XML 22 R9.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2015
Operating activities:      
Net income $ 8,984,000 $ 19,579,000 $ 27,190,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 25,162,000 20,531,000 14,562,000
Deferred income taxes and related valuation allowance 489,000 7,336,000 2,074,000
Gain on sale of real estate/investments and other 14,000 34,000 (1,897,000)
Payments of Debt Extinguishment Costs 1,303,000 0 8,567,000
Environmental Expense and Liabilities 0 429,000 0
Amortization of deferred financing costs and discount on debt 1,015,000 600,000 805,000
Stock-based compensation 5,914,000 4,063,000 3,895,000
Amortization of Acquisition Costs 8,852,000 0 0
Insured Event, Gain (Loss) 1,590,000 0 0
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) 1,125,000    
Impairment of intangible asset   0  
Changes in operating assets and liabilities, net of effects of business acquisitions and divestitures:      
Trade accounts receivable (785,000) 12,409,000 8,302,000
Inventories 8,173,000 2,483,000 (9,080,000)
Prepaid expenses and other 6,121,000 (375,000) (3,192,000)
Other assets (3,044,000) 3,179,000 (572,000)
Trade accounts payable 1,002,000 (5,308,000) 1,084,000
Accrued liabilities (2,380,000) (5,799,000) (872,000)
Non-current liabilities (3,085,000) (6,516,000) (12,612,000)
Net cash provided by operating activities 60,450,000 52,645,000 38,254,000
Investing activities:      
Proceeds from sales of marketable securities 12,336,000 5,869,000 6,919,000
Purchases of marketable securities (1,571,000) (4,311,000) (3,689,000)
Capital expenditures (14,368,000) (22,320,000) (17,243,000)
Payments for Derivative Instrument, Investing Activities (1,590,000) 0 0
Other 0 0 (74,000)
Purchases of businesses, net of cash acquired   (182,467,000) (19,992,000)
Net cash used for investing activities (224,039,000) (203,229,000) (34,079,000)
Financing activities:      
Proceeds from the issuance of common stock 50,439,000 242,000 1,607,000
Dividends, Cash (3,326,000) (3,212,000) (3,192,000)
Early Repayment of Subordinated Debt 0 0 (5,907,000)
Increase (Decrease) in Restricted Cash (588,000) 0 (5,431,000)
Net borrowings (repayments) under lines of credit (155,000,000) 154,057,000 0
Repayment of debt (125,730,000) (13,187,000) (157,203,000)
Proceeds from (Repayments of) Other Long-term Debt 445,000,000 0 124,423,000
Fees related to debt and equity offerings (19,409,000) 0 (1,825,000)
Other (1,265,000) (897,000) (859,000)
Net cash provided by (used for) financing activities 190,121,000 137,003,000 (48,387,000)
Effect of exchange rate changes on cash (544,000) 2,128,000 (5,041,000)
Net change in cash and cash equivalents 25,988,000 (11,453,000) (49,253,000)
Cash and cash equivalents at beginning of year 51,603,000 63,056,000 112,309,000
Cash and cash equivalents at end of year 77,591,000 51,603,000 63,056,000
Supplementary cash flows data:      
Interest paid 10,633,000 7,649,000 13,750,000
Income taxes paid, net of refunds 1,893,000 4,175,000 10,215,000
Property, plant and equipment purchases included in trade accounts payable 0 1,638,000 1,216,000
Decrease in Restricted Cash 0 $ 822,000 $ 0
STAHL and Ergomatic [Member]      
Investing activities:      
Purchases of businesses, net of cash acquired $ (218,846,000)