XML 67 R56.htm IDEA: XBRL DOCUMENT v3.3.1.900
SELECTED CONSOLIDATING FINANCIAL STATEMENTS OF PARENT, GUARANTORS AND NON-GUARANTORS (Details 3) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Mar. 31, 2015
Consolidating Financial Statements, Captions          
Current portion of long-term debt $ 42,759   $ 42,759   $ 42,255
Trade and other receivables, net 484,796   484,796   521,601
Inventories 1,661,273   1,661,273   1,280,274
Accounts payable 359,999   359,999   429,134
Rotable assets 52,478   52,478   48,820
Net sales 913,866 $ 917,417 2,828,278 $ 2,808,444  
Operating costs and expenses:          
Adjustments to reconcile net income to net cash (used in) provided by operating activities     (210,414) 154,106  
Net cash (used in) provided by operating activities     (174,719) 309,964  
Net increase in revolving credit facility     245,448 17,607  
Proceeds on issuance of debt     131,897 394,512  
Retirements and repayments of debt     (67,455) (541,884)  
Payments for Repurchase of Common Stock     0 114,634  
Payment of deferred financing costs     (171) (5,859)  
Dividends paid     (5,916) (6,122)  
Repayments of government grant     (5,000) (3,198)  
Repurchase of restricted shares for minimum tax obligation     (96) (673)  
Proceeds from exercise of stock options, including excess tax benefit     0 388  
Intercompany financing and advances     0 0  
Net cash (used in) provided by financing activities     298,707 (259,863)  
Effect of exchange rate changes on cash and cash equivalents     567 (250)  
Net change in cash and cash equivalents     9,073 5,183  
Cash at beginning of period     32,617 28,998  
Cash at end of period 41,690 34,181 41,690 34,181  
Cost of Goods and Services Sold 691,812 867,970 2,154,737 2,324,231  
Selling, General and Administrative Expense 65,676 70,905 210,278 205,384  
Depreciation and amortization 41,028 39,808 127,137 116,373  
Asset Impairment Charges 229,200 0 229,200 0  
Gain (Loss) Related to Litigation Settlement (12,400) 0 12,400 134,693  
Total operating costs and expenses 1,040,116 978,683 2,736,615 2,514,488  
Income Tax Expense (Benefit) (53,393) (35,007) 6,429 66,778  
Accrued expenses 411,444   411,444   411,848
Prepaid and other current assets 32,800   32,800   23,069
Total current assets 2,273,037   2,273,037   1,906,381
Property and equipment, net 915,021   915,021   950,734
Goodwill and other intangible assets, net 2,752,298   2,752,298   2,991,211
Other, net 108,500   108,500   107,999
Intercompany investments and advances 0   0   0
Total assets 6,048,856   6,048,856   5,956,325
Current liabilities:          
Total current liabilities 814,202   814,202   883,237
Long-term debt, less current portion 1,638,195   1,638,195   1,326,345
Intercompany debt 0   0   0
Accrued pension and other postretirement benefits, noncurrent 460,870   460,870   538,381
Deferred income taxes and other 968,174   968,174   1,072,578
Total stockholders' equity 2,167,415   2,167,415   2,135,784
Total liabilities and stockholders’ equity 6,048,856   6,048,856   5,956,325
Operating Income (Loss) (126,250) (61,266) 91,663 293,956  
Intercompany Interest and Charges 0 0 0 0  
Interest expense and other 15,792 13,573 49,539 71,320  
Income from continuing operations before income taxes (142,042) (74,839) 42,124 222,636  
Net Income (Loss) Attributable to Parent (88,649) (39,832) 35,695 155,858  
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent (475) (19,616) (242) (32,822)  
Total comprehensive income (89,124) (59,448) 35,453 123,036  
Capital expenditures 25,235 26,096 63,363 85,170  
Reimbursement Revenue   (553) 0 (553)  
Proceeds from sale of assets     1,836 1,867  
Payments to Acquire Businesses, Net of Cash Acquired     53,955 (38,082)  
Net cash used in investing activities     (115,482) (44,668)  
Parent          
Consolidating Financial Statements, Captions          
Current portion of long-term debt 26,067   26,067   19,024
Trade and other receivables, net 2,881   2,881   3,578
Inventories 0   0   0
Accounts payable 1,792   1,792   8,919
Rotable assets 0   0   0
Net sales 0 0 0 0  
Operating costs and expenses:          
Adjustments to reconcile net income to net cash (used in) provided by operating activities     (7,870) (229,295)  
Net cash (used in) provided by operating activities     (56,890) (98,428)  
Net increase in revolving credit facility     245,448 17,607  
