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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Mar. 31, 2016
USD ($)
Mar. 31, 2015
USD ($)
Mar. 31, 2014
USD ($)
Operating Activities      
Net income (loss) $ (171,102) $ 15,342 $ (115,873)
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities      
Intangibles amortization 10,311 10,549 12,024
Depreciation 8,562 6,978 6,187
Loss (gain) on sale of property 16 (143) 92
Deferred taxes (26,145) 4,656 (8,672)
Stock compensation expense 5,065 6,009 6,589
Change in fair value of interest-rate swaps (399) (1,147) (832)
Asset impairment loss 192,186 0 154,429
Joint venture investment loss 0 0 822
Provision for obsolete inventory 7,735 2,260 2,522
Provision for (recovery of) doubtful accounts 3,819 1,638 4,324
Changes in operating assets and liabilities (net of acquisitions)      
Accounts receivable 7,819 (108) (7,409)
Inventories 4,048 (5,745) 996
Costs/estimated earnings in excess of billings on uncompleted contracts 12,682 9,892 11,767
All other assets (280) (14,152) (778)
Billings in excess of costs/estimated earnings on uncompleted contracts 4,035 580 2,543
Accounts payable (7,568) 1,786 (1,360)
All other liabilities (13,582) 8,103 (11,025)
Net cash provided by (used for) operating activities 37,202 46,498 56,346
Investing Activities      
Capital expenditures (10,477) (8,515) (7,338)
Capital disposals 162 208 16
Acquisition of businesses (payments)/recoveries (773) 0 0
Prior merger-related (payments)/recoveries 0 (780) (779)
Net cash provided by (used for) investing activities (11,088) (9,087) (8,101)
Financing Activities      
Proceeds (repayments) from long-term debt (17,788) (24,475) (27,382)
Proceeds (repayments) from short-term debt 4,063 (2,291) 2,267
Purchase of treasury stock (7,154) (8,076) (21,794)
Proceeds from the exercise of stock options 0 0 988
Payment of dividends (6,617) (6,034) (5,576)
Increase (decrease) in cash overdrafts (168) (321) (524)
Net cash provided by (used for) financing activities (27,664) (41,197) (52,021)
Foreign currency exchange impact on cash 1,513 (3,490) 3,866
Increase/(decrease) in cash and cash equivalents (37) (7,276) 90
Cash and cash equivalents at beginning of period 23,534 30,810 30,720
Cash and cash equivalents at end of period 23,497 23,534 30,810
Supplemental cash flow      
Cash paid for interest 5,876 5,450 5,527
Cash paid for income taxes 3,482 8,259 13,651
Non-cash financing activities      
Dividends payable 1,652 1,537 1,400
Capital leases $ 437 $ 2,028 $ 260