v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities      
Net earnings $ 293,557 $ 363,735 $ 269,096
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 113,558 100,876 92,021
Write-off of assets relating to restructuring and other exit charges 5,535 1,973 24,229
(Gain) loss on assets held for sale (1,187) 4,634 0
Impairment of intangible assets 402 880 13,619
Derivatives not designated in hedging relationships:      
Net losses (gains) 409 (3,136) 846
Cash proceeds (settlements) 673 826 (255)
Provision for doubtful accounts 1,441 3,239 1,873
Deferred income taxes 14,411 (31,925) (29,344)
Non-cash interest expense 2,180 1,927 2,450
Stock-based compensation 37,594 27,825 30,607
Gain on disposal of property, plant, and equipment 644 791 908
Losses (gain) on pension settlement 9,711 (1,548) 0
Changes in assets and liabilities, net of effects of acquisitions:      
Accounts receivable 104,705 (81,795) 108,631
Inventories 25,888 1,343 75,633
Prepaid and other current assets (65,244) (220,003) (112,701)
Other assets 726 (334) 6,027
Accounts payable (52,627) 36,569 (15,131)
Accrued expenses 54,961 54,388 (8,254)
Other liabilities 259 32 (3,226)
Net cash provided by (used in) operating activities 547,596 260,298 457,029
Cash flows from investing activities      
Capital expenditures (80,074) (121,038) (86,437)
Purchase of businesses (12,667) (206,374) (8,270)
Proceeds from disposal of property, plant, and equipment 4,859 1,870 2,228
Investment in Equity Securities 0 (10,852) 0
Net cash used in investing activities (87,882) (336,394) (92,479)
Cash flows from financing activities      
Net borrowings (repayments) on short-term debt (192) (259) (231)
Proceeds from Revolver borrowings 619,563 650,000 182,500
Repayments of Revolver borrowings (412,000) (370,000) (427,500)
Proceeds from 2032 Bonds 0 0 300,000
Repayments of Term Loans 210,000 0 293,889
Debt issuance costs (3,502) 0 (4,061)
Finance lease obligations and other (71) 483 1,169
Option proceeds, net 41,977 9,458 10,786
Payment of taxes related to net share settlement of equity awards (8,842) (7,985) (9,166)
Purchase of treasury stock (370,685) (153,961) (95,688)
Dividends paid to stockholders (38,142) (37,466) (34,480)
Other 1,191 0 0
Net cash (used in) provided by financing activities (380,703) 90,270 (370,560)
Effect of exchange rate changes on cash and cash equivalents 16,533 (4,367) (7,331)
Net increase (decrease) in cash and cash equivalents 95,544 9,807 (13,341)
Cash and cash equivalents at beginning of year 343,131 333,324 346,665
Cash and cash equivalents at end of year $ 438,675 $ 343,131 $ 333,324