Eagle Materials (EXP) 10-Q 28 Jul 17 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jun. 30, 2017	Jul. 24, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Trading Symbol	EXP
Entity Registrant Name	EAGLE MATERIALS INC
Entity Central Index Key	918,646
Current Fiscal Year End Date	--03-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		48,497,960

Consolidated Statements of Earn

Consolidated Statements of Earnings (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Income Statement [Abstract]
Revenues	$ 366,121	$ 297,504
Cost of Goods Sold	280,062	225,549
Gross Profit	86,059	71,955
Equity in Earnings of Unconsolidated Joint Venture	9,876	7,980
Corporate General and Administrative	(9,679)	(9,833)
Other Income	757	1,075
Interest Expense, Net	(7,483)	(3,901)
Earnings Before Income Taxes	79,530	67,276
Income Tax Expense	(24,648)	(21,932)
Net Earnings	$ 54,882	$ 45,344
EARNINGS PER SHARE:
Basic	$ 1.14	$ 0.94
Diluted	$ 1.13	$ 0.93
AVERAGE SHARES OUTSTANDING:
Basic	48,121,890	48,014,195
Diluted	48,655,553	48,522,207
CASH DIVIDENDS PER SHARE:	$ 0.10	$ 0.10

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Earnings (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Statement Of Income And Comprehensive Income [Abstract]
Net Earnings	$ 54,882	$ 45,344
Change in Funded Status of Defined Benefit Plans:
Amortization of Net Actuarial Loss	314	500
Tax Expense	(117)	(188)
Comprehensive Earnings	$ 55,079	$ 45,656

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2017	Mar. 31, 2017
Current Assets -
Cash and Cash Equivalents	$ 12,233	$ 6,561
Accounts and Notes Receivable	175,002	136,313
Inventories	244,886	252,846
Prepaid and Other Assets	8,181	4,904
Total Current Assets	440,302	400,624
Property, Plant and Equipment -	2,454,800	2,439,438
Less: Accumulated Depreciation	(919,732)	(892,601)
Property, Plant and Equipment, net	1,535,068	1,546,837
Notes Receivable	653	815
Investment in Joint Venture	53,750	48,620
Goodwill and Intangible Assets	234,707	235,505
Other Assets	15,110	14,723
Total Assets	2,279,590	2,247,124
Current Liabilities -
Accounts Payable	78,763	92,193
Accrued Liabilities	53,288	55,379
Income Tax Payable	26,462	733
Current Portion of Long-term Debt	81,214	81,214
Total Current Liabilities	239,727	229,519
Long-term Debt	580,421	605,253
Other Long-term Liabilities	42,026	42,878
Deferred Income Taxes	162,329	166,024
Total Liabilities	1,024,503	1,043,674
Stockholders’ Equity -
Preferred Stock, Par Value $0.01; Authorized 5,000,000 Shares; None Issued
Common Stock, Par Value $0.01; Authorized 100,000,000 Shares; Issued and Outstanding 48,547,960 and 48,453,268 Shares, respectively	485	485
Capital in Excess of Par Value	151,141	149,014
Accumulated Other Comprehensive Losses	(7,199)	(7,396)
Retained Earnings	1,110,660	1,061,347
Total Stockholders’ Equity	1,255,087	1,203,450
Liabilities and Stockholders' Equity, Total	$ 2,279,590	$ 2,247,124

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2017	Mar. 31, 2017
Statement Of Financial Position [Abstract]
Preferred Stock, Par Value	$ 0.01	$ 0.01
Preferred Stock, Authorized	5,000,000	5,000,000
Preferred Stock, Issued	0	0
Common Stock, Par Value	$ 0.01	$ 0.01
Common Stock, Authorized	100,000,000	100,000,000
Common Stock, Issued	48,547,960	48,453,268
Common Stock, Outstanding	48,547,960	48,453,268

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net Earnings	$ 54,882	$ 45,344
Adjustments to Reconcile Net Earnings to Net Cash Provided by Operating Activities -
Depreciation, Depletion and Amortization	28,947	22,863
Deferred Income Tax Provision	(3,812)	1,822
Stock Compensation Expense	3,399	2,594
Excess Tax Benefits from Share Based Payment Arrangements		(3,299)
Equity in Earnings of Unconsolidated Joint Venture	(9,876)	(7,980)
Distributions from Joint Venture	4,750	8,750
Changes in Operating Assets and Liabilities:
Accounts and Notes Receivable	(38,527)	(22,057)
Inventories	7,960	2,596
Accounts Payable and Accrued Liabilities	(16,062)	(12,913)
Other Assets	(3,720)	(2,478)
Income Taxes Payable	25,729	18,841
Net Cash Provided by Operating Activities	53,670	54,083
CASH FLOWS FROM INVESTING ACTIVITIES
Property, Plant and Equipment Additions	(16,160)	(8,978)
Net Cash Used in Investing Activities	(16,160)	(8,978)
CASH FLOWS FROM FINANCING ACTIVITIES
Increase (Decrease) in Credit Facility	(25,000)	(9,000)
Dividends Paid to Stockholders	(4,853)	(4,828)
Shares Redeemed to Settle Employee Taxes on Stock Compensation	(1,378)	(2,284)
Purchase and Retirement of Common Stock	(1,880)	(39,135)
Proceeds from Stock Option Exercises	1,273	10,632
Excess Tax Benefits from Share Based Payment Arrangements		3,299
Net Cash Used in Financing Activities	(31,838)	(41,316)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	5,672	3,789
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	6,561	5,391
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 12,233	$ 9,180

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
BASIS OF PRESENTATION	(A) BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements as of and for the three-month period ended June 30, 2017 include the accounts of Eagle Materials Inc. (“Eagle” or “Parent”) and its majority-owned subsidiaries (collectively, the “Company”, “us” or “we”) and have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on May 24, 2017. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although we believe that the disclosures are adequate to make the information presented not misleading. In our opinion, all adjustments (consisting solely of normal recurring adjustments) necessary to present fairly the information in the following unaudited consolidated financial statements of the Company have been included. The results of operations for interim periods are not necessarily indicative of the results for the full year. The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Recent Accounting Pronouncements In March 2016, the Financial Accounting Standards Board (“FASB”), issued Accounting Standards Update “(ASU”) 2016-09, “Improvements to Employee Share-Based Payment Accounting,” which provides for simplification of certain aspects of employee share-based payment accounting, including income taxes, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The Company adopted ASU 2016-09 on April 1, 2017. The new standard provides for changes to accounting for stock compensation including 1) excess tax benefits and tax deficiencies related to share based payment awards will be recognized as income tax benefit or expense in the reporting period in which they occur; 2) excess tax benefits will be classified as an operating activity in the statement of cash flow; 3) the option to elect to estimate forfeitures or account for them when they occur; and 4) an increase in the tax withholding requirements threshold to qualify for equity classification. The primary impact of adoption was the recognition of excess tax benefits for our stock awards in the provision for income taxes rather than additional paid-in capital. As provided by the new standard, the Company changed its method of accounting for forfeitures, and will now recognize forfeitures as the occur, which resulted in an approximately $0.7 million reduction to retained earnings. Additional amendments to the accounting for income taxes and minimum statutory withholding tax requirements had no impact to retained earnings. Adoption of the new standard resulted in the recognition of excess tax benefits in our provision for income taxes rather than paid-in capital of $1.0 million for the three months ended June 30, 2017. The presentation of excess tax benefits on stock-based compensation was adopted prospectively within the unaudited Condensed Consolidated Statements of Cash Flows. The presentation requirements for cash flows related to employee taxes paid for withheld shares had no impact to any of the periods presented on the unaudited Condensed Consolidated Statements of Cash Flows as the Company has historically presented them as a financing activity. In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers.” ASU 2014-09 supersedes the revenue recognition requirements in “Revenue Recognition (Topic 605),” and requires entities to recognize revenue in a way that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. The standard will be effective for us in the first quarter of fiscal 2019. We will adopt the new standard using the modified retrospective approach, which requires the standard be applied only to the most current period presented, with the cumulative effect of initially applying the standard recognized at the date of initial application. In March 2017, the FASB issued ASU 2017-07, “Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost”, which revises the accounting for periodic pension and postretirement expense. This ASU requires net periodic benefit cost, with the exception of service cost, to be presented retrospectively as nonoperating expense. Service cost will remain a component of cost of goods sold and represent the only cost of pension and postretirement expense eligible for capitalization. We will adopt the standard on April 1, 2018 using the retrospective method for presentation of service cost and other components in the income statement. We will prospectively adopt the requirement to limit the capitalization of benefit cost to the service cost component. The impact of adopting this standard will be a reduction to cost of goods sold and an increase in other expense. Had we adopted this standard on April 1, 2017, our gross profit would have increased by approximately $0.5 million, and other income would have decreased by $0.5 million. In February 2016, the FASB issued ASU 2016-02, “Leases”, which supersedes existing lease guidance to require lessees to recognize assets and liabilities on the balance sheet for the rights and obligations created by long-term leases and to disclose additional quantitative and qualitative information about leasing arrangements. The standard will be effective for us in the first quarter of fiscal 2020, and we will adopt using the modified retrospective approach. We are currently assessing the impact of the ASU on our consolidated financial statements and disclosures, as well as our internal lease accounting processes.

ACQUISITION

ACQUISITION	3 Months Ended
	Jun. 30, 2017
Business Combinations [Abstract]
ACQUISITION	(B) ACQUISITION Fairborn Acquisition On February 10, 2017, we completed the previously announced acquisition (the “Fairborn Acquisition”) of certain assets of CEMEX Construction Materials Atlantic, LLC (the “Seller”). The assets acquired by the Company in the Fairborn Acquisition include a cement plant located in Fairborn, Ohio, a cement distribution terminal located in Columbus, Ohio, and certain other related assets. Purchase Price Recording of assets acquired and liabilities assumed The preparation of the valuation of the assets acquired and liabilities assumed in the Fairborn Acquisition requires the use of significant assumptions and estimates. Critical estimates include, but are not limited to, replacement value and condition of property and equipment, future expected cash flows, including projected revenues and expenses, and applicable discount rates for intangible and other assets. These estimates are based on assumptions that we believe to be reasonable. However, actual results may differ from these estimates. The Company has determined preliminary fair values of the assets acquired and liabilities assumed in the Fairborn Acquisition. These values are subject to change as we perform additional reviews of the property and equipment, repair parts and the asset retirement obligation. The following table summarizes the provisional allocation of the Fairborn Purchase Price to assets acquired and liabilities assumed as of the acquisition date: Purchase price allocation at acquisition date (in thousands) As of February 10, 2017 Inventories $ 11,106 Property and Equipment 314,897 Intangible Assets 10,000 Other Assets 4,000 Asset Retirement Obligation (4,000 ) Total Net Assets 336,003 Goodwill 64,485 Total Estimated Purchase Price $ 400,488 Goodwill represents the excess purchase price over the fair values of assets acquired and liabilities assumed. The goodwill was generated by the availability of co-product sales and the opportunity associated with the expansion of our cement business to the eastern region of the United States. All of the goodwill generated by the transaction will be deductible for income tax purposes. Intangible Assets Weighted Average Life Estimated Fair Value Customer Relationships 15 9,000 Permits 40 1,000 Total Intangible Assets $ 10,000 Actual and pro forma impact of the Fairborn Acquisition For the Three Months Ended June 30, 2017 (dollars in thousands) Revenues $ 22,155 Operating Earnings $ 5,978 Operating earnings shown above for the three months ended June 30, 2017 has been impacted by approximately $3.3 million and $0.6 million related to depreciation and amortization and the recording of acquired inventory at fair value, respectively. The unaudited pro forma results presented below include the effects of the Fairborn Acquisition as if it had been consummated as of April 1, 2016. The pro forma results include the amortization associated with an estimate for acquired intangible assets and interest expense associated with debt used to fund the Fairborn Acquisition and depreciation from the fair value adjustments for property and equipment. To better reflect the combined operating results, material nonrecurring charges directly related to the Fairborn Acquisition of approximately $5.5 million have been excluded from pro forma net income for fiscal 2017. For the Three Months Ended June 30, 2016 (dollars in thousands) Revenues $ 320,686 Net Income $ 47,865 Earnings per share – basis $ 1.00 Earnings per share - diluted $ 0.99 The pro forma results do not include any anticipated synergies or other expected benefits of the Fairborn Acquisition. Accordingly, the unaudited pro forma results are not necessarily indicative of either future results of operations or results that might have been achieved had the Fairborn Acquisition been consummated as of April 1, 2016. Wildcat Acquisition On July 27, 2017, we acquired all of the outstanding equity interests in Wildcat Minerals LLC (the “Wildcat Acquisition”). Wildcat Minerals LLC operates transload facilities serving the oil and gas industry in several oil and gas basins across the United States. The purchase price (the “Purchase Price”) of the Wildcat Acquisition was approximately $37.0 million, subject to adjustments for working capital and other customary post-closing adjustments. The Purchase Price and expenses incurred in connection with the Wildcat Acquisition were funded through operating cash flow and borrowings under our bank credit facility.

CASH FLOW INFORMATION - SUPPLEM

CASH FLOW INFORMATION - SUPPLEMENTAL	3 Months Ended
	Jun. 30, 2017
Supplemental Cash Flow Elements [Abstract]
CASH FLOW INFORMATION - SUPPLEMENTAL	(C) CASH FLOW INFORMATION—SUPPLEMENTAL Cash payments made for interest were $5.3 million for both of the three months ended June 30, 2017 and 2016, respectively. Net payments made for federal and state income taxes during the three months ended June 30, 2017 and 2016, were $0.5 million and $1.6 million, respectively.

