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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities:      
Net (loss) earnings $ (1.0) $ 22.8 $ 131.9
Adjustments to reconcile net (loss) earnings to net cash provided by operating activities:      
Depreciation and amortization 50.2 51.6 58.1
Insurance proceeds from Airedale fire 5.9 12.9 16.9
Impairment charges 9.9 7.8 3.2
Gain on sale of wind tunnel 0.0 (3.2) 0.0
Pension and postretirement expense 45.1 2.3 3.2
Loss from disposition of property, plant and equipment 0.4 1.1 2.6
Deferred income taxes (18.8) 5.9 (116.1)
Stock-based compensation expense 4.9 4.0 3.6
Other - net (0.3) (0.7) (0.5)
Changes in operating assets and liabilities, excluding acquisitions:      
Trade accounts receivable 8.0 (0.1) (18.2)
Inventories (2.7) (4.2) (0.1)
Accounts payable (9.9) (2.4) 15.2
Accrued compensation and employee benefits 0.8 (5.3) 17.5
Other assets (14.5) (24.5) 2.1
Other liabilities (5.6) (4.5) (14.9)
Net cash provided by operating activities 72.4 63.5 104.5
Cash flows from investing activities:      
Expenditures for property, plant and equipment (62.8) (58.3) (53.1)
Insurance proceeds from Airedale fire 27.4 12.2 20.7
Costs to replace building and equipment damaged in Airedale fire (41.7) (16.7) (4.2)
Acquisitions - net of cash acquired (1.4) 0.0 (7.8)
Proceeds from dispositions of assets 0.4 7.6 2.9
Purchases of short-term investments (2.7) (5.2) 0.0
Proceeds from maturities of short-term investments 2.1 2.4 0.0
Other - net 0.9 0.8 0.0
Net cash used for investing activities (77.8) (57.2) (41.5)
Cash flows from financing activities:      
Borrowings of debt 38.0 36.4 152.6
Repayments of debt (27.1) (50.9) (152.4)
Purchases of treasury stock under share repurchase program (6.9) 0.0 0.0
Financing fees paid 0.0 (0.1) (0.9)
Dividend paid to noncontrolling interest (0.9) 0.0 (0.5)
Other - net (0.4) 0.0 (0.3)
Net cash provided by (used for) financing activities 2.7 (14.6) (1.5)
Effect of exchange rate changes on cash 1.1 (8.4) 1.9
Net (decrease) increase in cash and cash equivalents (1.6) (16.7) 63.4
Cash and cash equivalents - beginning of year 70.5 87.2 23.8
Cash and cash equivalents - end of year $ 68.9 $ 70.5 $ 87.2