Proceeds on issuance of debt     0 300,000  
Retirements and repayments of debt     (14,267) (396,477)  
Payment of deferred financing costs     (171) (5,859)  
Dividends paid     (5,916) (6,122)  
Repayments of government grant     0 0  
Repurchase of restricted shares for minimum tax obligation     (96) (673)  
Proceeds from exercise of stock options, including excess tax benefit       388  
Intercompany financing and advances     (281,360) 302,853  
Net cash (used in) provided by financing activities     (56,362) 97,083  
Effect of exchange rate changes on cash and cash equivalents     0 0  
Net change in cash and cash equivalents     (6) (2,199)  
Cash at beginning of period     620 2,820  
Cash at end of period 614 621 614 621  
Cost of Goods and Services Sold 0 0 0 0  
Selling, General and Administrative Expense 3,698 10,740 28,755 33,405  
Depreciation and amortization 435 606 1,224 1,870  
Asset Impairment Charges 0        
Gain (Loss) Related to Litigation Settlement 0   0 134,693  
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements and Curtailments     2,863    
Total operating costs and expenses 4,133 11,346 32,842 (99,418)  
Income Tax Expense (Benefit) 6,164 1,966 11,639 53,702  
Accrued expenses 29,519   29,519   38,275
Prepaid and other current assets 7,890   7,890   6,509
Total current assets 11,385   11,385   10,707
Property and equipment, net 7,292   7,292   8,209
Goodwill and other intangible assets, net 0   0   0
Other, net 12,405   12,405   13,805
Intercompany investments and advances 4,039,718   4,039,718   4,062,058
Total assets 4,070,800   4,070,800   4,094,779
Current liabilities:          
Total current liabilities 57,378   57,378   66,218
Long-term debt, less current portion 1,380,805   1,380,805   1,155,299
Intercompany debt 449,831   449,831   719,525
Accrued pension and other postretirement benefits, noncurrent 7,228   7,228   7,517
Deferred income taxes and other 8,143   8,143   10,435
Total stockholders' equity 2,167,415   2,167,415   2,135,785
Total liabilities and stockholders’ equity 4,070,800   4,070,800   4,094,779
Operating Income (Loss) (4,133) (11,346) (32,842) 99,418  
Intercompany Interest and Charges (50,274) (51,017) (154,574) (156,650)  
Interest expense and other 15,685 15,200 45,333 71,499  
Income from continuing operations before income taxes 30,456 24,471 76,399 184,569  
Net Income (Loss) Attributable to Parent 24,292 22,505 64,760 130,867  
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent 2,161 (1,311) 1,380 (1,395)  
Total comprehensive income 26,453 21,194 66,140 129,472  
Capital expenditures     534 854  
Reimbursement Revenue   0      
Proceeds from sale of assets     0 0  
Payments to Acquire Businesses, Net of Cash Acquired     0 0  
Net cash used in investing activities     (534) (854)  
Guarantors Subsidiaries          
Consolidating Financial Statements, Captions          
Current portion of long-term debt 16,692   16,692   23,231
Trade and other receivables, net 172,787   172,787   180,874
Inventories 1,556,769   1,556,769   1,200,941
Accounts payable 312,560   312,560   382,143
Rotable assets 35,946   35,946   35,248
Net sales 837,156 838,709 2,598,880 2,590,724  
Operating costs and expenses:          
Adjustments to reconcile net income to net cash (used in) provided by operating activities     (216,641) 338,153  
Net cash (used in) provided by operating activities     239,483 360,543  
Net increase in revolving credit facility     0 0  
Proceeds on issuance of debt     6,497 28,912  
Retirements and repayments of debt     (18,788) (15,507)  
Payment of deferred financing costs     0 0  
Dividends paid     0 0  
Repayments of government grant     (5,000) (3,198)  
Repurchase of restricted shares for minimum tax obligation     0 0  
Proceeds from exercise of stock options, including excess tax benefit       0  
Intercompany financing and advances     351,173 (418,857)  
Net cash (used in) provided by financing activities     333,882 (408,650)  
Effect of exchange rate changes on cash and cash equivalents     0 0  
Net change in cash and cash equivalents     725 265  
Cash at beginning of period     419 1,149  
Cash at end of period 1,144 1,414 1,144 1,414  
Cost of Goods and Services Sold 629,460 798,245 1,969,359 2,141,533  
Selling, General and Administrative Expense 52,368 51,240 154,611 146,886  