ACCOUNTS AND NOTES RECEIVABLE

ACCOUNTS AND NOTES RECEIVABLE	3 Months Ended
	Jun. 30, 2017
Receivables [Abstract]
ACCOUNTS AND NOTES RECEIVABLE	(D) ACCOUNTS AND NOTES RECEIVABLE Accounts and notes receivable have been shown net of the allowance for doubtful accounts of $10.8 million and $10.7 million at June 30, 2017 and March 31, 2017, respectively. We perform ongoing credit evaluations of our customers’ financial condition and generally require no collateral from our customers. The allowance for non-collection of receivables is based upon analysis of economic trends in the construction industry, detailed analysis of the expected collectability of accounts receivable that are past due and the expected collectability of overall receivables. We have no significant credit risk concentration among our diversified customer base. We had notes receivable totaling approximately $4.0 million at June 30, 2017, of which approximately $3.4 million has been classified as current and presented with accounts receivable on the balance sheet. We lend funds to certain companies in the ordinary course of business, and the notes bear interest, on average, at LIBOR plus 3.5%. Remaining unpaid amounts, plus accrued interest, mature in fiscal 2018 and 2021. The notes are collateralized by certain assets of the borrowers, namely property and equipment, and are generally payable monthly. We monitor the credit risk of each borrower by focusing on the timeliness of payments, review of credit history and credit metrics and interaction with the borrowers.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Jun. 30, 2017
Equity [Abstract]
STOCKHOLDERS' EQUITY	(E) STOCKHOLDERS’ EQUITY A summary of changes in stockholders’ equity follows: For the Three Months Ended June 30, 2017 (dollars in thousands) Common Stock – Balance at Beginning of Period $ 485 Issuance of Restricted Stock 1 Stock Option Exercises (1 ) Balance at End of Period 485 Capital in Excess of Par Value – Balance at Beginning of Period 149,014 Stock Compensation Expense 3,399 Cumulative Impact of the Adoption of ASU 2016-09 713 Shares Redeemed to Settle Employee Taxes (1,378 ) Stock Option Exercises 1,273 Purchase and Retirement of Common Stock (1,880 ) Balance at End of Period 151,141 Retained Earnings – Balance at Beginning of Period 1,061,347 Dividends Declared to Stockholders (4,856 ) Cumulative Impact of the Adoption of ASU 2016-09 (713 ) Net Earnings 54,882 Balance at End of Period 1,110,660 Accumulated Other Comprehensive Loss - Balance at Beginning of Period (7,396 ) Change in Funded Status of Pension Plan, net of tax 197 Balance at End of Period (7,199 ) Total Stockholders’ Equity $ 1,255,087 During the three months ended June 30, 2017, we repurchased 20,000 shares at an average price of $94.03. Subsequent to June 30, 2017 we repurchased an additional 65,000 shares at an average price of $92.74. Including the repurchases subsequent to June 30, 2017, we have authorization to purchase an additional 4,712,200 shares.

INVENTORIES

INVENTORIES	3 Months Ended
	Jun. 30, 2017
Inventory Disclosure [Abstract]
INVENTORIES	(F) INVENTORIES Inventories are stated at the lower of average cost (including applicable material, labor, depreciation, and plant overhead) or market, and consist of the following: As of June 30, 2017 March 31, 2017 (dollars in thousands) Raw Materials and Material-in-Progress $ 120,202 $ 122,736 Finished Cement 22,894 24,428 Gypsum Wallboard 7,615 7,951 Paperboard 7,050 8,635 Frac Sand 2,429 2,907 Aggregates 7,679 7,686 Repair Parts and Supplies 71,989 73,732 Fuel and Coal 5,028 4,771 $ 244,886 $ 252,846

ACCRUED EXPENSES

ACCRUED EXPENSES	3 Months Ended
	Jun. 30, 2017
Payables And Accruals [Abstract]
ACCRUED EXPENSES	(G) ACCRUED EXPENSES Accrued expenses consist of the following: As of June 30, 2017 March 31, 2017 (dollars in thousands) Payroll and Incentive Compensation $ 13,566 $ 22,850 Benefits 12,412 11,503 Interest 7,971 5,992 Property Taxes 6,286 4,759 Power and Fuel 1,708 1,536 Sales and Use Tax 1,161 2,459 Legal 2,231 944 Acquisition Related Expenses 242 350 Other 7,711 4,986 $ 53,288 $ 55,379

SHARE-BASED EMPLOYEE COMPENSATI

SHARE-BASED EMPLOYEE COMPENSATION	3 Months Ended
	Jun. 30, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
SHARE-BASED EMPLOYEE COMPENSATION	(H) S hare On August 7, 2013, our stockholders approved the Eagle Materials Inc. Amended and Restated Incentive Plan (the “Plan”), which increased the shares we are authorized to issue as awards by 3,000,000 (1,500,000 of which may be stock awards). Under the terms of the Plan, we can issue equity awards, including stock options, restricted stock units (“RSUs”), restricted stock and stock appreciation rights to employees of the Company and members of the Board of Directors. Awards that were already outstanding prior to the approval of the Plan on August 7, 2013 remain outstanding. The Compensation Committee of our Board of Directors specifies the terms for grants of equity awards under the Plan. Long-Term Compensation Plans - Options. In May 2017, the Compensation Committee approved the granting of an aggregate of 58,055 performance vesting stock options pursuant to the Plan to certain officers and key employees that will be earned if certain performance conditions are satisfied (the “Fiscal 2018 Employee Performance Stock Option Grant”). The performance criterion for the Fiscal 2018 Employee Performance Stock Option Grant is based upon the achievement of certain levels of return on equity (as defined in the option agreements), ranging from 11.0% to 18.0%, for the fiscal year ending March 31, 2018. All stock options will be earned if the return on equity is 18.0% or greater, and the percentage of shares earned will be reduced proportionately to approximately 66.7% if the return on equity is 11.0%. If the Company does not achieve a return on equity of at least 11.0%, all stock options granted will be forfeited. Following any such reduction, restrictions on the earned stock options will lapse ratably over four years, with the first fourth lapsing promptly following the determination date, and the remaining restrictions lapsing on March 31, 2019 through 2021. The stock options have a term of ten years from the date of grant. The Compensation Committee also approved the granting of 48,379 time vesting stock options to the same officers and key employees, which vest ratably over four years (the “Fiscal 2018 Employee Time Vesting Stock Option Grant). The Fiscal 2018 Employee Performance Stock Option Grant and Fiscal 2018 Employee Time Vesting Stock Option Grant were valued at the grant date using the Black-Scholes option pricing model. The weighted-average assumptions used in the Black-Scholes model to value the option awards in fiscal 2018 are as follows: Fiscal 2018 Dividend Yield 1.3% Expected Volatility 36.3% Risk Free Interest Rate 2.1% Expected Life 6.0 years Stock option expense for all outstanding stock option awards totaled approximately $0.9 million and $1.2 million for the three months ended June 30, 2017 and 2016, respectively. At June 30, 2017, there was approximately $10.0 million of unrecognized compensation cost related to outstanding stock options, which is expected to be recognized over a weighted-average period of 3.0 years. The following table represents stock option activity for the three months ended June 30, 2017: Number of Shares Weighted- Average Exercise Price Outstanding Options at Beginning of Period 1,323,379 $ 66.07 Granted 113,934 $ 100.58 Exercised (44,534 ) $ 28.59 Cancelled (16,742 ) $ 78.05 Outstanding Options at End of Period 1,376,037 $ 70.00 Options Exercisable at End of Period 970,765 $ 64.25 Weighted-Average Fair Value of Options Granted during the Period $ 33.51 The following table summarizes information about stock options outstanding at June 30, 2017: Outstanding Options Exercisable Options Range of Exercise Prices Number of Shares Outstanding Weighted - Average Remaining Contractual Life Weighted - Average Exercise Price Number of Shares Outstanding Weighted - Average Exercise Price $23.17 – $ 30.74 107,435 3.39 $ 24.52 107,435 $ 24.52 $33.43 – $ 37.34 177,333 4.96 $ 33.88 174,333 $ 33.82 $53.22 – $ 77.67 426,216 7.31 $ 70.05 270,173 $ 68.49 $79.73 – $ 106.00 665,053 7.99 $ 86.94 418,824 $ 84.36 1,376,037 7.03 $ 70.00 970,765 $ 64.25 At June 30, 2017, the aggregate intrinsic value for outstanding and exercisable options was approximately $30.9 million and $27.4 million, respectively. The total intrinsic value of options exercised during the three months ended June 30, 2017 was approximately $3.0 million. Restricted Stock. In May 2017, the Compensation Committee approved the granting of an aggregate of 52,646 shares of performance vesting restricted stock to certain officers and key employees that will be earned if certain performance conditions are satisfied (the “Fiscal 2018 Employee Restricted Stock Performance Award”). The performance criterion for the Fiscal 2018 Employee Restricted Stock Performance Award is based upon the achievement of certain levels of return on equity (as defined in the award agreement), ranging from 11.0% to 18.0%, for the fiscal year ending March 31, 2018. All restricted shares will be earned if the return on equity is 18.0% or greater, and the percentage of shares earned will be reduced proportionately to approximately 66.7% if the return on equity is 11.0%. If the Company does not achieve a return on equity of at least 11.0%, all awards will be forfeited. Following any such reduction, restrictions on the earned shares will lapse ratably over four years, with the first fourth lapsing promptly following the determination date, and the remaining restrictions lapsing on March 31, 2019 through 2021. The Compensation Committee also approved the granting of 43,874 shares of time vesting restricted stock to the same officers and key employees, which vest ratably over four years (the “Fiscal 2018 Employee Restricted Stock Time Vesting Award). Both of the Fiscal 2018 Employee Restricted Stock Performance Award and the Fiscal 2018 Employee Restricted Stock Time Vesting Award were valued at the closing price of the stock on the date of grant, and are being expensed over a four year period. Expense related to restricted shares was approximately $2.5 million and $1.4 million for the three months ended June 30, 2017 and 2016, respectively. At June 30, 2017, there was approximately $18.9 million of unearned compensation from restricted stock, which will be recognized over a weighted-average period of 2.9 years. The number of shares available for future grants of stock options, restricted stock units, stock appreciation rights and restricted stock under the Plan was 4,169,374 at June 30, 2017.

COMPUTATION OF EARNINGS PER SHA

COMPUTATION OF EARNINGS PER SHARE	3 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
COMPUTATION OF EARNINGS PER SHARE	(I) COMPUTATION OF EARNINGS PER SHARE The calculation of basic and diluted common shares outstanding is as follows: For the Three Months Ended June 30, 2017 2016 Weighted-Average Shares of Common Stock Outstanding 48,121,890 48,014,195 Common Equivalent Shares: Assumed Exercise of Outstanding Dilutive Options 1,259,741 1,039,189 Less: Shares Repurchased from Assumed Proceeds of Assumed Exercised Options (928,723 ) (715,139 ) Restricted Shares 202,645 183,962 Weighted-Average Common and Common Equivalent Shares Outstanding 48,655,553 48,522,207 Shares Excluded Due to Anti-dilution Effects 63,359 692,219

PENSION AND EMPLOYEE BENEFIT PL

PENSION AND EMPLOYEE BENEFIT PLANS	3 Months Ended
	Jun. 30, 2017
Compensation And Retirement Disclosure [Abstract]
PENSION AND EMPLOYEE BENEFIT PLANS	(J) PENSION AND EMPLOYEE BENEFIT PLANS We sponsor several defined benefit and defined contribution pension plans which together cover substantially all our employees. Benefits paid under the defined benefit plans covering certain hourly employees are based on years of service and the employee’s qualifying compensation over the last few years of employment. The following table shows the components of net periodic cost for our plans: For the Three Months Ended June 30, 2017 2016 (dollars in thousands) Service Cost – Benefits Earned During the Period $ 250 $ 222 Interest Cost of Benefit Obligations 396 399 Expected Return on Plan Assets (401 ) (416 ) Recognized Net Actuarial Loss 428 425 Amortization of Prior-Service Cost 90 75 Net Periodic Pension Cost $ 763 $ 705

INCOME TAXES

INCOME TAXES	3 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [Abstract]
INCOME TAXES	(K) INCOME TAXES Income taxes for the interim period presented have been included in the accompanying financial statements on the basis of an estimated annual effective tax rate. In addition to the amount of tax resulting from applying the estimated annual effective tax rate to pre-tax income, we will, when appropriate, include certain items treated as discrete events to arrive at an estimated overall tax amount. The effective tax rate for the three months ended June 30, 2017 was approximately 31%, which was lower than the effective tax rate of 33% for the three months ended June 30, 2016, primarily due to the discrete benefit of approximately $1.0 million related to share based compensation, in accordance with ASU 2016-09.

