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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Activities:    
Net income $ 4,952 $ 770
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 5,127 4,606
Debt amortization/interest 2,828 2,682
Gain on debt retirement (1,323) 0
Loss on foreign currency transactions 978 1,926
Equity-based compensation 3,031 0
(Income) loss from unconsolidated affiliates, net of dividends (2,563) 2,158
Changes in operating assets and liabilities, net    
Trade and other receivables (72,392) (33,122)
Inventories and advances to tobacco suppliers (108,015) (245,854)
Deferred items (899) (1,043)
Recoverable income taxes (622) (352)
Payables and accrued expenses (64,786) (32,509)
Advances from customers (18,550) 18,802
Prepaid expenses 3,883 (2,653)
Income taxes 326 1,924
Other operating assets and liabilities (175) 1,474
Other, net (3,976) (4,483)
Net cash used in operating activities (252,176) (285,674)
Investing Activities:    
Purchases of property, plant, and equipment (5,097) (3,661)
Collections from beneficial interests in securitized trade receivables 31,741 30,419
Other, net 1,304 283
Net cash provided by investing activities 27,948 27,041
Financing Activities:    
Net proceeds from short-term borrowings 182,001 205,879
Proceeds from revolving loan facilities 130,000 65,000
Repayment of revolving loan facilities (86,000) (40,000)
Debt issuance costs (2,662) (3,462)
Repayment of long-term borrowings (9,104) 0
Other, net 64 (34)
Net cash provided by financing activities 214,299 227,383
Effect of exchange rate changes on cash (761) (2,158)
Decrease in cash, cash equivalents, and restricted cash (10,690) (33,408)
Cash and cash equivalents at beginning of period 92,569 136,733
Restricted cash at beginning of period 7,224 2,176
Cash, cash equivalents, and restricted cash at end of period 89,103 105,501
Other information:    
Cash paid for income taxes, net 2,679 2,542
Cash paid for interest, net 30,833 25,693
Noncash investing activities:    
Noncash amounts obtained as a beneficial interest in exchange for transferring trade receivables in a securitization transaction $ 60,491 $ 36,271