Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statement of Cash Flows

v2.4.1.9
Condensed Consolidated Statement of Cash Flows (USD $)
 9 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Operating activities    
Net income $ 38,885,000us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 16,217,000us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Adjustment to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10,679,000us-gaap_DepreciationAndAmortization 10,633,000us-gaap_DepreciationAndAmortization
Amortization of deferred debt issuance costs 350,000us-gaap_AmortizationOfFinancingCosts 4,454,000us-gaap_AmortizationOfFinancingCosts
Stock compensation expense 2,302,000us-gaap_ShareBasedCompensation 1,572,000us-gaap_ShareBasedCompensation
Deferred income taxes (5,818,000)us-gaap_DeferredIncomeTaxExpenseBenefit (6,021,000)us-gaap_DeferredIncomeTaxExpenseBenefit
Loss on retirement of senior secured notes 0thr_PremiumsPaidOnRedemptionIncludedAsFinancingActivities 15,485,000thr_PremiumsPaidOnRedemptionIncludedAsFinancingActivities
Other 1,496,000us-gaap_OtherOperatingActivitiesCashFlowStatement 0us-gaap_OtherOperatingActivitiesCashFlowStatement
Changes in operating assets and liabilities:    
Accounts receivable (18,223,000)us-gaap_IncreaseDecreaseInAccountsReceivable 7,390,000us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (8,952,000)us-gaap_IncreaseDecreaseInInventories (5,676,000)us-gaap_IncreaseDecreaseInInventories
Costs and estimated earnings in excess of billings on uncompleted contracts (1,317,000)us-gaap_IncreaseDecreaseInBillingInExcessOfCostOfEarnings (588,000)us-gaap_IncreaseDecreaseInBillingInExcessOfCostOfEarnings
Other current and noncurrent assets (1,223,000)us-gaap_IncreaseDecreaseInOtherOperatingAssets 439,000us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable 4,394,000us-gaap_IncreaseDecreaseInAccountsPayable (1,099,000)us-gaap_IncreaseDecreaseInAccountsPayable
Accrued liabilities and noncurrent liabilities 5,106,000us-gaap_IncreaseDecreaseInAccruedLiabilities (7,734,000)us-gaap_IncreaseDecreaseInAccruedLiabilities
Income taxes payable and receivable 6,408,000us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 1,492,000us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Net cash provided by operating activities 34,087,000us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 36,564,000us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Investing activities    
Purchases of property, plant and equipment (4,148,000)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (2,438,000)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Cash paid to settle the CHS Transactions 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (2,055,000)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Net cash used in investing activities (4,148,000)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (4,493,000)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Financing activities    
Payments on senior secured notes 0us-gaap_RepaymentsOfSecuredDebt (118,145,000)us-gaap_RepaymentsOfSecuredDebt
Proceeds from long term debt 0us-gaap_ProceedsFromNotesPayable 135,000,000us-gaap_ProceedsFromNotesPayable
Payments on long term debt (10,125,000)us-gaap_RepaymentsOfLongTermDebt (10,125,000)us-gaap_RepaymentsOfLongTermDebt
Issuance costs associated with revolving line of credit and long term debt (290,000)us-gaap_PaymentsOfDebtIssuanceCosts (1,728,000)us-gaap_PaymentsOfDebtIssuanceCosts
Proceeds from exercise of stock options 484,000us-gaap_ProceedsFromStockOptionsExercised 2,756,000us-gaap_ProceedsFromStockOptionsExercised
Benefit from excess tax deduction from option exercises 1,450,000us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 0us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Premiums paid on redemptions 0us-gaap_RedemptionPremium (15,485,000)us-gaap_RedemptionPremium
Lease financing (156,000)us-gaap_CapitalLeaseObligationsIncurred (17,000)us-gaap_CapitalLeaseObligationsIncurred
Net cash used in financing activities (8,637,000)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (7,744,000)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Effect of exchange rate changes on cash and cash equivalents (3,654,000)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations (834,000)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
Change in cash and cash equivalents 17,648,000us-gaap_NetCashProvidedByUsedInContinuingOperations 23,493,000us-gaap_NetCashProvidedByUsedInContinuingOperations
Cash and cash equivalents at beginning of period 72,640,000us-gaap_CashAndCashEquivalentsAtCarryingValue 43,847,000us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period $ 90,288,000us-gaap_CashAndCashEquivalentsAtCarryingValue $ 67,340,000us-gaap_CashAndCashEquivalentsAtCarryingValue