LONG-TERM DEBT

LONG-TERM DEBT	3 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
LONG-TERM DEBT	(L) LONG-TERM DEBT Long-term debt consists of the following: As of June 30, 2017 March 31, 2017 (dollars in thousands) Credit Facility $ 200,000 $ 225,000 4.500% Senior Unsecured Notes Due 2026 350,000 350,000 Private Placement Senior Unsecured Notes 117,714 117,714 Total Debt 667,714 692,714 Less: Current Portion of Long-term Debt (81,214 ) (81,214 ) Less: Debt Origination Costs (6,079 ) (6,247 ) Total Long-term Debt $ 580,421 $ 605,253 Credit Facility – We have a $500.0 million revolving credit facility (the “Credit Facility”), including a swingline loan sublimit of $25.0 million, which terminates on August 2, 2021. Borrowings under the Credit Facility are guaranteed by substantially all of the Company’s subsidiaries. At the option of the Company, outstanding principal amounts on the Credit Facility bear interest at a variable rate equal to (i) The London Interbank Offered Rate (“LIBOR”) for the selected period, plus an applicable rate (ranging from 100 to 225 basis points), which is to be established quarterly based upon the Company’s ratio of consolidated EBITDA, defined as earnings before interest, taxes, depreciation and amortization, to the Company’s consolidated indebtedness (the “Leverage Ratio”), or (ii) an alternative base rate which is the higher of (a) the prime rate or (b) the federal funds rate plus 1 2 The Credit Facility has a $40.0 million letter of credit facility. Under the letter of credit facility, the Company pays a fee at a per annum rate equal to the applicable margin for Eurodollar loans in effect from time to time plus a one-time letter of credit fee in an amount equal to 0.125% of the initial stated amount. At June 30, 2017, we had $9.4 million of letters of credit outstanding. 4.500% Senior Unsecured Notes Due 2026 – On August 2, 2016, the Company issued $350.0 million aggregate principal amount of 4.500% senior notes ("Senior Unsecured Notes") due August 2026. Interest on the Senior Unsecured Notes is payable semiannually on February 1 and August 1 of each year until all of the outstanding notes are paid. The Senior Unsecured Notes rank equal to existing and future senior indebtedness, including the Credit Facility and the Private Placement Senior Unsecured Notes. Prior to August 1, 2019, we may redeem up to 40% of the original aggregate principal amount of the Senior Unsecured Notes with the proceeds of certain equity offerings at a redemption price of 104.5% of the principal amount of the notes. On or after August 1, 2019 and prior to August 1, 2021, we may redeem some or all of the Senior Unsecured Notes at a price equal to 100% of the principal amount, plus a “make-whole” premium. Beginning on August 1, 2021, we may redeem some or all of the Senior Unsecured Notes at the redemption prices set forth below (expressed as a percentage of the principal amount being redeemed): Percentage 2021 102.25 % 2022 101.50 % 2023 100.75 % 2024 and thereafter 100.00 % The Senior Unsecured Notes contain covenants that limit our ability and/or our guarantor subsidiaries' ability to create or permit to exist certain liens; enter into sale and leaseback transactions; and consolidate, merge, or transfer all or substantially all of our assets. The Company’s Senior Unsecured Notes are fully and unconditionally and jointly and severally guaranteed by each of our subsidiaries that is a guarantor under the Credit Facility and Private Placement Senior Unsecured Notes. See Footnote (P) to the Unaudited Consolidated Financial Statements for more information on the guarantors of the Senior Public Notes. Private Placement Senior Unsecured Notes - We entered into a Note Purchase Agreement on November 15, 2005 (the “2005 Note Purchase Agreement”) in connection with our sale of $200.0 million of senior, unsecured notes, designated as Series 2005A Senior Notes (the “Series 2005A Senior Unsecured Notes”) in a private placement transaction. The Series 2005A Senior Unsecured Notes, which are guaranteed by substantially all of our subsidiaries, were sold at par and issued in three tranches. At June 30, 2017, the amount outstanding for the remaining tranche is as follows: Principal Maturity Date Interest Rate Tranche C $57.2 million November 15, 2017 5.48% Interest for this tranche of Series 2005A Senior Unsecured Notes is payable semi-annually on May 15 and November 15 of each year until all principal is paid. We also entered into an additional Note Purchase Agreement on October 2, 2007 (the “2007 Note Purchase Agreement”) in connection with our sale of $200.0 million of senior unsecured notes, designated as Series 2007A Senior Notes (the “Series 2007A Senior Unsecured Notes” and together with the Series 2005A Senior Unsecured Notes, the “Private Placement Senior Unsecured Notes”) in a private placement transaction. The Series 2007A Senior Unsecured Notes, which are guaranteed by substantially all of our subsidiaries, were sold at par and issued in four tranches. At June 30, 2017, the amounts outstanding for each of the remaining tranches were as follows: Principal Maturity Date Interest Rate Tranche C $24.0 million October 2, 2017 6.36% Tranche D $36.5 million October 2, 2019 6.48% Interest for each tranche of Notes is payable semi-annually April 2 and October 2 of each year until all principal is paid for the respective tranche. Our obligations under the 2005 Note Purchase Agreement and 2007 Note Purchase Agreement (together, the “Private Placement Note Purchase Agreements”) and the Private Placement Senior Unsecured Notes are equal in right of payment with all other senior, unsecured indebtedness of the Company, including our indebtedness under the Credit Facility and Senior Unsecured Notes. The Private Placement Note Purchase Agreements contain customary restrictive covenants, including, but not limited to, covenants that place limits on our ability to encumber our assets, to incur additional debt, to sell assets, or to merge or consolidate with third parties. The Private Placement Note Purchase Agreements require us to maintain a Consolidated Debt to Consolidated EBITDA (calculated as consolidated indebtedness to consolidated earnings before interest, taxes, depreciation, depletion, amortization, certain transaction related deductions and other non-cash charges) ratio of 3.50 to 1.00 or less. The 2007 Note Purchase Agreement requires us to maintain an interest coverage ratio (Consolidated EBITDA to Consolidated Interest Expense (calculated as consolidated EBITDA, as defined above, to consolidated interest expense)) of at least 2.50:1.00. In addition, the 2007 Note Purchase Agreement requires the Company to ensure that at all times either (i) Consolidated Total Assets equal at least 80% of the consolidated total assets of the Company and its Subsidiaries, determined in accordance with GAAP, or (ii) consolidated total revenues of the Company and its Restricted Subsidiaries for the period of four consecutive fiscal quarters most recently ended equals at least 80% of the consolidated total revenues of the Company and its Subsidiaries during such period. We were in compliance with all financial ratios and tests at June 30, 2017. Pursuant to a Subsidiary Guaranty Agreement, substantially all of our subsidiaries have guaranteed the punctual payment of all principal, interest, and Make-Whole Amounts (as defined in the Private Placement Note Purchase Agreements) on the Private Placement Senior Unsecured Notes and the other payment and performance obligations of the Company contained in the Private Placement Senior Unsecured Notes and in the Private Placement Note Purchase Agreements. We are permitted, at our option and without penalty, to prepay from time to time at least 10% of the original aggregate principal amount of the Private Placement Senior Unsecured Notes at 100% of the principal amount to be prepaid, together with interest accrued on such amount to be prepaid to the date of payment, plus a Make-Whole Amount. The Make-Whole Amount is computed by discounting the remaining scheduled payments of interest and principal of the Private Placement Senior Unsecured Notes being prepaid at a discount rate equal to the sum of 50 basis points and the yield to maturity of U.S. treasury securities having a maturity equal to the remaining average life of the Private Placement Senior Unsecured Notes being prepaid. We lease one of our cement plants from the city of Sugar Creek, Missouri. The city of Sugar Creek issued industrial revenue bonds to partly finance improvements to the cement plant. The lease payments due to the city of Sugar Creek under the cement plant lease, which was entered into upon the sale of the industrial revenue bonds, are equal in amount to the payments required to be made by the city of Sugar Creek to the holders of the industrial revenue bonds. Because we are the holder of all of the outstanding industrial revenue bonds, no debt is reflected on our financial statements in connection with our lease of the cement plant. At the conclusion of the lease in fiscal 2021, we have the option to purchase the cement plant for a nominal amount.

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Jun. 30, 2017
Segment Reporting [Abstract]
SEGMENT INFORMATION	(M) SEGMENT INFORMATION Operating segments are defined as components of an enterprise that engage in business activities that earn revenues, incur expenses and prepare separate financial information that is evaluated regularly by our chief operating decision maker in order to allocate resources and assess performance. We operate in five business segments: Cement, Gypsum Wallboard, Recycled Paperboard, Oil and Gas Proppants and Concrete and Aggregates. These operations are conducted in the U.S. and include the mining of limestone and the manufacture, production, distribution and sale of Portland cement and slag (basic construction materials which are the essential binding ingredient in concrete), the grinding the mining of gypsum and the manufacture and sale of gypsum wallboard, the manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters, the sale of readymix concrete and the mining and sale of aggregates (crushed stone, sand and gravel) and sand used in hydraulic fracturing (“frac sand”). The products that we manufacture, distribute and sell are basic materials used with broad application as construction products, building materials, and basic materials used for oil and natural gas extraction. Our construction products are used in residential, industrial, commercial and infrastructure construction and include cement, slag, concrete and aggregates. Our building materials are sold into similar markets and include gypsum wallboard. Our basic materials used for oil and natural gas extraction include frac sand and oil well cement. We operate seven cement plants, one slag grinding facility, seventeen cement distribution terminals, five gypsum wallboard plants, including the plant idled in Bernalillo, N.M., a gypsum wallboard distribution center, a recycled paperboard mill, seventeen readymix concrete batch plant locations, four aggregates processing plant locations, two frac sand processing facilities, including the mine idled in Utica, Illinois, three frac sand drying facilities, including the facility idled in Corpus Christi, Texas, and six frac sand trans-load locations. The principal markets for our cement products are Texas, northern Illinois (including Chicago), the central plains, the Rocky Mountains, northern Nevada, and northern California. Gypsum wallboard and recycled paperboard are distributed throughout the continental U.S, with the exception of the northeast. Concrete and aggregates are sold to local readymix producers and paving contractors in the Austin, Texas area, north of Sacramento, California and the greater Kansas City, Missouri area, while frac sand is currently sold into shale deposit zones across the United States. We conduct one of our seven cement plant operations, Texas Lehigh Cement Company LP in Buda, Texas, through a Joint Venture. For segment reporting purposes only, we proportionately consolidate our 50% share of the Joint Venture’s revenues and operating earnings, which is consistent with the way management reports the segments within the Company for making operating decisions and assessing performance. We account for intersegment sales at market prices. The following table sets forth certain financial information relating to our operations by segment: For the Three Months Ended June 30, 2017 2016 (dollars in thousands) Revenues - Cement $ 182,935 $ 144,792 Gypsum Wallboard 126,813 113,262 Paperboard 44,413 42,815 Oil and Gas Proppants 18,910 5,096 Concrete and Aggregates 43,919 34,751 Sub-total 416,990 340,716 Less: Intersegment Revenues (22,699 ) (18,324 ) Net Revenues, including Joint Venture 394,291 322,392 Less: Joint Venture (28,170 ) (24,888 ) Net Revenues $ 366,121 $ 297,504 For the Three Months Ended June 30, 2017 2016 (dollars in thousands) Intersegment Revenues - Cement $ 4,929 $ 3,535 Paperboard 17,357 14,506 Concrete and Aggregates 413 283 $ 22,699 $ 18,324 Cement Sales Volume (in thousands of tons) - Wholly –owned Operations 1,268 1,033 Joint Venture 243 218 1,511 1,251 For the Three Months Ended June 30, 2017 2016 (dollars in thousands) Operating Earnings - Cement $ 43,181 $ 31,600 Gypsum Wallboard 43,821 39,336 Paperboard 4,938 11,227 Oil and Gas Proppants (2,026 ) (5,912 ) Concrete and Aggregates 6,021 3,684 Other, net 757 1,075 Sub-total 96,692 81,010 Corporate General and Administrative (9,679 ) (9,833 ) Earnings Before Interest and Income Taxes 87,013 71,177 Interest Expense, net (7,483 ) (3,901 ) Earnings Before Income Taxes $ 79,530 $ 67,276 Cement Operating Earnings - Wholly–owned Operations $ 33,305 $ 23,620 Joint Venture 9,876 7,980 $ 43,181 $ 31,600 Capital Expenditures - Cement $ 7,718 $ 5,245 Gypsum Wallboard 5,642 1,328 Paperboard 764 1,304 Oil and Gas Proppants 579 57 Concrete and Aggregates 1,412 1,044 Other 45 — $ 16,160 $ 8,978 Depreciation, Depletion and Amortization - Cement $ 12,479 $ 8,611 Gypsum Wallboard 4,442 4,762 Paperboard 2,137 2,100 Oil and Gas Proppants 7,606 5,184 Concrete and Aggregates 1,914 1,749 Other, net 369 457 $ 28,947 $ 22,863 As of June 30, 2017 March 31, 2017 (dollars in thousands) Identifiable Assets - Cement $ 1,263,484 $ 1,234,617 Gypsum Wallboard 377,562 379,414 Paperboard 126,583 124,356 Oil and Gas Proppants 373,964 376,306 Concrete and Aggregates 110,575 110,413 Corporate and Other 27,422 22,018 $ 2,279,590 $ 2,247,124 Segment operating earnings, including the proportionately consolidated 50% interest in the revenues and expenses of the Joint Venture, represent revenues, less direct operating expenses, segment depreciation, and segment selling, general and administrative expenses. Corporate assets consist primarily of cash and cash equivalents, general office assets, miscellaneous other assets and unrecognized tax benefits. The segment breakdown of goodwill is as follows: As of June 30, 2017 March 31, 2017 (dollars in thousands) Cement $ 74,214 $ 74,214 Gypsum Wallboard 116,618 116,618 Paperboard 7,538 7,538 $ 198,370 $ 198,370 Summarized financial information for the Joint Venture that is not consolidated is set out below (this summarized financial information includes the total amount for the Joint Venture and not our 50% interest in those amounts): For the Three Months Ended June 30, 2017 2016 (dollars in thousands) Revenues $ 56,340 $ 49,776 Gross Margin $ 21,312 $ 17,337 Earnings Before Income Taxes $ 19,917 $ 16,138 As of June 30, 2017 March 31, 2017 (dollars in thousands) Current Assets $ 75,940 $ 73,767 Non-Current Assets $ 47,184 $ 42,337 Current Liabilities $ 18,944 $ 22,293