Depreciation and amortization 36,050 34,971 108,858 103,545  
Asset Impairment Charges 229,200        
Gain (Loss) Related to Litigation Settlement (12,400)   (12,400) 0  
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements and Curtailments     0    
Total operating costs and expenses 959,478 884,456 2,474,428 2,395,157  
Income Tax Expense (Benefit) (60,820) (35,311) (8,229) 16,059  
Accrued expenses 343,478   343,478   326,694
Prepaid and other current assets 16,679   16,679   10,549
Total current assets 1,783,325   1,783,325   1,428,031
Property and equipment, net 774,831   774,831   807,070
Goodwill and other intangible assets, net 2,556,202   2,556,202   2,786,400
Other, net 71,616   71,616   80,806
Intercompany investments and advances 82,369   82,369   81,540
Total assets 5,268,343   5,268,343   5,183,847
Current liabilities:          
Total current liabilities 672,730   672,730   732,068
Long-term debt, less current portion 66,390   66,390   71,046
Intercompany debt 2,170,282   2,170,282   1,769,564
Accrued pension and other postretirement benefits, noncurrent 452,250   452,250   527,741
Deferred income taxes and other 903,960   903,960   998,841
Total stockholders' equity 1,002,731   1,002,731   1,084,587
Total liabilities and stockholders’ equity 5,268,343   5,268,343   5,183,847
Operating Income (Loss) (122,322) (45,747) 124,452 195,567  
Intercompany Interest and Charges 47,997 48,546 147,910 150,218  
Interest expense and other 2,529 2,356 7,613 6,900  
Income from continuing operations before income taxes (172,848) (96,649) (31,071) 38,449  
Net Income (Loss) Attributable to Parent (112,028) (61,338) (22,842) 22,390  
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent 6,510 (1,974) 12,249 (5,473)  
Total comprehensive income (105,518) (63,312) (10,593) 16,917  
Capital expenditures     47,377 70,014  
Reimbursement Revenue   (553)      
Proceeds from sale of assets     1,658 1,789  
Payments to Acquire Businesses, Net of Cash Acquired     (47,955) (116,044)  
Net cash used in investing activities     (93,674) 48,372  
Non-Guarantor Subsidiaries          
Consolidating Financial Statements, Captions          
Current portion of long-term debt 0   0   0
Trade and other receivables, net 309,128   309,128   337,149
Inventories 104,504   104,504   79,333
Accounts payable 45,647   45,647   38,072
Rotable assets 16,532   16,532   13,572
Net sales 92,462 86,585 273,954 233,839  
Operating costs and expenses:          
Adjustments to reconcile net income to net cash (used in) provided by operating activities     8,375 32,114  
Net cash (used in) provided by operating activities     2,152 34,715  
Net increase in revolving credit facility     0 0  
Proceeds on issuance of debt     125,400 65,600  
Retirements and repayments of debt     (34,400) (129,900)  
Payment of deferred financing costs     0 0  
Dividends paid     0 0  
Repayments of government grant     0 0  
Repurchase of restricted shares for minimum tax obligation     0 0  
Proceeds from exercise of stock options, including excess tax benefit       0  
Intercompany financing and advances     (64,091) 129,138  
Net cash (used in) provided by financing activities     26,909 64,838  
Effect of exchange rate changes on cash and cash equivalents     567 (250)  
Net change in cash and cash equivalents     8,354 7,117  
Cash at beginning of period     31,578 25,029  
Cash at end of period 39,932 32,146 39,932 32,146  
Cost of Goods and Services Sold 78,104 77,602 229,934 198,817  
Selling, General and Administrative Expense 9,610 8,925 26,912 25,093  
Depreciation and amortization 4,543 4,231 17,055 10,958  
Asset Impairment Charges 0        
Gain (Loss) Related to Litigation Settlement 0   0 0  
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements and Curtailments     0    
Total operating costs and expenses 92,257 90,758 273,901 234,868  
Income Tax Expense (Benefit) 1,263 (1,662) 3,019 (2,983)  
Accrued expenses 38,447   38,447   46,879
Prepaid and other current assets 8,231   8,231   6,011
Total current assets 478,327   478,327   467,643
Property and equipment, net 132,898   132,898   135,455
Goodwill and other intangible assets, net 196,096   196,096   204,811
Other, net 24,479   24,479   13,388
Intercompany investments and advances 75,169   75,169   63,897
Total assets 906,969   906,969   885,194
