XML 47 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net income $ 3,668 $ 3,785
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation, amortization and accretion 24,773 18,439
Change in fair value of contingent consideration (1,987) (148)
Provision for doubtful accounts, net 1,069 68
Deferred tax provision 1,152 (449)
Stock compensation 6,933 7,417
Other 2,695 1,119
Changes in operating assets and liabilities:    
Trade accounts receivable (158,662) (101,730)
Inventories (269,488) (186,300)
Prepaid expenses and other current assets (11,235) (10,572)
Income tax receivable (4,305) (3,997)
Other assets (607) (4,358)
Trade accounts payable 138,252 86,816
Contingent consideration (177) 0
Accrued expenses 7,401 16,635
Income taxes payable 787 (570)
Long-term liabilities 361 2,614
Net cash used in operating activities (259,370) (171,231)
Cash flows from investing activities:    
Purchases of property and equipment (38,490) (43,656)
Purchases of intangibles and other assets, net (9,489) (701)
Net cash used in investing activities (47,979) (44,357)
Cash flows from financing activities:    
Cash paid for shares withheld for taxes (643) (3,041)
Excess tax benefits from stock compensation 261 763
Contingent consideration and deferred payments paid (115) 0
Proceeds from issuance of short-term borrowing 150,784 276,458
Cash paid for repayment of short-term borrowings (3,458) (41,000)
Proceeds from mortgage loan 33,931 0
Mortgage loan origination costs (338) 0
Repayment of mortgage principal (37) 0
Net cash provided by financing activities 180,385 233,180
Effect of exchange rates on cash (3,473) 1,924
Net change in cash and cash equivalents (130,437) 19,516
Cash and cash equivalents at beginning of period 245,088 64,591
Cash and cash equivalents at end of period 114,651 84,107
Cash paid during the period for:    
Income taxes 5,095 2,340
Interest 641 1,261
Non-cash investing and financing activities:    
Accruals for purchases of property and equipment 6,905 6,381
Accruals for asset retirement obligations 286 26
Accruals for shares withheld for taxes $ 0 $ 1,658