INTEREST EXPENSE

INTEREST EXPENSE	3 Months Ended
	Jun. 30, 2017
Banking And Thrift Interest [Abstract]
INTEREST EXPENSE	(N) INTEREST EXPENSE The following components are included in interest expense, net: For the Three Months Ended June 30, 2017 2016 (dollars in thousands) Interest (Income) $ (3 ) $ — Interest Expense 7,176 3,749 Other Expenses 310 152 Interest Expense, net $ 7,483 $ 3,901 Interest income includes interest on investments of excess cash. Components of interest expense include interest associated with the Private Placement Senior Unsecured Notes, the Credit Facility, the Senior Unsecured Notes and commitment fees based on the unused portion of the Credit Facility. Other expenses include amortization of debt issuance costs, and credit facility costs.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Jun. 30, 2017
Commitments And Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	(O) COMMITMENTS AND CONTINGENCIES We have certain deductible limits under our workers’ compensation and liability insurance policies for which reserves are established based on the undiscounted estimated costs of known and anticipated claims. We have entered into standby letter of credit agreements relating to workers’ compensation and auto and general liability self-insurance. At June 30, 2017, we had contingent liabilities under these outstanding letters of credit of approximately $9.4 million. In the ordinary course of business, we execute contracts involving indemnifications that are standard in the industry and indemnifications specific to a transaction such as sale of a business. These indemnifications may include claims relating to any of the following: environmental and tax matters; intellectual property rights; governmental regulations and employment-related matters; customer, supplier, and other commercial contractual relationships; construction contracts and financial matters. While the maximum amount to which the Company may be exposed under such agreements cannot be estimated, it is the opinion of management that these indemnifications are not expected to have a material adverse effect on our consolidated financial position, results of operations or cash flows. We currently have no outstanding guarantees. We are currently contingently liable for performance under $20.1 million in performance bonds required by certain states and municipalities, and their related agencies. The bonds are principally for certain reclamation obligations and mining permits. We have indemnified the underwriting insurance company against any exposure under the performance bonds. In our past experience, no material claims have been made against these financial instruments. EPA Notice of Violation On October 5, 2010, Region IX of the EPA issued a Notice of Violation and Finding of Violation (“NOV”) alleging violations by our subsidiary, Nevada Cement Company (“NCC”), of the Clean Air Act (“CAA”). The NOV alleges that NCC made certain physical changes to its facility in the 1990s without first obtaining permits required by the Prevention of Significant Deterioration requirements and Title V permit requirements of the CAA. The EPA also alleges that NCC has failed to submit to the EPA since 2002 certain reports required by the National Emissions Standard for Hazardous Air Pollutants General Provisions and the Portland Cement Manufacturing Industry Standards. On March 12, 2014, the EPA Region IX issued a second NOV to NCC. The second NOV is materially similar to the 2010 NOV except that it alleges violations of the new source performance standards (“NSPS”) for Portland cement plants. The NOVs state that the EPA may seek penalties although it does not propose or assess any specific level of penalties or specify what relief the EPA will seek for the alleged violations. In January 2017, NCC entered into a Consent Decree in which NCC agreed to install at its Fernley, Nevada plant certain emission control equipment (selective non-catalytic reduction) to reduce nitrous oxide emissions and to pay a penalty of $0.6 million. NCC also agreed to replace two existing vehicles with two new vehicles with more efficient Tier 4 engines. Under the terms of the Consent Decree, NCC will complete the installation of the emission control equipment and vehicle replacement in approximately 2 years. It is anticipated that the investment in the new emission control equipment and vehicles will cost approximately $3.0 million. In the Consent Decree NCC denies all allegations set forth in the NOVs and the Complaint which is to be filed simultaneously with the entry of the Consent Decree, and the Consent Decree resolves all such claims by the government. The Consent Decree was signed by the EPA and the US Department of Justice and lodged in US District Court for the District of Nevada in May 2017. The consent decree is subject to approval of the Court after a 30-day public comment period. Domestic Wallboard Antitrust Litigation Since late December 2012, several purported class action lawsuits were filed in various United States District Courts, including the Eastern District of Pennsylvania, Western District of North Carolina and the Northern District of Illinois, against the Company’s subsidiary, American Gypsum Company LLC (“American Gypsum”), alleging that the defendant wallboard manufacturers conspired to fix the price for drywall sold in the United States in violation of federal antitrust laws and, in some cases related provisions of state law. The complaints allege that the defendant wallboard manufacturers conspired to increase prices through the announcement and implementation of coordinated price increases, output restrictions, and other restraints of trade, including the elimination of individual “job quote” pricing. In addition to American Gypsum, the defendants in these lawsuits include CertainTeed Corp., USG Corporation and United States Gypsum (together “USG”), New NGC, Inc., Lafarge North America (“Lafarge”), Temple Inland Inc. (“TIN”) and PABCO Building Products LLC. On April 8, 2013, the Judicial Panel on Multidistrict Litigation (“JPML”) transferred and consolidated all related cases to the Eastern District of Pennsylvania for coordinated pretrial proceedings. On June 24, 2013, the direct and indirect purchaser plaintiffs filed consolidated amended class action complaints. The direct purchasers’ complaint added the Company as a defendant. The plaintiffs in the consolidated class action lawsuits bring claims on behalf of purported classes of direct or indirect purchasers of wallboard from January 1, 2012 to the present for unspecified monetary damages (including treble damages) and in some cases injunctive relief. On July 29, 2013, the Company and American Gypsum answered the complaints, denying all allegations that they conspired to increase the price of drywall and asserting affirmative defenses to the plaintiffs’ claims. In 2014, USG and TIN entered into agreements with counsel representing the direct and indirect purchaser classes pursuant to which they agreed to settle all claims against them. Under the terms of its settlement agreement, USG agreed to pay $48.0 million to resolve the direct and indirect purchaser class actions. In its settlement agreement, TIN agreed to pay $7.0 million to resolve the direct and indirect purchaser class actions. On August 20, 2015, the court entered orders finally approving USG and TIN’s settlements with the direct and indirect purchaser plaintiffs. Initial discovery in this litigation is complete. Following completion of the initial discovery, the Company and remaining co-defendants moved for summary judgement. On February 18, 2016, the court denied the Company’s motion for summary judgement. On June 16, 2016, Lafarge entered into an agreement with counsel for the direct purchaser class under which it agreed to settle all claims against it for $23.0 million. The court entered an order finally approving this settlement on December 7, 2016. On July 28, 2016, Lafarge entered into an agreement with counsel representing the indirect purchaser class under which it agreed to settle all claims against it for $5.2 million. Indirect purchaser plaintiffs filed a motion for preliminary approval of this settlement in September 2016. On July 14, 2016, the Company’s motion for permission to appeal the summary judgement decision to the U.S. Court of Appeals for the Third Circuit was denied. Direct purchaser plaintiffs and indirect purchaser plaintiffs filed their motions for class certification on August 3, 2016 and October 12, 2016, respectively. Class certification proceedings are ongoing. The Court held an evidentiary hearing on the direct purchaser plaintiff’s motion for class certification in April 2017 and held a hearing on indirect purchaser plaintiff’s motion for class certification in June 2017. We are unable to estimate the amount of any reasonably possible loss or range of reasonably possible losses. We deny the allegations in these lawsuits and will vigorously defend ourselves against these claims. On March 17, 2015, a group of homebuilders filed a complaint against the defendants, including American Gypsum, based upon the same conduct alleged in the consolidated class action complaints. On March 24, 2015, the JPML transferred this action to the multidistrict litigation already pending in the Eastern District of Pennsylvania. Following the transfer, the homebuilder plaintiffs filed two amended complaints, on December 14, 2015 and March 25, 2016. Discovery in this lawsuit is ongoing. At this stage, we are unable to estimate the amount of any reasonably possible loss or range of reasonably possible losses. In June 2015, American Gypsum and an employee received grand jury subpoenas from the United States District Court for the Western District of North Carolina seeking information regarding an investigation of the gypsum drywall industry by the Antitrust Division of the Department of Justice. We believe the investigation, although a separate proceeding, is related to the same subject matter at issue in the litigation described above and we intend to fully cooperate with government officials. Given its preliminary nature, we are currently unable to determine the ultimate outcome of such investigation.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	3 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	(P) FAIR VALUE OF FINANCIAL INSTRUMENTS The fair value of our long-term debt has been estimated based upon our current incremental borrowing rates for similar types of borrowing arrangements. The fair value of our Senior Notes at June 30, 2017 is as follows: Fair Value (dollars in thousands) Series 2005A Tranche C $ 57,754 Series 2007A Tranche C 24,212 Series 2007A Tranche D 38,887 4.5% Senior Unsecured Notes Due 2026 361,900 The estimated fair value of our long-term debt was based on quoted prices of similar debt instruments with similar terms that are publicly traded (level 2 input). The carrying values of cash and cash equivalents, accounts and notes receivable, accounts payable and accrued liabilities approximate their fair values at June 30, 2017 due to the short-term maturities of these assets and liabilities. The fair value of our Credit Facility also approximates its carrying value at June 30, 2017.

FINANCIAL STATEMENTS FOR GUARAN

FINANCIAL STATEMENTS FOR GUARANTORS OF THE 4.500% SENIOR UNSECURED NOTES	3 Months Ended
	Jun. 30, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]
FINANCIAL STATEMENTS FOR GUARANTORS OF THE 4.500% SENIOR UNSECURED NOTES	(Q) FINANCIAL STATEMENTS FOR GUARANTORS OF THE 4.500% SENIOR UNSECURED NOTES On August 2, 2016, the Company completed a public offering of its Senior Unsecured Notes. The Senior Unsecured Notes are senior unsecured obligations of the Company and were offered under the Company’s existing shelf registration statement filed with the Securities and Exchange Commission. The Senior Unsecured Notes are guaranteed by all of the Company’s wholly-owned subsidiaries, and all guarantees are full and unconditional and are joint and several. The following unaudited condensed consolidating financial statements present separately the earnings and comprehensive earnings, financial position and cash flows of the parent issuer (Eagle Materials Inc.) and the guarantors (all wholly-owned subsidiaries of Eagle Materials Inc.) on a combined basis with eliminating entries (dollars in thousands) . Condensed Consolidating Statement of Earnings and Comprehensive Earnings For the Three Months Ended June 30, 2017 Parent Guarantor Subsidiaries Eliminations Consolidated Revenues $ — $ 366,121 $ — $ 366,121 Cost of Goods Sold — 280,062 — 280,062 Gross Profit — 86,059 — 86,059 Equity in Earnings of Unconsolidated Joint Venture 9,876 9,876 (9,876 ) 9,876 Equity in Earnings of Subsidiaries 68,173 — (68,173 ) — Corporate General and Administrative Expenses (8,648 ) (1,031 ) — (9,679 ) Other Income (Loss) (167 ) 924 — 757 Interest Expense, net (12,962 ) 5,479 — (7,483 ) Earnings before Income Taxes 56,272 101,307 (78,049 ) 79,530 Income Taxes 8,487 (33,135 ) — (24,648 ) Net Earnings $ 64,759 $ 68,172 $ (78,049 ) $ 54,882 Net Earnings $ 64,759 $ 68,172 $ (78,049 ) $ 54,882 Net Actuarial Change in Benefit Plans, net of tax 197 197 (197 ) 197 Comprehensive Earnings $ 64,956 $ 68,369 $ (78,246 ) $ 55,079 Condensed Consolidating Statement of Earnings and Comprehensive Earnings For the Three Months Ended June 30, 2016 Parent Guarantor Subsidiaries Eliminations Consolidated Revenues $ — $ 297,504 $ — $ 297,504 Cost of Goods Sold — 225,549 — 225,549 Gross Profit — 71,955 — 71,955 Equity in Earnings of Unconsolidated Joint Venture 7,980 7,980 (7,980 ) 7,980 Equity in Earnings of Subsidiaries 49,703 — (49,703 ) — Corporate General and Administrative Expenses (8,231 ) (1,602 ) — (9,833 ) Other Income (Loss) (77 ) 1,152 — 1,075 Interest Expense, net (10,011 ) 6,110 — (3,901 ) Earnings before Income Taxes 39,364 85,595 (57,683 ) 67,276 Income Taxes 5,980 (27,912 ) — (21,932 ) Net Earnings $ 45,344 $ 57,683 $ (57,683 ) 45,344 Net Earnings $ 45,344 $ 57,683 $ (57,683 ) 45,344 Net Actuarial Change in Benefit Plans, net of tax 312 312 (312 ) 312 Comprehensive Earnings $ 45,656 $ 57,995 $ (57,995 ) $ 45,656 Condensed Consolidating Balance Sheet At June 30, 2017 Parent Guarantor Subsidiaries Eliminations Consolidated ASSETS Current Assets - Cash and Cash Equivalents $ 10,682 $ 1,551 $ — $ 12,233 Accounts and Notes Receivable 399 174,603 — 175,002 Inventories — 244,886 — 244,886 Income Tax Receivable 10,252 — (10,252 ) — Prepaid and Other Current Assets 689 7,492 — 8,181 Total Current Assets 22,022 428,532 (10,252 ) 440,302 Property, Plant and Equipment - 2,925 2,451,875 — 2,454,800 Less: Accumulated Depreciation (968 ) (918,764 ) — (919,732 ) Property, Plant and Equipment, net 1,957 1,533,111 — 1,535,068 Notes Receivable — 653 — 653 Investment in Joint Venture 56 53,694 — 53,750 Investments in Subsidiaries and Receivables from Affiliates 5,230,160 3,309,550 (8,539,710 ) — Goodwill and Intangible Assets, net — 234,707 — 234,707 Other Assets 5,605 9,505 — 15,110 $ 5,259,800 $ 5,569,752 $ (8,549,962 ) $ 2,279,590 LIABILITIES AND STOCKHOLDERS’ EQUITY Current Liabilities- Accounts Payable $ 6,139 $ 72,624 $ — $ 78,763 Accrued Liabilities 21,225 32,063 — 53,288 Income Tax Payable — 36,714 (10,252 ) 26,462 Current Portion of Long-term Debt 81,214 — — 81,214 Total Current Liabilities 108,578 141,401 (10,252 ) 239,727 Long-term Debt 580,421 — — 580,421 Other Long-term Liabilities 173 41,853 — 42,026 Payables to Affiliates 3,309,550 2,861,409 (6,170,959 ) — Deferred Income Taxes 5,991 156,338 — 162,329 Total Liabilities 4,004,713 3,201,001 (6,181,211 ) 1,024,503 Total Stockholders’ Equity 1,255,087 2,368,751 (2,368,751 ) 1,255,087 $ 5,259,800 $ 5,569,752 $ (8,549,962 ) $ 2,279,590 Condensed Consolidating Balance Sheet At March 31, 2017 Parent Guarantor Subsidiaries Eliminations Consolidated ASSETS Current Assets - Cash and Cash Equivalents $ 5,184 $ 1,377 $ — $ 6,561 Accounts and Notes Receivable 422 135,891 — 136,313 Inventories — 252,846 — 252,846 Income Tax Receivable 33,196 — (33,196 ) — Prepaid and Other Current Assets 484 4,420 — 4,904 Total Current Assets 39,286 394,534 (33,196 ) 400,624 Property, Plant and Equipment - 2,914 2,436,524 — 2,439,438 Less: Accumulated Depreciation (937 ) (891,664 ) — (892,601 ) Property, Plant and Equipment, net 1,977 1,544,860 — 1,546,837 Notes Receivable — 815 — 815 Investment in Joint Venture 51 48,569 — 48,620 Investments in Subsidiaries and Receivables from Affiliates 5,126,289 3,252,309 (8,378,598 ) — Goodwill and Intangible Assets, net — 235,505 — 235,505 Other Assets 5,687 9,036 — 14,723 $ 5,173,290 $ 5,485,628 $ (8,411,794 ) $ 2,247,124 LIABILITIES AND STOCKHOLDERS’ EQUITY Current Liabilities- Accounts Payable $ 6,687 $ 85,506 $ — $ 92,193 Accrued Liabilities 21,043 34,336 — 55,379 Income Tax Payable 733 33,196 (33,196 ) 733 Current Portion of Long-term Debt 81,214 — — 81,214 Total Current Liabilities 109,677 153,038 (33,196 ) 229,519 Long-term Debt 605,253 — — 605,253 Other Long-term Liabilities 189 42,689 — 42,878 Payables to Affiliates 3,252,309 2,825,710 (6,078,019 ) — Deferred Income Taxes 2,412 163,612 — 166,024 Total Liabilities 3,969,840 3,185,049 (6,111,215 ) 1,043,674 Total Stockholders’ Equity 1,203,450 2,300,579 (2,300,579 ) 1,203,450 $ 5,173,290 $ 5,485,628 $ (8,411,794 ) $ 2,247,124 Condensed Consolidating Statement of Cash Flows Three Months ended June 30, 2017 Parent Guarantor Subsidiaries Eliminations Consolidated CASH FLOWS FROM OPERATING ACTIVITIES Net Cash Provided by (Used in) Operating Activities $ 16,506 $ 37,164 $ — $ 53,670 CASH FLOWS FROM INVESTING ACTIVITIES Additions to Property, Plant and Equipment — (16,160 ) — (16,160 ) Net Cash Used in Investing Activities — (16,160 ) — (16,160 ) CASH FLOWS FROM FINANCING ACTIVITIES Repayment of Credit Facility (25,000 ) — — (25,000 ) Dividends Paid to Stockholders (4,853 ) — — (4,853 ) Purchase and Retirement of Common Stock (1,880 ) — — (1,880 ) Proceeds from Stock Option Exercises 1,273 — — 1,273 Shares Redeemed to Settle Employee Taxes on Stock Compensation (1,378 ) — — (1,378 ) Intra-entity Activity, net 20,830 (20,830 ) — — Net Cash Provided by (Used in) Financing Activities (11,008 ) (20,830 ) — (31,838 ) NET INCREASE IN CASH AND CASH EQUIVALENTS 5,498 174 — 5,672 CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 5,184 1,377 — 6,561 CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 10,682 $ 1,551 $ — $ 12,233 Condensed Consolidating Statement of Cash Flows Three Months ended June 30, 2016 Parent Guarantor Subsidiaries Eliminations Consolidated CASH FLOWS FROM OPERATING ACTIVITIES Net Cash Provided by (Used in) Operating Activities $ (35,457 ) $ 89,540 $ — $ 54,083 CASH FLOWS FROM INVESTING ACTIVITIES Additions to Property, Plant and Equipment — (8,978 ) — (8,978 ) Net Cash Used in Investing Activities — (8,978 ) — (8,978 ) CASH FLOWS FROM FINANCING ACTIVITIES Repayment of Credit Facility (9,000 ) — — (9,000 ) Dividends Paid to Stockholders (4,828 ) — — (4,828 ) Shares Redeemed to Settle Employee Taxes on Stock Compensation (2,284 ) — — (2,284 ) Purchase and Retirement of Common Stock (39,135 ) — — (39,135 ) Proceed from Stock Option Exercises 10,632 — — 10,632 Excess Tax Benefits from Share Based Payment Arrangements 3,299 — — 3,299 Intra-entity Activity, net 77,474 (77,474 ) — — Net Cash Provided by (Used in) Financing Activities 36,158 (77,474 ) — (41,316 ) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 701 3,088 — 3,789 CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 3,507 1,884 — 5,391 CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 4,208 $ 4,972 $ — $ 9,180