Current liabilities:          
Total current liabilities 84,094   84,094   84,951
Long-term debt, less current portion 191,000   191,000   100,000
Intercompany debt 346,454   346,454   407,722
Accrued pension and other postretirement benefits, noncurrent 1,392   1,392   3,123
Deferred income taxes and other 56,071   56,071   63,302
Total stockholders' equity 227,958   227,958   226,096
Total liabilities and stockholders’ equity 906,969   906,969   885,194
Operating Income (Loss) 205 (4,173) 53 (1,029)  
Intercompany Interest and Charges 2,277 2,471 6,664 6,432  
Interest expense and other (2,422) (3,983) (3,407) (7,079)  
Income from continuing operations before income taxes 350 (2,661) (3,204) (382)  
Net Income (Loss) Attributable to Parent (913) (999) (6,223) 2,601  
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent (9,146) (16,331) (13,871) (25,954)  
Total comprehensive income (10,059) (17,330) (20,094) (23,353)  
Capital expenditures     15,452 14,302  
Reimbursement Revenue   0      
Proceeds from sale of assets     178 78  
Payments to Acquire Businesses, Net of Cash Acquired     (6,000) 77,962  
Net cash used in investing activities     (21,274) (92,186)  
Eliminations          
Consolidating Financial Statements, Captions          
Current portion of long-term debt 0   0   0
Trade and other receivables, net 0   0   0
Inventories 0   0   0
Accounts payable 0   0   0
Rotable assets 0   0   0
Net sales (15,752) (7,877) (44,556) (16,119)  
Operating costs and expenses:          
Adjustments to reconcile net income to net cash (used in) provided by operating activities     5,722 13,134  
Net cash (used in) provided by operating activities     (5,722) 13,134  
Net increase in revolving credit facility     0 0  
Proceeds on issuance of debt     0 0  
Retirements and repayments of debt     0 0  
Payment of deferred financing costs     0 0  
Dividends paid     0 0  
Repayments of government grant     0 0  
Repurchase of restricted shares for minimum tax obligation     0 0  
Proceeds from exercise of stock options, including excess tax benefit       0  
Intercompany financing and advances     (5,722) (13,134)  
Net cash (used in) provided by financing activities     (5,722) (13,134)  
Effect of exchange rate changes on cash and cash equivalents     0 0  
Net change in cash and cash equivalents     0 0  
Cash at beginning of period     0 0  
Cash at end of period 0 0 0 0  
Cost of Goods and Services Sold (15,752) (7,877) (44,556) (16,119)  
Selling, General and Administrative Expense 0 0 0 0  
Depreciation and amortization 0 0 0 0  
Asset Impairment Charges 0        
Gain (Loss) Related to Litigation Settlement 0   0 0  
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements and Curtailments     0    
Total operating costs and expenses (15,752) (7,877) (44,556) (16,119)  
Income Tax Expense (Benefit) 0 0 0 0  
Accrued expenses 0   0   0
Prepaid and other current assets 0   0   0
Total current assets 0   0   0
Property and equipment, net 0   0   0
Goodwill and other intangible assets, net 0   0   0
Other, net 0   0   0
Intercompany investments and advances (4,197,256)   (4,197,256)   (4,207,495)
Total assets (4,197,256)   (4,197,256)   (4,207,495)
Current liabilities:          
Total current liabilities 0   0   0
Long-term debt, less current portion 0   0   0
Intercompany debt (2,966,567)   (2,966,567)   (2,896,811)
Accrued pension and other postretirement benefits, noncurrent 0   0   0
Deferred income taxes and other 0   0   0
Total stockholders' equity (1,230,689)   (1,230,689)   (1,310,684)
Total liabilities and stockholders’ equity (4,197,256)   (4,197,256)   $ (4,207,495)
Operating Income (Loss) 0 0 0 0  
Intercompany Interest and Charges 0 0 0 0  
Interest expense and other 0 0 0 0  
Income from continuing operations before income taxes 0 0 0 0  
Net Income (Loss) Attributable to Parent 0 0 0 0  
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent 0 0 0 0  
Total comprehensive income $ 0 0 0 0  
Capital expenditures     0 0  
Reimbursement Revenue   $ 0      
Proceeds from sale of assets     0 0  
Payments to Acquire Businesses, Net of Cash Acquired     0 0  
Net cash used in investing activities     0 0  
Pension Plan [Member]          
Operating costs and expenses:          
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements and Curtailments     $ 2,863 $ 0