| Mar'20 | Mar'19 | Mar'18 | Apr'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 | Mar'11 | Mar'10 | Mar'09 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||
Net income | |||||||||||
126,036 | 105,193 | 87,141 | 70,623 | 63,894 | 58,248 | 60,208 | 56,342 | 49,997 | 34,868 | 24,385 | 34,454 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Depreciation | |||||||||||
21,808 | 19,992 | 19,016 | 18,100 | 16,807 | 13,206 | 13,063 | 13,166 | 12,699 | 11,551 | 10,497 | 10,592 |
Excess tax benefits from stock-based compensation | |||||||||||
- | - | - | 4,780 | 2,549 | 3,144 | 1,562 | 7,124 | 757 | 956 | -87 | 99 |
Total | |||||||||||
6,502 | -4,904 | -702 | 8,323 | -336 | 1,044 | 364 | -906 | -119 | -1,146 | 1,082 | 123 |
Amortization of intangible assets | |||||||||||
9,612 | 9,666 | 9,344 | 9,272 | 9,000 | 1,839 | 1,924 | 1,553 | 1,491 | 1,420 | 1,333 | 1,568 |
Amortization of deferred financing costs | |||||||||||
506 | 921 | 1,424 | 1,424 | 1,333 | 325 | 325 | 325 | 325 | 297 | 209 | 234 |
Consolidation and restructuring charges | |||||||||||
358 | 16,906 | 6,619 | 1,443 | 190 | 5,026 | 0 | 0 | - | - | - | - |
Loss on extinguishment of debt | |||||||||||
- | 987 | - | - | - | - | - | - | - | - | - | -319 |
Stock-based compensation | |||||||||||
20,150 | 16,087 | 13,403 | 12,111 | 10,200 | 8,339 | 5,833 | 5,288 | 4,121 | 4,057 | 3,182 | 2,502 |
(Gain)/loss on disposition of assets | |||||||||||
-1,227 | 853 | 241 | -2,504 | -3 | -511 | 31 | -6,301 | 10 | 1,076 | -200 | -4,383 |
Gain on acquisition | |||||||||||
- | - | - | -293 | 0 | 0 | 0 | -327 | 0 | 0 | - | - |
Changes in operating assets and liabilities, net of acquisitions: | |||||||||||
Accounts receivable | |||||||||||
3,305 | -17,307 | -5,934 | 7,294 | 619 | 2,005 | 5,990 | -2,696 | 12,434 | 5,128 | -9,570 | -1,487 |
Inventory | |||||||||||
-25,371 | -37,841 | -14,490 | 9,057 | 25,460 | 13,504 | 17,024 | 15,527 | 14,293 | 6,279 | 612 | 11,056 |
Prepaid expenses and other current assets | |||||||||||
-3,878 | -506 | 1,088 | 2,815 | 1,576 | -3,738 | 3,450 | 174 | -1,065 | -5,278 | 341 | 1,087 |
Other non-current assets | |||||||||||
-3,946 | -6,331 | -3,355 | 2,412 | 1,876 | 2,830 | 3,418 | 1,934 | 1,815 | 611 | 1,155 | 1,446 |
Accounts payable | |||||||||||
837 | 5,881 | 10,494 | -1,397 | -2,756 | -534 | -2,986 | 607 | 413 | 4,976 | -2,131 | -3,959 |
Accrued expenses and other current liabilities | |||||||||||
-14 | -2,475 | -2,285 | 5,480 | 14,246 | 3,391 | -2,321 | 8,333 | 3,481 | 2,590 | -6,281 | 2,877 |
Other non-current liabilities | |||||||||||
943 | 1,425 | 8,285 | 10 | 2,859 | -1,860 | 3,040 | -2,357 | 865 | 115 | 1,128 | 1,675 |
Net cash provided by operating activities | |||||||||||
155,621 | 108,547 | 130,289 | 101,242 | 83,360 | 71,790 | 47,975 | 66,262 | 45,029 | 49,956 | 41,153 | 44,741 |
Cash flows from investing activities: | |||||||||||
Purchase of property, plant and equipment | |||||||||||
37,297 | 41,346 | 27,976 | 20,894 | 20,864 | 20,897 | 28,920 | 42,017 | 17,841 | 10,440 | 9,906 | 27,583 |
Purchase of short-term investments | |||||||||||
- | - | - | - | - | - | 729 | 1,791 | 0 | 1,845 | 7,219 | - |
