2,551 | -1,004 |
Change in operating assets and liabilities (excluding acquisitions): | |||||||||
Trade receivables | |||||||||
1,361 | 88 | 74 | 1,477 | -168 | -107 | 511 | -153 | -101 | -671 |
Inventories | |||||||||
9,126 | 8,399 | -5,044 | -1,555 | -805 | 5,192 | 5,968 | -4,589 | 12,887 | 655 |
Other current assets | |||||||||
514 | 4,076 | 2,879 | 6,847 | -2,622 | -5,149 | 7,176 | 3,668 | -975 | -3,538 |
Other non-current assets | |||||||||
427 | -1,863 | -5,680 | -2,886 | 498 | -1,844 | -5,468 | 6,942 | -3,329 | -404 |
Trade payables | |||||||||
19,037 | 5,151 | 9,605 | 7,079 | 9,599 | -7,685 | 15,657 | 4,048 | -2,095 | 8,348 |
Accrued expenses | |||||||||
-3,019 | -1,582 | -3,224 | 2,414 | 2,937 | 3,656 | 3,826 | -323 | 3,545 | 7,266 |
Federal and state income taxes payable | |||||||||
1,401 | 658 | -63 | 6,212 | -4,764 | 2,031 | 1,779 | 3,577 | 501 | 8,457 |
Other long-term liabilities | |||||||||
-1,967 | -930 | -3,580 | -1,399 | -1,037 | 491 | -844 | -539 | 99 | 36 |
Long-term income taxes payable | |||||||||
-209 | -448 | -679 | 217 | 109 | -637 | -505 | -780 | 630 | 1,004 |
Total adjustments | |||||||||
73,139 | 57,300 | 68,409 | 59,699 | 64,550 | 39,484 | 41,869 | 28,014 | 19,679 | 53,336 |
Net cash provided by operating activities | |||||||||
152,891 | 121,235 | 129,935 | 126,504 | 126,349 | 93,943 | 84,436 | 82,626 | 65,520 | 86,527 |
Cash flows from investing activities: | |||||||||
Capital expenditures | |||||||||
44,468 | 39,122 | 34,640 | 36,834 | 34,750 | 32,150 | 34,185 | 28,556 | 17,507 | 21,333 |
Acquisitions, net of cash acquired | |||||||||
62,427 | 23,439 | 142,567 | 49,018 | 84,367 | 27,467 | 163,326 | 39,243 | 10,193 | 46,103 |
Proceeds from the disposal of assets | |||||||||
723 | 4,071 | 1,583 | 2,625 | 409 | 3,916 | 3,037 | 2,102 | 143 | 780 |
Other | |||||||||
-289 | - | - | - | - | - | - | - | - | - |
Net cash used for investing activities | |||||||||
-105,883 | -58,490 | -175,624 | -83,227 | -118,708 | -55,701 | -194,474 | -65,697 | -27,557 | -66,656 |
Cash flows from financing activities: | |||||||||
Proceeds from borrowings | |||||||||
433,460 | 344,843 | 470,027 | 336,942 | 343,561 | 304,321 | 371,031 | 189,502 | 173,998 | 166,301 |
Principal payments on long-term debt, finance leases and financing obligations | |||||||||
463,989 | 395,521 | 404,303 | 366,707 | 336,617 | 333,174 | 253,445 | 198,236 | 218,888 | 181,894 |
Exercise of stock options | |||||||||
14,640 | 4,816 | 3,492 | 8,602 | 8,664 | 4,314 | 2,957 | 3,134 | 5,067 | 6,629 |
Excess tax benefits from share-based payment arrangements | |||||||||
- | - | - | 8 | 121 | 195 | 441 | 294 | 2,040 | 2,367 |
Dividends paid | |||||||||
26,814 | 23,969 | 22,517 | 19,687 | 16,845 | 14,156 | 12,740 | 11,036 | 8,690 | 5,430 |
Deferred financing costs | |||||||||
- | - | - | 2,180 | - | - | - | - | - | - |
Net cash provided by (used for) financing activities | |||||||||
-42,703 | -69,831 | 46,699 | -43,022 | -1,116 | -38,500 | 108,244 | -16,342 | -46,473 | -12,027 |
Increase in cash | |||||||||
4,305 | -7,086 | 1,010 | 255 | 6,525 | -258 | -1,794 | 587 | -8,510 | 7,844 |