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	3 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements In March 2016, the Financial Accounting Standards Board (“FASB”), issued Accounting Standards Update “(ASU”) 2016-09, “Improvements to Employee Share-Based Payment Accounting,” which provides for simplification of certain aspects of employee share-based payment accounting, including income taxes, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The Company adopted ASU 2016-09 on April 1, 2017. The new standard provides for changes to accounting for stock compensation including 1) excess tax benefits and tax deficiencies related to share based payment awards will be recognized as income tax benefit or expense in the reporting period in which they occur; 2) excess tax benefits will be classified as an operating activity in the statement of cash flow; 3) the option to elect to estimate forfeitures or account for them when they occur; and 4) an increase in the tax withholding requirements threshold to qualify for equity classification. The primary impact of adoption was the recognition of excess tax benefits for our stock awards in the provision for income taxes rather than additional paid-in capital. As provided by the new standard, the Company changed its method of accounting for forfeitures, and will now recognize forfeitures as the occur, which resulted in an approximately $0.7 million reduction to retained earnings. Additional amendments to the accounting for income taxes and minimum statutory withholding tax requirements had no impact to retained earnings. Adoption of the new standard resulted in the recognition of excess tax benefits in our provision for income taxes rather than paid-in capital of $1.0 million for the three months ended June 30, 2017. The presentation of excess tax benefits on stock-based compensation was adopted prospectively within the unaudited Condensed Consolidated Statements of Cash Flows. The presentation requirements for cash flows related to employee taxes paid for withheld shares had no impact to any of the periods presented on the unaudited Condensed Consolidated Statements of Cash Flows as the Company has historically presented them as a financing activity. In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers.” ASU 2014-09 supersedes the revenue recognition requirements in “Revenue Recognition (Topic 605),” and requires entities to recognize revenue in a way that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. The standard will be effective for us in the first quarter of fiscal 2019. We will adopt the new standard using the modified retrospective approach, which requires the standard be applied only to the most current period presented, with the cumulative effect of initially applying the standard recognized at the date of initial application. In March 2017, the FASB issued ASU 2017-07, “Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost”, which revises the accounting for periodic pension and postretirement expense. This ASU requires net periodic benefit cost, with the exception of service cost, to be presented retrospectively as nonoperating expense. Service cost will remain a component of cost of goods sold and represent the only cost of pension and postretirement expense eligible for capitalization. We will adopt the standard on April 1, 2018 using the retrospective method for presentation of service cost and other components in the income statement. We will prospectively adopt the requirement to limit the capitalization of benefit cost to the service cost component. The impact of adopting this standard will be a reduction to cost of goods sold and an increase in other expense. Had we adopted this standard on April 1, 2017, our gross profit would have increased by approximately $0.5 million, and other income would have decreased by $0.5 million. In February 2016, the FASB issued ASU 2016-02, “Leases”, which supersedes existing lease guidance to require lessees to recognize assets and liabilities on the balance sheet for the rights and obligations created by long-term leases and to disclose additional quantitative and qualitative information about leasing arrangements. The standard will be effective for us in the first quarter of fiscal 2020, and we will adopt using the modified retrospective approach. We are currently assessing the impact of the ASU on our consolidated financial statements and disclosures, as well as our internal lease accounting processes.

ACQUISITION (Tables)

ACQUISITION (Tables)	3 Months Ended
	Jun. 30, 2017
Business Combinations [Abstract]
Components of Purchase Price Allocation	The following table summarizes the provisional allocation of the Fairborn Purchase Price to assets acquired and liabilities assumed as of the acquisition date: Purchase price allocation at acquisition date (in thousands) As of February 10, 2017 Inventories $ 11,106 Property and Equipment 314,897 Intangible Assets 10,000 Other Assets 4,000 Asset Retirement Obligation (4,000 ) Total Net Assets 336,003 Goodwill 64,485 Total Estimated Purchase Price $ 400,488
Summary of Fair Value Estimates of Identifiable Intangible Assets and Weighted-Average Useful Lives	The following table is a summary of the fair value estimates of the identifiable intangible assets (in thousands) and their weighted-average useful lives: Weighted Average Life Estimated Fair Value Customer Relationships 15 9,000 Permits 40 1,000 Total Intangible Assets $ 10,000
Net Sales and Operating Earnings of Fairborn Proppants	The following table presents the net sales and operating earnings related to the Fairborn Acquisition that has been included in our consolidated statement of earnings for the three months ended June 30, 2017: For the Three Months Ended June 30, 2017 (dollars in thousands) Revenues $ 22,155 Operating Earnings $ 5,978
Unaudited Pro Forma Results	For the Three Months Ended June 30, 2016 (dollars in thousands) Revenues $ 320,686 Net Income $ 47,865 Earnings per share – basis $ 1.00 Earnings per share - diluted $ 0.99

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	3 Months Ended
	Jun. 30, 2017
Equity [Abstract]
Summary of Changes in Stockholders' Equity	A summary of changes in stockholders’ equity follows: For the Three Months Ended June 30, 2017 (dollars in thousands) Common Stock – Balance at Beginning of Period $ 485 Issuance of Restricted Stock 1 Stock Option Exercises (1 ) Balance at End of Period 485 Capital in Excess of Par Value – Balance at Beginning of Period 149,014 Stock Compensation Expense 3,399 Cumulative Impact of the Adoption of ASU 2016-09 713 Shares Redeemed to Settle Employee Taxes (1,378 ) Stock Option Exercises 1,273 Purchase and Retirement of Common Stock (1,880 ) Balance at End of Period 151,141 Retained Earnings – Balance at Beginning of Period 1,061,347 Dividends Declared to Stockholders (4,856 ) Cumulative Impact of the Adoption of ASU 2016-09 (713 ) Net Earnings 54,882 Balance at End of Period 1,110,660 Accumulated Other Comprehensive Loss - Balance at Beginning of Period (7,396 ) Change in Funded Status of Pension Plan, net of tax 197 Balance at End of Period (7,199 ) Total Stockholders’ Equity $ 1,255,087

INVENTORIES (Tables)

INVENTORIES (Tables)	3 Months Ended
	Jun. 30, 2017
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories are stated at the lower of average cost (including applicable material, labor, depreciation, and plant overhead) or market, and consist of the following: As of June 30, 2017 March 31, 2017 (dollars in thousands) Raw Materials and Material-in-Progress $ 120,202 $ 122,736 Finished Cement 22,894 24,428 Gypsum Wallboard 7,615 7,951 Paperboard 7,050 8,635 Frac Sand 2,429 2,907 Aggregates 7,679 7,686 Repair Parts and Supplies 71,989 73,732 Fuel and Coal 5,028 4,771 $ 244,886 $ 252,846

ACCRUED EXPENSES (Tables)

ACCRUED EXPENSES (Tables)	3 Months Ended
	Jun. 30, 2017
Payables And Accruals [Abstract]
Schedule of Accrued Expenses	Accrued expenses consist of the following: As of June 30, 2017 March 31, 2017 (dollars in thousands) Payroll and Incentive Compensation $ 13,566 $ 22,850 Benefits 12,412 11,503 Interest 7,971 5,992 Property Taxes 6,286 4,759 Power and Fuel 1,708 1,536 Sales and Use Tax 1,161 2,459 Legal 2,231 944 Acquisition Related Expenses 242 350 Other 7,711 4,986 $ 53,288 $ 55,379

SHARE-BASED EMPLOYEE COMPENSA29

SHARE-BASED EMPLOYEE COMPENSATION (Tables)	3 Months Ended
	Jun. 30, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Weighted-Average Assumptions Used to Value Option Awards	The weighted-average assumptions used in the Black-Scholes model to value the option awards in fiscal 2018 are as follows: Fiscal 2018 Dividend Yield 1.3% Expected Volatility 36.3% Risk Free Interest Rate 2.1% Expected Life 6.0 years
Stock Option Activity	The following table represents stock option activity for the three months ended June 30, 2017: Number of Shares Weighted- Average Exercise Price Outstanding Options at Beginning of Period 1,323,379 $ 66.07 Granted 113,934 $ 100.58 Exercised (44,534 ) $ 28.59 Cancelled (16,742 ) $ 78.05 Outstanding Options at End of Period 1,376,037 $ 70.00 Options Exercisable at End of Period 970,765 $ 64.25 Weighted-Average Fair Value of Options Granted during the Period $ 33.51
Stock Options Outstanding	The following table summarizes information about stock options outstanding at June 30, 2017: Outstanding Options Exercisable Options Range of Exercise Prices Number of Shares Outstanding Weighted - Average Remaining Contractual Life Weighted - Average Exercise Price Number of Shares Outstanding Weighted - Average Exercise Price $23.17 – $ 30.74 107,435 3.39 $ 24.52 107,435 $ 24.52 $33.43 – $ 37.34 177,333 4.96 $ 33.88 174,333 $ 33.82 $53.22 – $ 77.67 426,216 7.31 $ 70.05 270,173 $ 68.49 $79.73 – $ 106.00 665,053 7.99 $ 86.94 418,824 $ 84.36 1,376,037 7.03 $ 70.00 970,765 $ 64.25

COMPUTATION OF EARNINGS PER S30

COMPUTATION OF EARNINGS PER SHARE (Tables)	3 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Calculation of Basic and Diluted Common Shares Outstanding	The calculation of basic and diluted common shares outstanding is as follows: For the Three Months Ended June 30, 2017 2016 Weighted-Average Shares of Common Stock Outstanding 48,121,890 48,014,195 Common Equivalent Shares: Assumed Exercise of Outstanding Dilutive Options 1,259,741 1,039,189 Less: Shares Repurchased from Assumed Proceeds of Assumed Exercised Options (928,723 ) (715,139 ) Restricted Shares 202,645 183,962 Weighted-Average Common and Common Equivalent Shares Outstanding 48,655,553 48,522,207 Shares Excluded Due to Anti-dilution Effects 63,359 692,219

PENSION AND EMPLOYEE BENEFIT 31

PENSION AND EMPLOYEE BENEFIT PLANS (Tables)	3 Months Ended
	Jun. 30, 2017
Compensation And Retirement Disclosure [Abstract]
Components of Net Periodic Cost	The following table shows the components of net periodic cost for our plans: For the Three Months Ended June 30, 2017 2016 (dollars in thousands) Service Cost – Benefits Earned During the Period $ 250 $ 222 Interest Cost of Benefit Obligations 396 399 Expected Return on Plan Assets (401 ) (416 ) Recognized Net Actuarial Loss 428 425 Amortization of Prior-Service Cost 90 75 Net Periodic Pension Cost $ 763 $ 705

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	3 Months Ended
	Jun. 30, 2017
Debt Instrument [Line Items]
Long-Term Debt	Long-term debt consists of the following: As of June 30, 2017 March 31, 2017 (dollars in thousands) Credit Facility $ 200,000 $ 225,000 4.500% Senior Unsecured Notes Due 2026 350,000 350,000 Private Placement Senior Unsecured Notes 117,714 117,714 Total Debt 667,714 692,714 Less: Current Portion of Long-term Debt (81,214 ) (81,214 ) Less: Debt Origination Costs (6,079 ) (6,247 ) Total Long-term Debt $ 580,421 $ 605,253
Schedule of Senior Unsecured Notes Redemption Prices	Beginning on August 1, 2021, we may redeem some or all of the Senior Unsecured Notes at the redemption prices set forth below (expressed as a percentage of the principal amount being redeemed): Percentage 2021 102.25 % 2022 101.50 % 2023 100.75 % 2024 and thereafter 100.00 %
2005 Note Purchase Agreement [Member]
Debt Instrument [Line Items]
Amount Outstanding of Tranches	At June 30, 2017, the amount outstanding for the remaining tranche is as follows: Principal Maturity Date Interest Rate Tranche C $57.2 million November 15, 2017 5.48%
2007 Note Purchase Agreement [Member]
Debt Instrument [Line Items]
Amount Outstanding of Tranches	At June 30, 2017, the amounts outstanding for each of the remaining tranches were as follows: Principal Maturity Date Interest Rate Tranche C $24.0 million October 2, 2017 6.36% Tranche D $36.5 million October 2, 2019 6.48%

