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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:      
Net earnings $ 85.9 $ 23.8 $ 14.9
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 76.9 76.7 58.3
Loss (gain) on sale of assets 1.7 0.0 (2.0)
Impairment charges 0.4 2.5 0.0
Stock-based compensation expense 7.9 9.5 7.4
Deferred income taxes (4.4) 12.1 (4.6)
Other - net 5.3 9.0 3.9
Changes in operating assets and liabilities, excluding acquisition:      
Trade accounts receivable (15.3) (26.1) (25.7)
Inventories (22.0) (12.5) (3.3)
Accounts payable 16.6 25.2 19.9
Accrued compensation and employee benefits (10.1) 16.4 (6.5)
Other assets (11.8) (5.0) (2.4)
Other liabilities (27.8) (7.4) (18.2)
Net cash provided by operating activities 103.3 124.2 41.7
Cash flows from investing activities:      
Expenditures for property, plant and equipment (73.9) (71.0) (64.4)
Acquisitions - net of cash acquired 0.0 0.0 (364.2)
Proceeds from dispositions of assets 0.3 0.3 5.7
Proceeds from maturities of short-term investments 4.9 4.8 2.2
Purchases of short-term investments (3.8) (5.5) (3.5)
Other - net (0.3) (0.2) 2.0
Net cash used for investing activities (72.8) (71.6) (422.2)
Cash flows from financing activities:      
Borrowings of debt 231.2 171.0 559.1
Repayments of debt (251.9) (222.9) (202.4)
Dividend paid to noncontrolling interest (1.8) (0.9) 0.0
Financing fees paid 0.0 0.0 (8.7)
Other - net (3.4) 2.7 (0.4)
Net cash (used for) provided by financing activities (25.9) (50.1) 347.6
Effect of exchange rate changes on cash (2.7) 3.0 (1.7)
Net increase (decrease) in cash, cash equivalents and restricted cash 1.9 5.5 (34.6)
Cash, cash equivalents and restricted cash - beginning of year 40.3 34.8 69.4
Cash, cash equivalents and restricted cash - end of year $ 42.2 $ 40.3 $ 34.8