Proceeds from sale or maturities of short-term investments | |||||||||||
- | - | - | - | - | 2,380 | 0 | 493 | 3,883 | 5,043 | - | - |
Acquisition of businesses, net of cash acquired | |||||||||||
33,842 | - | - | 651 | 500,000 | 0 | 17,568 | 2,628 | 0 | 0 | 1,943 | 6,325 |
Proceeds from sale of assets | |||||||||||
8,354 | 1,920 | 87 | 188 | 726 | 608 | 100 | 763 | 297 | 2,397 | 15 | 568 |
Proceeds from sale of business | |||||||||||
- | 22,284 | - | - | - | - | - | - | - | - | - | - |
Net cash used in investing activities | |||||||||||
-62,785 | -17,142 | -27,889 | -21,357 | -520,138 | -17,909 | -47,117 | -45,180 | -13,661 | -4,845 | -19,053 | -33,340 |
Cash flows from financing activities: | |||||||||||
Proceeds from revolving credit facilities | |||||||||||
9,435 | 149,250 | - | - | 225,000 | 0 | 0 | - | - | - | - | - |
Proceeds from term loans | |||||||||||
15,383 | - | - | - | 200,000 | 0 | 0 | 9,892 | -255 | -156 | - | - |
Dividends paid to shareholders | |||||||||||
- | - | - | - | - | 46,014 | 0 | 0 | - | - | - | - |
Financing fees paid in connection with senior credit facility | |||||||||||
- | - | - | - | - | - | - | - | - | 1,515 | - | - |
Repayments of revolving credit facilities | |||||||||||
45,821 | 110,500 | 84,000 | 84,500 | 56,000 | 0 | 0 | - | - | - | - | - |
Net decrease in revolving credit facility | |||||||||||
- | - | - | - | - | - | - | - | 30,000 | 7,000 | 30,000 | -26,000 |
Repayments of term loans | |||||||||||
- | 168,750 | 13,750 | 10,000 | 7,500 | 0 | 0 | - | - | - | - | - |
Finance fees paid in connection with credit facilities | |||||||||||
276 | 852 | - | - | 7,122 | 0 | 0 | - | - | - | - | - |
Payments of notes payable | |||||||||||
477 | 471 | 475 | 469 | 1,229 | 500 | 505 | 538 | 0 | 0 | 473 | 99 |
Repurchase of common stock | |||||||||||
12,209 | 5,232 | 4,992 | 4,754 | 10,492 | 7,060 | 1,788 | 4,252 | 629 | 550 | 862 | 569 |
Exercise of stock options | |||||||||||
13,598 | 23,271 | 13,274 | 16,170 | 4,583 | 4,459 | 4,608 | 16,416 | 2,813 | 3,137 | 323 | 253 |
Excess tax benefits from stock-based compensation | |||||||||||
- | - | - | 4,780 | 2,549 | 3,144 | 1,562 | 7,124 | 757 | 956 | -87 | 99 |
Retirement of industrial revenue bonds | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -15,500 |
Other, net | |||||||||||
- | - | - | - | - | -106 | -93 | 11 | -72 | -247 | -289 | -262 |
Net cash used in financing activities | |||||||||||
-20,367 | -113,284 | -89,943 | -78,773 | 349,789 | -46,077 | 3,784 | 28,653 | -27,386 | -5,375 | -31,388 | 9,922 |
Effect of exchange rate changes on cash | |||||||||||
902 | -2,400 | 2,783 | -1,397 | 742 | -3,556 | 2,085 | -3,876 | 664 | 2,850 | 120 | -625 |
Cash and cash equivalents: | |||||||||||
Increase/(decrease) during the year | |||||||||||
73,371 | -24,279 | 15,240 | -285 | -86,247 | 4,248 | 6,727 | 45,859 | 4,646 | 42,586 | -9,168 | 20,698 |
Supplemental disclosures of cash flow information: | |||||||||||
Income taxes | |||||||||||
27,071 | 22,141 | 21,045 | 29,699 | - | - | - | - | - | - | - | 14,856 |
Interest | |||||||||||
1,288 | 4,228 | 6,227 | 7,277 | - | - | - | - | - | - | - | 2,365 |