XML 36 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net income $ 24,196 $ 21,219
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 21,372 22,708
Deferred income taxes (6,071) 2,949
Amortization of debt discount 870 822
Gain on disposal of assets 5,315 (1,416)
Stock-based compensation 2,848 5,196
Equity in earnings from unconsolidated affiliates less than dividends received 4,129 (1,393)
Tax benefit related to stock-based compensation (404) (101)
Increase (decrease) in cash resulting from changes in:    
Accounts receivable (10,081) 10,640
Inventories (1,869) (5,420)
Prepaid expenses and other assets 3,816 3,701
Accounts payable 960 (5,527)
Accrued liabilities 11,212 459
Other liabilities and deferred credits (881) (948)
Net cash provided by operating activities 55,412 52,889
Cash flows from investing activities:    
Capital expenditures (86,555) (72,235)
Proceeds from asset dispositions 20,227 833
Investment in unconsolidated affiliate 850 0
Net cash used in investing activities (67,178) (71,402)
Cash flows from financing activities:    
Proceeds from borrowings 0 55,000
Repayment of debt (21,800) (31,274)
Partial prepayment of put/call obligation (17) (15)
Common stock dividends paid (7,145) (5,410)
Issuance of common stock 311 1,183
Tax benefit related to stock-based compensation 404 101
Net cash provided by (used in) financing activities (28,247) 19,585
Effect of exchange rate changes on cash and cash equivalents 5,713 (363)
Net increase (decrease) in cash and cash equivalents (34,300) 709
Cash and cash equivalents at beginning of period 261,550 116,361
Cash and cash equivalents at end of period 227,250 117,070
Supplemental disclosure of cash flow information:    
Interest 3,124 3,612
Income taxes $ 6,498 $ 5,121