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Jun. 30, 2017
Segment Reporting [Abstract]
Financial Information Related to Operations by Segment	The following table sets forth certain financial information relating to our operations by segment: For the Three Months Ended June 30, 2017 2016 (dollars in thousands) Revenues - Cement $ 182,935 $ 144,792 Gypsum Wallboard 126,813 113,262 Paperboard 44,413 42,815 Oil and Gas Proppants 18,910 5,096 Concrete and Aggregates 43,919 34,751 Sub-total 416,990 340,716 Less: Intersegment Revenues (22,699 ) (18,324 ) Net Revenues, including Joint Venture 394,291 322,392 Less: Joint Venture (28,170 ) (24,888 ) Net Revenues $ 366,121 $ 297,504 For the Three Months Ended June 30, 2017 2016 (dollars in thousands) Intersegment Revenues - Cement $ 4,929 $ 3,535 Paperboard 17,357 14,506 Concrete and Aggregates 413 283 $ 22,699 $ 18,324 Cement Sales Volume (in thousands of tons) - Wholly –owned Operations 1,268 1,033 Joint Venture 243 218 1,511 1,251 For the Three Months Ended June 30, 2017 2016 (dollars in thousands) Operating Earnings - Cement $ 43,181 $ 31,600 Gypsum Wallboard 43,821 39,336 Paperboard 4,938 11,227 Oil and Gas Proppants (2,026 ) (5,912 ) Concrete and Aggregates 6,021 3,684 Other, net 757 1,075 Sub-total 96,692 81,010 Corporate General and Administrative (9,679 ) (9,833 ) Earnings Before Interest and Income Taxes 87,013 71,177 Interest Expense, net (7,483 ) (3,901 ) Earnings Before Income Taxes $ 79,530 $ 67,276 Cement Operating Earnings - Wholly–owned Operations $ 33,305 $ 23,620 Joint Venture 9,876 7,980 $ 43,181 $ 31,600 Capital Expenditures - Cement $ 7,718 $ 5,245 Gypsum Wallboard 5,642 1,328 Paperboard 764 1,304 Oil and Gas Proppants 579 57 Concrete and Aggregates 1,412 1,044 Other 45 — $ 16,160 $ 8,978 Depreciation, Depletion and Amortization - Cement $ 12,479 $ 8,611 Gypsum Wallboard 4,442 4,762 Paperboard 2,137 2,100 Oil and Gas Proppants 7,606 5,184 Concrete and Aggregates 1,914 1,749 Other, net 369 457 $ 28,947 $ 22,863 As of June 30, 2017 March 31, 2017 (dollars in thousands) Identifiable Assets - Cement $ 1,263,484 $ 1,234,617 Gypsum Wallboard 377,562 379,414 Paperboard 126,583 124,356 Oil and Gas Proppants 373,964 376,306 Concrete and Aggregates 110,575 110,413 Corporate and Other 27,422 22,018 $ 2,279,590 $ 2,247,124
Segment Breakdown of Goodwill	The segment breakdown of goodwill is as follows: As of June 30, 2017 March 31, 2017 (dollars in thousands) Cement $ 74,214 $ 74,214 Gypsum Wallboard 116,618 116,618 Paperboard 7,538 7,538 $ 198,370 $ 198,370
Summarized Financial Information for Joint Venture Unconsolidated	Summarized financial information for the Joint Venture that is not consolidated is set out below (this summarized financial information includes the total amount for the Joint Venture and not our 50% interest in those amounts): For the Three Months Ended June 30, 2017 2016 (dollars in thousands) Revenues $ 56,340 $ 49,776 Gross Margin $ 21,312 $ 17,337 Earnings Before Income Taxes $ 19,917 $ 16,138 As of June 30, 2017 March 31, 2017 (dollars in thousands) Current Assets $ 75,940 $ 73,767 Non-Current Assets $ 47,184 $ 42,337 Current Liabilities $ 18,944 $ 22,293

INTEREST EXPENSE (Tables)

INTEREST EXPENSE (Tables)	3 Months Ended
	Jun. 30, 2017
Banking And Thrift Interest [Abstract]
Interest Expense, Net	The following components are included in interest expense, net: For the Three Months Ended June 30, 2017 2016 (dollars in thousands) Interest (Income) $ (3 ) $ — Interest Expense 7,176 3,749 Other Expenses 310 152 Interest Expense, net $ 7,483 $ 3,901

FAIR VALUE OF FINANCIAL INSTR35

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value of Senior Notes	The fair value of our long-term debt has been estimated based upon our current incremental borrowing rates for similar types of borrowing arrangements. The fair value of our Senior Notes at June 30, 2017 is as follows: Fair Value (dollars in thousands) Series 2005A Tranche C $ 57,754 Series 2007A Tranche C 24,212 Series 2007A Tranche D 38,887 4.5% Senior Unsecured Notes Due 2026 361,900

FINANCIAL STATEMENTS FOR GUAR36

FINANCIAL STATEMENTS FOR GUARANTORS OF THE 4.500% SENIOR UNSECURED NOTES (Tables)	3 Months Ended
	Jun. 30, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Condensed Consolidating Statement of Earnings and Comprehensive Earnings	Condensed Consolidating Statement of Earnings and Comprehensive Earnings For the Three Months Ended June 30, 2017 Parent Guarantor Subsidiaries Eliminations Consolidated Revenues $ — $ 366,121 $ — $ 366,121 Cost of Goods Sold — 280,062 — 280,062 Gross Profit — 86,059 — 86,059 Equity in Earnings of Unconsolidated Joint Venture 9,876 9,876 (9,876 ) 9,876 Equity in Earnings of Subsidiaries 68,173 — (68,173 ) — Corporate General and Administrative Expenses (8,648 ) (1,031 ) — (9,679 ) Other Income (Loss) (167 ) 924 — 757 Interest Expense, net (12,962 ) 5,479 — (7,483 ) Earnings before Income Taxes 56,272 101,307 (78,049 ) 79,530 Income Taxes 8,487 (33,135 ) — (24,648 ) Net Earnings $ 64,759 $ 68,172 $ (78,049 ) $ 54,882 Net Earnings $ 64,759 $ 68,172 $ (78,049 ) $ 54,882 Net Actuarial Change in Benefit Plans, net of tax 197 197 (197 ) 197 Comprehensive Earnings $ 64,956 $ 68,369 $ (78,246 ) $ 55,079 Condensed Consolidating Statement of Earnings and Comprehensive Earnings For the Three Months Ended June 30, 2016 Parent Guarantor Subsidiaries Eliminations Consolidated Revenues $ — $ 297,504 $ — $ 297,504 Cost of Goods Sold — 225,549 — 225,549 Gross Profit — 71,955 — 71,955 Equity in Earnings of Unconsolidated Joint Venture 7,980 7,980 (7,980 ) 7,980 Equity in Earnings of Subsidiaries 49,703 — (49,703 ) — Corporate General and Administrative Expenses (8,231 ) (1,602 ) — (9,833 ) Other Income (Loss) (77 ) 1,152 — 1,075 Interest Expense, net (10,011 ) 6,110 — (3,901 ) Earnings before Income Taxes 39,364 85,595 (57,683 ) 67,276 Income Taxes 5,980 (27,912 ) — (21,932 ) Net Earnings $ 45,344 $ 57,683 $ (57,683 ) 45,344 Net Earnings $ 45,344 $ 57,683 $ (57,683 ) 45,344 Net Actuarial Change in Benefit Plans, net of tax 312 312 (312 ) 312 Comprehensive Earnings $ 45,656 $ 57,995 $ (57,995 ) $ 45,656
Condensed Consolidating Balance Sheet	Condensed Consolidating Balance Sheet At June 30, 2017 Parent Guarantor Subsidiaries Eliminations Consolidated ASSETS Current Assets - Cash and Cash Equivalents $ 10,682 $ 1,551 $ — $ 12,233 Accounts and Notes Receivable 399 174,603 — 175,002 Inventories — 244,886 — 244,886 Income Tax Receivable 10,252 — (10,252 ) — Prepaid and Other Current Assets 689 7,492 — 8,181 Total Current Assets 22,022 428,532 (10,252 ) 440,302 Property, Plant and Equipment - 2,925 2,451,875 — 2,454,800 Less: Accumulated Depreciation (968 ) (918,764 ) — (919,732 ) Property, Plant and Equipment, net 1,957 1,533,111 — 1,535,068 Notes Receivable — 653 — 653 Investment in Joint Venture 56 53,694 — 53,750 Investments in Subsidiaries and Receivables from Affiliates 5,230,160 3,309,550 (8,539,710 ) — Goodwill and Intangible Assets, net — 234,707 — 234,707 Other Assets 5,605 9,505 — 15,110 $ 5,259,800 $ 5,569,752 $ (8,549,962 ) $ 2,279,590 LIABILITIES AND STOCKHOLDERS’ EQUITY Current Liabilities- Accounts Payable $ 6,139 $ 72,624 $ — $ 78,763 Accrued Liabilities 21,225 32,063 — 53,288 Income Tax Payable — 36,714 (10,252 ) 26,462 Current Portion of Long-term Debt 81,214 — — 81,214 Total Current Liabilities 108,578 141,401 (10,252 ) 239,727 Long-term Debt 580,421 — — 580,421 Other Long-term Liabilities 173 41,853 — 42,026 Payables to Affiliates 3,309,550 2,861,409 (6,170,959 ) — Deferred Income Taxes 5,991 156,338 — 162,329 Total Liabilities 4,004,713 3,201,001 (6,181,211 ) 1,024,503 Total Stockholders’ Equity 1,255,087 2,368,751 (2,368,751 ) 1,255,087 $ 5,259,800 $ 5,569,752 $ (8,549,962 ) $ 2,279,590 Condensed Consolidating Balance Sheet At March 31, 2017 Parent Guarantor Subsidiaries Eliminations Consolidated ASSETS Current Assets - Cash and Cash Equivalents $ 5,184 $ 1,377 $ — $ 6,561 Accounts and Notes Receivable 422 135,891 — 136,313 Inventories — 252,846 — 252,846 Income Tax Receivable 33,196 — (33,196 ) — Prepaid and Other Current Assets 484 4,420 — 4,904 Total Current Assets 39,286 394,534 (33,196 ) 400,624 Property, Plant and Equipment - 2,914 2,436,524 — 2,439,438 Less: Accumulated Depreciation (937 ) (891,664 ) — (892,601 ) Property, Plant and Equipment, net 1,977 1,544,860 — 1,546,837 Notes Receivable — 815 — 815 Investment in Joint Venture 51 48,569 — 48,620 Investments in Subsidiaries and Receivables from Affiliates 5,126,289 3,252,309 (8,378,598 ) — Goodwill and Intangible Assets, net — 235,505 — 235,505 Other Assets 5,687 9,036 — 14,723 $ 5,173,290 $ 5,485,628 $ (8,411,794 ) $ 2,247,124 LIABILITIES AND STOCKHOLDERS’ EQUITY Current Liabilities- Accounts Payable $ 6,687 $ 85,506 $ — $ 92,193 Accrued Liabilities 21,043 34,336 — 55,379 Income Tax Payable 733 33,196 (33,196 ) 733 Current Portion of Long-term Debt 81,214 — — 81,214 Total Current Liabilities 109,677 153,038 (33,196 ) 229,519 Long-term Debt 605,253 — — 605,253 Other Long-term Liabilities 189 42,689 — 42,878 Payables to Affiliates 3,252,309 2,825,710 (6,078,019 ) — Deferred Income Taxes 2,412 163,612 — 166,024 Total Liabilities 3,969,840 3,185,049 (6,111,215 ) 1,043,674 Total Stockholders’ Equity 1,203,450 2,300,579 (2,300,579 ) 1,203,450 $ 5,173,290 $ 5,485,628 $ (8,411,794 ) $ 2,247,124
Condensed Consolidating Statement of Cash Flows	Condensed Consolidating Statement of Cash Flows Three Months ended June 30, 2017 Parent Guarantor Subsidiaries Eliminations Consolidated CASH FLOWS FROM OPERATING ACTIVITIES Net Cash Provided by (Used in) Operating Activities $ 16,506 $ 37,164 $ — $ 53,670 CASH FLOWS FROM INVESTING ACTIVITIES Additions to Property, Plant and Equipment — (16,160 ) — (16,160 ) Net Cash Used in Investing Activities — (16,160 ) — (16,160 ) CASH FLOWS FROM FINANCING ACTIVITIES Repayment of Credit Facility (25,000 ) — — (25,000 ) Dividends Paid to Stockholders (4,853 ) — — (4,853 ) Purchase and Retirement of Common Stock (1,880 ) — — (1,880 ) Proceeds from Stock Option Exercises 1,273 — — 1,273 Shares Redeemed to Settle Employee Taxes on Stock Compensation (1,378 ) — — (1,378 ) Intra-entity Activity, net 20,830 (20,830 ) — — Net Cash Provided by (Used in) Financing Activities (11,008 ) (20,830 ) — (31,838 ) NET INCREASE IN CASH AND CASH EQUIVALENTS 5,498 174 — 5,672 CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 5,184 1,377 — 6,561 CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 10,682 $ 1,551 $ — $ 12,233 Condensed Consolidating Statement of Cash Flows Three Months ended June 30, 2016 Parent Guarantor Subsidiaries Eliminations Consolidated CASH FLOWS FROM OPERATING ACTIVITIES Net Cash Provided by (Used in) Operating Activities $ (35,457 ) $ 89,540 $ — $ 54,083 CASH FLOWS FROM INVESTING ACTIVITIES Additions to Property, Plant and Equipment — (8,978 ) — (8,978 ) Net Cash Used in Investing Activities — (8,978 ) — (8,978 ) CASH FLOWS FROM FINANCING ACTIVITIES Repayment of Credit Facility (9,000 ) — — (9,000 ) Dividends Paid to Stockholders (4,828 ) — — (4,828 ) Shares Redeemed to Settle Employee Taxes on Stock Compensation (2,284 ) — — (2,284 ) Purchase and Retirement of Common Stock (39,135 ) — — (39,135 ) Proceed from Stock Option Exercises 10,632 — — 10,632 Excess Tax Benefits from Share Based Payment Arrangements 3,299 — — 3,299 Intra-entity Activity, net 77,474 (77,474 ) — — Net Cash Provided by (Used in) Financing Activities 36,158 (77,474 ) — (41,316 ) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 701 3,088 — 3,789 CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 3,507 1,884 — 5,391 CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 4,208 $ 4,972 $ — $ 9,180

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail) - USD ($)	Apr. 02, 2017	Jun. 30, 2017
Significant Accounting Policies [Line Items]
Increase in gross profit	$ 500,000
Decrease in other income	$ (500,000)
ASU 2016-09 [Member]
Significant Accounting Policies [Line Items]
Cumulative effect reduction in retained earnings		$ (700,000)
Impact to retained earnings		0
Recognition of excess tax benefits in provision for income taxes		$ 1,000,000

Acquisition - Additional Inform

Acquisition - Additional Information (Detail) - USD ($) $ in Thousands	Jul. 27, 2017	Feb. 10, 2017	Jun. 30, 2017	Jun. 30, 2016	Mar. 31, 2017
Business Acquisition [Line Items]
Operating earnings			$ 96,692	$ 81,010
Fairborn Acquisition [Member]
Business Acquisition [Line Items]
Business acquisition, date of acquisition			Feb. 10, 2017
Business acquisition purchase price		$ 400,500
Depreciation and amortization			$ 3,300
Operating earnings			5,978
Direct acquisition cost					$ 5,500
Fairborn Acquisition [Member] | Fair Value Adjustment to Inventory
Business Acquisition [Line Items]
Operating earnings			$ 600
Wildcat Minerals L L C
Business Acquisition [Line Items]
Business acquisition, effective date of acquisition			Jul. 27, 2017
Wildcat Minerals L L C | Subsequent Event [Member]
Business Acquisition [Line Items]
Purchase price paid for business acquisition	$ 37,000

Components of Purchase Price Al

Components of Purchase Price Allocation (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Mar. 31, 2017	Feb. 10, 2017
Business Acquisition [Line Items]
Intangible Assets	$ 10,000
Goodwill	$ 198,370	$ 198,370
Fairborn Acquisition [Member]
Business Acquisition [Line Items]
Inventories			$ 11,106
Property and Equipment			314,897
Intangible Assets			10,000
Other Assets			4,000
Asset Retirement Obligation			(4,000)
Total Net Assets			336,003
Goodwill			64,485
Total Estimated Purchase Price			$ 400,488

