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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:      
Net income $ 102,539 $ 96,574 $ 67,319
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 13,961 12,838 11,572
Amortization of intangible and other assets 23,688 22,716 25,314
Provision for inventory reserves 4,229 1,522 1,553
Provision for credit losses 814 2,013 1,498
Share-based and other executive compensation 11,537 9,751 8,450
Net gain on disposals of property, plant and equipment (2,677) 104 (85)
Net pension benefit 67 150 31
Impairment of assets 1,600 156 0
Net deferred taxes (2,497) (6,011) (3,261)
Changes in operating assets and liabilities:      
Accounts receivable (17,897) 1,105 (26,729)
Inventories 10,364 (11,422) (49,403)
Prepaid expenses and other current assets 4,608 (1,282) 3,479
Other assets 1,146 458 626
Accounts payable and other current liabilities 12,293 (7,000) 27,983
Retirement benefits payable and other liabilities 557 (219) 742
Net cash provided by operating activities 164,332 121,453 69,089
Cash flows from investing activities:      
Capital expenditures (16,575) (13,951) (15,653)
Proceeds from sale of assets held for investment 1,665 0 0
Proceeds from sale of assets 2,185 120 139
Cash paid for acquisitions (32,729) (58,335) (35,942)
Net cash used in investing activities (45,454) (72,166) (51,456)
Cash flows from financing activities:      
Borrowings on lines of credit 112,319 143,177 94,000
Repayments of lines of credit (199,319) (142,952) (83,561)
Payments of deferred loan costs 0 (710) (2,328)
Purchase of treasury shares (15,268) (39,072) (19,311)
Proceeds from stock option activity 0 272 1,327
Proceeds from acquisition of redeemable noncontrolling interest shareholder 0 3,000 6,293
Dividends paid to shareholders (11,805) (10,555) (9,459)
Net cash used in financing activities (114,073) (46,840) (13,039)
Effect of exchange rate changes on cash and equivalents (1,104) (611) 1,937
Net change in cash and cash equivalents 3,701 1,836 6,531
Cash and cash equivalents, beginning of period 18,455 16,619 10,088
Cash and cash equivalents, end of period 22,156 18,455 16,619
Supplemental non-cash disclosure:      
Cash paid during the year for interest 12,254 12,502 4,955
Cash paid during the year for income taxes $ 39,295 $ 41,476 $ 20,485