Summary of Fair Value Estimates

Summary of Fair Value Estimates of Identifiable Intangible Assets and Weighted-Average Useful Lives (Detail) $ in Thousands	3 Months Ended
	Jun. 30, 2017USD ($)
Acquired Finite Lived Intangible Assets [Line Items]
Estimated Fair Value	$ 10,000
Customer Relationships [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Weighted Average Life	15 years
Estimated Fair Value	$ 9,000
Permits [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Weighted Average Life	40 years
Estimated Fair Value	$ 1,000

Net Sales and Operating Earning

Net Sales and Operating Earningsof Fairborn Proppants (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Business Acquisition Pro Forma Information Nonrecurring Adjustment [Line Items]
Revenues	$ 366,121	$ 297,504
Operating Earnings	96,692	$ 81,010
Fairborn Acquisition [Member]
Business Acquisition Pro Forma Information Nonrecurring Adjustment [Line Items]
Revenues	22,155
Operating Earnings	$ 5,978

Unaudited Pro Forma Results (De

Unaudited Pro Forma Results (Detail) - Fairborn Acquisition [Member] $ / shares in Units, $ in Thousands	3 Months Ended
	Jun. 30, 2016USD ($)$ / shares
Business Acquisition [Line Items]
Revenues | $	$ 320,686
Net Income | $	$ 47,865
Earnings per share – basis | $ / shares	$ 1
Earnings per share - diluted | $ / shares	$ 0.99

Cash Flow Information - Suppl43

Cash Flow Information - Supplemental - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Supplemental Cash Flow Elements [Abstract]
Cash payments made for interest	$ 5.3	$ 5.3
Net payments made for federal and state income taxes	$ 0.5	$ 1.6

Accounts and Notes Receivable -

Accounts and Notes Receivable - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2017	Mar. 31, 2017
Receivables [Abstract]
Allowance for doubtful accounts	$ 10.8	$ 10.7
Notes receivable, total	4
Notes receivable, current	$ 3.4
Notes receivable interest rate	3.50%
Notes receivable, maturity year	Remaining unpaid amounts, plus accrued interest, mature in fiscal 2018 and 2021.

Summary of Change in Stockholde

Summary of Change in Stockholder's Equity (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Stockholders Equity Note [Line Items]
Balance at Beginning of Period	$ 1,203,450
Net Earnings	54,882	$ 45,344
Balance at End of Period	1,255,087
Common Stock [Member]
Stockholders Equity Note [Line Items]
Balance at Beginning of Period	485
Issuance of Restricted Stock	1
Stock Option Exercises	(1)
Balance at End of Period	485
Capital in Excess of Par Value [Member]
Stockholders Equity Note [Line Items]
Balance at Beginning of Period	149,014
Stock Compensation Expense	3,399
Cumulative Impact of the Adoption of ASU 2016-09	713
Shares Redeemed to Settle Employee Taxes	(1,378)
Stock Option Exercises	1,273
Purchase and Retirement of Common Stock	(1,880)
Balance at End of Period	151,141
Retained Earnings [Member]
Stockholders Equity Note [Line Items]
Balance at Beginning of Period	1,061,347
Dividends Declared to Stockholders	(4,856)
Cumulative Impact of the Adoption of ASU 2016-09	(713)
Net Earnings	54,882
Balance at End of Period	1,110,660
Accumulated Other Comprehensive Loss [Member]
Stockholders Equity Note [Line Items]
Balance at Beginning of Period	(7,396)
Change in Funded Status of Pension Plan, net of tax	197
Balance at End of Period	$ (7,199)

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - $ / shares	1 Months Ended	3 Months Ended
	Jul. 27, 2017	Jun. 30, 2017
Equity Class Of Treasury Stock [Line Items]
Repurchase of shares		20,000
Shares repurchased average price		$ 94.03
Subsequent Event [Member]
Equity Class Of Treasury Stock [Line Items]
Repurchase of shares	65,000
Shares repurchased average price	$ 92.74
Stock repurchase remaining number of shares authorized to be repurchased	4,712,200

Schedule of Inventories (Detail

Schedule of Inventories (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Mar. 31, 2017
Inventory [Line Items]
Inventories	$ 244,886	$ 252,846
Raw Materials and Material-in-Progress [Member]
Inventory [Line Items]
Inventories	120,202	122,736
Finished Cement [Member]
Inventory [Line Items]
Inventories	22,894	24,428
Gypsum Wallboard [Member]
Inventory [Line Items]
Inventories	7,615	7,951
Paperboard [Member]
Inventory [Line Items]
Inventories	7,050	8,635
Frac Sand [Member]
Inventory [Line Items]
Inventories	2,429	2,907
Aggregates [Member]
Inventory [Line Items]
Inventories	7,679	7,686
Repair Parts and Supplies [Member]
Inventory [Line Items]
Inventories	71,989	73,732
Fuel and Coal [Member]
Inventory [Line Items]
Inventories	$ 5,028	$ 4,771

Schedule of Accrued Expenses (D

Schedule of Accrued Expenses (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Mar. 31, 2017
Accounts Payable And Accrued Liabilities Current [Abstract]
Payroll and Incentive Compensation	$ 13,566	$ 22,850
Benefits	12,412	11,503
Interest	7,971	5,992
Property Taxes	6,286	4,759
Power and Fuel	1,708	1,536
Sales and Use Tax	1,161	2,459
Legal	2,231	944
Acquisition Related Expenses	242	350
Other	7,711	4,986
Accrued expenses, total	$ 53,288	$ 55,379

Share-Based Employee Compensa49

Share-Based Employee Compensation - Additional Information (Detail) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	May 31, 2017	Jun. 30, 2017	Jun. 30, 2016	Aug. 07, 2013
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares available for future grant		4,169,374		3,000,000
Stock option expense		$ 0.9	$ 1.2
Aggregate intrinsic value for outstanding options		30.9
Aggregate intrinsic value of exercisable options		27.4
Total intrinsic value of options exercised		3
Restricted stock or unit expense		$ 2.5	$ 1.4
Stock Awards [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares available for future grant				1,500,000
Performance Vesting Stock Options [Member] | Long Term Compensation Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares available for future grant	58,055
Reduced percentage of shares earned in stock options plan		66.70%
Share-based compensation vesting period	4 years
Share-based compensation award expiration term	10 years
Stock based compensation plan, description		The performance criterion for the Fiscal 2018 Employee Performance Stock Option Grant is based upon the achievement of certain levels of return on equity (as defined in the option agreements), ranging from 11.0% to 18.0%, for the fiscal year ending March 31, 2018. All stock options will be earned if the return on equity is 18.0% or greater, and the percentage of shares earned will be reduced proportionately to approximately 66.7% if the return on equity is 11.0%. If the Company does not achieve a return on equity of at least 11.0%, all stock options granted will be forfeited.
Performance Vesting Stock Options [Member] | Long Term Compensation Plan [Member] | Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of average return on invested capital	11.00%
Share-based compensation expiration date		Mar. 31, 2019
Performance Vesting Stock Options [Member] | Long Term Compensation Plan [Member] | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of average return on invested capital	18.00%
Share-based compensation expiration date		Mar. 31, 2021
Time Vesting Stock Options [Member] | Long Term Compensation Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares available for future grant	48,379
Share-based compensation vesting period	4 years
Stock Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation cost, stock options		$ 10
Weighted-average period of recognition of unrecognized compensation cost		3 years
Performance Vesting Restricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares available for future grant	52,646
Share-based compensation vesting period	4 years
Stock based compensation plan, description		The performance criterion for the Fiscal 2018 Employee Restricted Stock Performance Award is based upon the achievement of certain levels of return on equity (as defined in the award agreement), ranging from 11.0% to 18.0%, for the fiscal year ending March 31, 2018. All restricted shares will be earned if the return on equity is 18.0% or greater, and the percentage of shares earned will be reduced proportionately to approximately 66.7% if the return on equity is 11.0%. If the Company does not achieve a return on equity of at least 11.0%, all awards will be forfeited.
Reduced percentage of restricted shares		66.70%
Performance Vesting Restricted Stock [Member] | Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of average return on invested capital	11.00%
Share-based compensation vesting date		Mar. 31, 2019
Performance Vesting Restricted Stock [Member] | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of average return on invested capital	18.00%
Share-based compensation vesting date		Mar. 31, 2021
Time Vesting Restricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares available for future grant	43,874
Share-based compensation vesting period	4 years
Restricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted-average period of recognition of unrecognized compensation cost		2 years 10 months 24 days
Unrecognized compensation cost		$ 18.9

Weighted-Average Assumptions Us

Weighted-Average Assumptions Used to Value Option Awards (Detail) - Long Term Compensation Plan [Member] - Stock Options [Member]	3 Months Ended
	Jun. 30, 2017
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Dividend Yield	1.30%
Expected Volatility	36.30%
Risk Free Interest Rate	2.10%
Expected Life	6 years

Stock Option Activity (Detail)

Stock Option Activity (Detail)	3 Months Ended
	Jun. 30, 2017$ / sharesshares
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Number of Shares, Outstanding Options at Beginning of Period | shares	1,323,379
Number of Shares, Granted | shares	113,934
Number of Shares, Exercised | shares	(44,534)
Number of Shares, Cancelled | shares	(16,742)
Number of Shares, Outstanding Options at End of Period | shares	1,376,037
Number of Shares, Options Exercisable at End of Period | shares	970,765
Weighted Average Fair Value of Options Granted during the Period	$ 33.51
Weighted-Average Exercise Price, Outstanding Options at Beginning of Period	66.07
Weighted-Average Exercise Price, Granted	100.58
Weighted-Average Exercise Price, Exercised	28.59
Weighted-Average Exercise Price, Cancelled	78.05
Weighted-Average Exercise Price, Outstanding Options at End of Period	70
Weighted-Average Exercise Price, Options Exercisable at End of Period	$ 64.25

Stock Options Outstanding (Deta

Stock Options Outstanding (Detail)	3 Months Ended
	Jun. 30, 2017$ / sharesshares
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items]
Outstanding Options, Number of Shares Outstanding | shares	1,376,037
Outstanding Options, Weighted-Average Remaining Contractual Life	7 years 11 days
Outstanding Options, Weighted-Average Exercise Price	$ 70
Exercisable Options, Number of Shares Outstanding | shares	970,765
Exercisable Options, Weighted-Average Exercise Price	$ 64.25
$23.17 - $ 30.74 [Member]
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items]
Range of Exercise Prices, Lower Range	23.17
Range of Exercise Prices, Upper Range	$ 30.74
Outstanding Options, Number of Shares Outstanding | shares	107,435
Outstanding Options, Weighted-Average Remaining Contractual Life	3 years 4 months 20 days
Outstanding Options, Weighted-Average Exercise Price	$ 24.52
Exercisable Options, Number of Shares Outstanding | shares	107,435
Exercisable Options, Weighted-Average Exercise Price	$ 24.52
$33.43 - $ 37.34 [Member]
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items]
Range of Exercise Prices, Lower Range	33.43
Range of Exercise Prices, Upper Range	$ 37.34
Outstanding Options, Number of Shares Outstanding | shares	177,333
Outstanding Options, Weighted-Average Remaining Contractual Life	4 years 11 months 15 days
Outstanding Options, Weighted-Average Exercise Price	$ 33.88
Exercisable Options, Number of Shares Outstanding | shares	174,333
Exercisable Options, Weighted-Average Exercise Price	$ 33.82
$53.22 - $ 77.67 [Member]
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items]
Range of Exercise Prices, Lower Range	53.22
Range of Exercise Prices, Upper Range	$ 77.67
Outstanding Options, Number of Shares Outstanding | shares	426,216
Outstanding Options, Weighted-Average Remaining Contractual Life	7 years 3 months 22 days
Outstanding Options, Weighted-Average Exercise Price	$ 70.05
Exercisable Options, Number of Shares Outstanding | shares	270,173
Exercisable Options, Weighted-Average Exercise Price	$ 68.49
$79.73 - $ 106.00 [Member]
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items]
Range of Exercise Prices, Lower Range	79.73
Range of Exercise Prices, Upper Range	$ 106
Outstanding Options, Number of Shares Outstanding | shares	665,053
Outstanding Options, Weighted-Average Remaining Contractual Life	7 years 11 months 26 days
Outstanding Options, Weighted-Average Exercise Price	$ 86.94
Exercisable Options, Number of Shares Outstanding | shares	418,824
Exercisable Options, Weighted-Average Exercise Price	$ 84.36

Calculation of Basic and Dilute

Calculation of Basic and Diluted Common Shares Outstanding (Detail) - shares	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Earnings Per Share [Abstract]
Weighted-Average Shares of Common Stock Outstanding	48,121,890	48,014,195
Assumed Exercise of Outstanding Dilutive Options	1,259,741	1,039,189
Less: Shares Repurchased from Assumed Proceeds of Assumed Exercised Options	(928,723)	(715,139)
Restricted Shares	202,645	183,962
Weighted-Average Common and Common Equivalent Shares Outstanding	48,655,553	48,522,207
Shares Excluded Due to Anti-dilution Effects	63,359	692,219

Components of Net Periodic Cost

Components of Net Periodic Cost (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Compensation And Retirement Disclosure [Abstract]
Service Cost – Benefits Earned During the Period	$ 250	$ 222
Interest Cost of Benefit Obligations	396	399
Expected Return on Plan Assets	(401)	(416)
Recognized Net Actuarial Loss	428	425
Amortization of Prior-Service Cost	90	75
Net Periodic Pension Cost	$ 763	$ 705

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Income Tax [Line Items]
Effective tax rate	31.00%	33.00%
ASU 2016-09 [Member]
Income Tax [Line Items]
Recognition of excess tax benefits in provision for income taxes	$ 1

Long-Term Debt (Detail)

Long-Term Debt (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Mar. 31, 2017
Debt Instrument [Line Items]
Credit Facility	$ 200,000	$ 225,000
Total Debt	667,714	692,714
Less: Current Portion of Long-term Debt	(81,214)	(81,214)
Less: Debt Origination Costs	(6,079)	(6,247)
Total Long-term Debt	580,421	605,253
4.500% Senior Unsecured Notes Due 2026 [Member]
Debt Instrument [Line Items]
Total Debt	350,000	350,000
Private Placement Senior Unsecured Notes [Member]
Debt Instrument [Line Items]
Total Debt	$ 117,714	$ 117,714

Long-Term Debt (Parenthetical)

Long-Term Debt (Parenthetical) (Detail) - 4.500% Senior Unsecured Notes Due 2026 [Member]	3 Months Ended
	Jun. 30, 2017	Aug. 02, 2016
Debt Instrument [Line Items]
Debt instrument, interest rate	4.50%	4.50%
Debt instrument, maturity year	2,026

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail)	Aug. 02, 2016USD ($)	Oct. 31, 2014	Jun. 30, 2017USD ($)	Mar. 31, 2017USD ($)	Oct. 02, 2007USD ($)Loan	Nov. 15, 2005USD ($)Loan
Debt Instrument [Line Items]
Interest coverage ratio		250.00%
Unused line of credit commitment fee based on leverage ratio		0.10%
Borrowings outstanding under Credit Facility			$ 200,000,000	$ 225,000,000
Bank Credit Facility, borrowings available			290,600,000
Letter of Credit Facility			40,000,000
Letters of credit outstanding, amount			$ 9,400,000
Maximum [Member]
Debt Instrument [Line Items]
Consolidated funded indebtedness ratio		350.00%
Unused line of credit commitment fee based on leverage ratio		0.35%
London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt Instrument [Line Items]
Variable margin		1.00%
London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Debt Instrument [Line Items]
Variable margin		2.25%
Federal Funds Effective Swap Rate [Member] | Minimum [Member]
Debt Instrument [Line Items]
Variable margin		0.00%
Federal Funds Effective Swap Rate [Member] | Maximum [Member]
Debt Instrument [Line Items]
Variable margin		1.25%
4.500% Senior Unsecured Notes Due 2026 [Member]
Debt Instrument [Line Items]
Debt instrument, principal amount	$ 350,000,000
Debt instrument, interest rate	4.50%		4.50%
Debt instrument, maturity period	2026-08
4.500% Senior Unsecured Notes Due 2026 [Member] | Prior to August 1, 2019 [Member]
Debt Instrument [Line Items]
Redemption price, percentage	104.50%
4.500% Senior Unsecured Notes Due 2026 [Member] | On or After August 1, 2019 and Prior to August 1, 2021 [Member]
Debt Instrument [Line Items]
Redemption price, percentage	100.00%
4.500% Senior Unsecured Notes Due 2026 [Member] | Maximum [Member] | Prior to August 1, 2019 [Member]
Debt Instrument [Line Items]
Percentage of principal amount redeemable	40.00%
2005 Note Purchase Agreement [Member]
Debt Instrument [Line Items]
Senior Notes, sale						$ 200,000,000
Number of tranches | Loan						3
2005 Note Purchase Agreement [Member] | Series 2005A Tranche C [Member]
Debt Instrument [Line Items]
Debt instrument, principal amount			$ 57,200,000
Debt instrument, interest rate			5.48%
Senior Notes, payment terms			Interest for this tranche of Series 2005A Senior Unsecured Notes is payable semi-annually on May 15 and November 15 of each year until all principal is paid.
2007 Note Purchase Agreement [Member]
Debt Instrument [Line Items]
Interest coverage ratio			250.00%
Senior Notes, sale					$ 200,000,000
Number of tranches | Loan					4
Senior Notes, payment terms			Interest for each tranche of Notes is payable semi-annually April 2 and October 2 of each year until all principal is paid for the respective tranche.
Purchase agreement additional requirements			The 2007 Note Purchase Agreement requires us to maintain an interest coverage ratio (Consolidated EBITDA to Consolidated Interest Expense (calculated as consolidated EBITDA, as defined above, to consolidated interest expense)) of at least 2.50:1.00. In addition, the 2007 Note Purchase Agreement requires the Company to ensure that at all times either (i) Consolidated Total Assets equal at least 80% of the consolidated total assets of the Company and its Subsidiaries, determined in accordance with GAAP, or (ii) consolidated total revenues of the Company and its Restricted Subsidiaries for the period of four consecutive fiscal quarters most recently ended equals at least 80% of the consolidated total revenues of the Company and its Subsidiaries during such period.
2007 Note Purchase Agreement [Member] | Minimum [Member]
Debt Instrument [Line Items]
Percentage of consolidated assets require to maintain			80.00%
Percentage of consolidated revenues require to maintain			80.00%
Private Placement Note Purchase Agreement [Member] | Maximum [Member]
Debt Instrument [Line Items]
Consolidated funded indebtedness ratio			350.00%
Private Placement Senior Unsecured Notes [Member]
Debt Instrument [Line Items]
Senior Notes, permitted minimum aggregate principal amount prepayment without penalty			10.00%
Percentage of face value to be paid if notes are prepaid			100.00%
Senior Notes, calculation of make-whole amount, description			Discounting the remaining scheduled payments of interest and principal of the Private Placement Senior Unsecured Notes being prepaid at a discount rate equal to the sum of 50 basis
Discount on Senior Notes principal and interest			0.50%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Credit Facility, principal balance			$ 500,000,000
Credit Facility, termination date			Aug. 2, 2021
Credit Facility, interest rate description			At the option of the Company, outstanding principal amounts on the Credit Facility bear interest at a variable rate equal to (i) The London Interbank Offered Rate (“LIBOR”) for the selected period, plus an applicable rate (ranging from 100 to 225 basis points), which is to be established quarterly based upon the Company’s ratio of consolidated EBITDA, defined as earnings before interest, taxes, depreciation and amortization, to the Company’s consolidated indebtedness (the “Leverage Ratio”), or (ii) an alternative base rate which is the higher of (a) the prime rate or (b) the federal funds rate plus 1⁄2% per annum plus an applicable rate (ranging from 0 to 125 basis points). Interest payments are payable, in the case of loans bearing interest at a rate based on the federal funds rate, quarterly, or in the case of loans bearing interest at a rate based on LIBOR, at the end of the applicable interest period. The Company is also required to pay a commitment fee on unused available borrowings under the Credit Facility ranging from 10 to 35 basis points depending upon the Leverage Ratio.
Revolving Credit Facility [Member] | Swingline Loan [Member]
Debt Instrument [Line Items]
Credit Facility, principal balance			$ 25,000,000
Line of Credit | Federal Funds Effective Swap Rate [Member] | Maximum [Member]
Debt Instrument [Line Items]
Variable margin		0.50%
Letter of Credit [Member]
Debt Instrument [Line Items]
Bank Credit Facility, one-time fee			0.125%

Schedule of Senior Unsecured No

Schedule of Senior Unsecured Notes Redemption Prices (Detail) - 4.500% Senior Unsecured Notes Due 2026 [Member]	3 Months Ended
	Jun. 30, 2017
2021 [Member]
Debt Instrument Redemption [Line Items]
Redemption price, percentage	102.25%
2022 [Member]
Debt Instrument Redemption [Line Items]
Redemption price, percentage	101.50%
2023 [Member]
Debt Instrument Redemption [Line Items]
Redemption price, percentage	100.75%
2024 and Thereafter [Member]
Debt Instrument Redemption [Line Items]
Redemption price, percentage	100.00%

Amount Outstanding of Tranches

Amount Outstanding of Tranches - Two Thousand Five Note Purchase Agreement (Detail) - 2005 Note Purchase Agreement [Member] - Series 2005A Tranche C [Member] $ in Millions	3 Months Ended
	Jun. 30, 2017USD ($)
Debt Instrument [Line Items]
Principal	$ 57.2
Maturity Date	Nov. 15, 2017
Interest Rate	5.48%

Amount Outstanding of Tranche61

Amount Outstanding of Tranches - Two Thousand Seven Note Purchase Agreement (Detail) - 2007 Note Purchase Agreement [Member] $ in Millions	3 Months Ended
	Jun. 30, 2017USD ($)
Series 2007A Tranche C [Member]
Debt Instrument [Line Items]
Principal	$ 24
Maturity Date	Oct. 2, 2017
Interest Rate	6.36%
Series 2007A Tranche D [Member]
Debt Instrument [Line Items]
Principal	$ 36.5
Maturity Date	Oct. 2, 2019
Interest Rate	6.48%

Segment Information - Additiona

Segment Information - Additional Information (Detail)	3 Months Ended
	Jun. 30, 2017LocationFacilityTerminalPlantSegmentJointVentures
Segment Reporting Information [Line Items]
Number of operating business segments | Segment	5
Cement plant locations | Location	7
Slag grinding facility | Facility	1
Cement distribution terminals | Terminal	17
Gypsum wallboard plants | Plant	5
Readymix concrete batch plant | Plant	17
Aggregates processing plant | Plant	4
Number of frac sand processing facilities | Facility	2
Number of frac sand drying facilities | Facility	3
Number of frac sand trans-load locations | Location	6
Proportionate consolidation of share of Joint Venture's revenues and operating earnings	50.00%
Cement [Member]
Segment Reporting Information [Line Items]
Number of Joint Venture | JointVentures	1

Financial Information Related t

Financial Information Related to Operations by Segment (Detail) $ in Thousands	3 Months Ended
	Jun. 30, 2017USD ($)T	Jun. 30, 2016USD ($)T	Mar. 31, 2017USD ($)
Segment Reporting Information [Line Items]
Revenues	$ 366,121	$ 297,504
Net Revenues, including Joint Venture	394,291	322,392
Less: Joint Venture	(28,170)	(24,888)
Operating Earnings	96,692	81,010
Corporate General and Administrative	(9,679)	(9,833)
Earnings Before Interest and Income Taxes	87,013	71,177
Interest Expense, Net	(7,483)	(3,901)
Earnings Before Income Taxes	79,530	67,276
Capital Expenditures	16,160	8,978
Depreciation, Depletion and Amortization	28,947	22,863
Identifiable Assets	2,279,590		$ 2,247,124
Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	416,990	340,716
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues	(22,699)	(18,324)
Other, net [Member]
Segment Reporting Information [Line Items]
Operating Earnings	757	1,075
Capital Expenditures	45
Depreciation, Depletion and Amortization	369	457
Cement [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	$ 182,935	$ 144,792
Cement Sales Volume | T	1,511	1,251
Operating Earnings	$ 43,181	$ 31,600
Capital Expenditures	7,718	5,245
Depreciation, Depletion and Amortization	12,479	$ 8,611
Identifiable Assets	$ 1,263,484		1,234,617
Cement [Member] | Operating Segments [Member] | Joint Venture [Member]
Segment Reporting Information [Line Items]
Cement Sales Volume | T	243	218
Operating Earnings	$ 9,876	$ 7,980
Cement [Member] | Operating Segments [Member] | Wholly-Owned [Member]
Segment Reporting Information [Line Items]
Cement Sales Volume | T	1,268	1,033
Operating Earnings	$ 33,305	$ 23,620
Cement [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues	(4,929)	(3,535)
Gypsum Wallboard [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	126,813	113,262
Operating Earnings	43,821	39,336
Capital Expenditures	5,642	1,328
Depreciation, Depletion and Amortization	4,442	4,762
Identifiable Assets	377,562		379,414
Paperboard [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	44,413	42,815
Operating Earnings	4,938	11,227
Capital Expenditures	764	1,304
Depreciation, Depletion and Amortization	2,137	2,100
Identifiable Assets	126,583		124,356
Paperboard [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues	(17,357)	(14,506)
Oil and Gas Proppants [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	18,910	5,096
Operating Earnings	(2,026)	(5,912)
Capital Expenditures	579	57
Depreciation, Depletion and Amortization	7,606	5,184
Identifiable Assets	373,964		376,306
Concrete and Aggregates [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	43,919	34,751
Operating Earnings	6,021	3,684
Capital Expenditures	1,412	1,044
Depreciation, Depletion and Amortization	1,914	1,749
Identifiable Assets	110,575		110,413
Concrete and Aggregates [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues	(413)	$ (283)
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Identifiable Assets	$ 27,422		$ 22,018

Segment Breakdown of Goodwill (

Segment Breakdown of Goodwill (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Mar. 31, 2017
Segment Reporting Information [Line Items]
Goodwill	$ 198,370	$ 198,370
Cement [Member]
Segment Reporting Information [Line Items]
Goodwill	74,214	74,214
Gypsum Wallboard [Member]
Segment Reporting Information [Line Items]
Goodwill	116,618	116,618
Paperboard [Member]
Segment Reporting Information [Line Items]
Goodwill	$ 7,538	$ 7,538

Summarized Financial Informatio

Summarized Financial Information for Joint Venture Unconsolidated (Detail) - Joint Venture [Member] - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Mar. 31, 2017
Related Party Transaction [Line Items]
Revenues	$ 56,340	$ 49,776
Gross Margin	21,312	17,337
Earnings Before Income Taxes	19,917	$ 16,138
Current Assets	75,940		$ 73,767
Non-Current Assets	47,184		42,337
Current Liabilities	$ 18,944		$ 22,293

Interest Expense, Net (Detail)

Interest Expense, Net (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Interest Income (Expense), Net [Abstract]
Interest (Income)	$ (3)
Interest Expense	7,176	$ 3,749
Other Expenses	310	152
Interest Expense, net	$ 7,483	$ 3,901

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($)	Jul. 28, 2016	Jun. 16, 2016	Jan. 31, 2017	Jun. 30, 2017	Mar. 31, 2014
Commitments And Contingencies [Line Items]
Letters of credit outstanding, amount				$ 9,400,000
Outstanding guarantees				0
Contingently liable for performance, current				$ 20,100,000
USG Corporation and United States Gypsum [Member]
Commitments And Contingencies [Line Items]
Litigation settlement amount					$ 48,000,000
Temple Inland Inc. [Member]
Commitments And Contingencies [Line Items]
Litigation settlement amount					$ 7,000,000
Lafarge North America [Member] | Direct Purchaser Class [Member]
Commitments And Contingencies [Line Items]
Litigation settlement amount		$ 23,000,000
Lafarge North America [Member] | Indirect Purchaser Class [Member]
Commitments And Contingencies [Line Items]
Litigation settlement amount	$ 5,200,000
NCC [Member]
Commitments And Contingencies [Line Items]
Payment of penalty to reduce nitrous oxide emissions			$ 600,000
Installation of emission control equipment and vehicle replacement period			2 years
Anticipated cost of investment for new emission control equipment and vehicles			$ 3,000,000
EPA notice of violation description				In January 2017, NCC entered into a Consent Decree in which NCC agreed to install at its Fernley, Nevada plant certain emission control equipment (selective non-catalytic reduction) to reduce nitrous oxide emissions and to pay a penalty of $0.6 million. NCC also agreed to replace two existing vehicles with two new vehicles with more efficient Tier 4 engines. Under the terms of the Consent Decree, NCC will complete the installation of the emission control equipment and vehicle replacement in approximately 2 years. It is anticipated that the investment in the new emission control equipment and vehicles will cost approximately $3.0 million. In the Consent Decree NCC denies all allegations set forth in the NOVs and the Complaint which is to be filed simultaneously with the entry of the Consent Decree, and the Consent Decree resolves all such claims by the government. The Consent Decree was signed by the EPA and the US Department of Justice and lodged in US District Court for the District of Nevada in May 2017. The consent decree is subject to approval of the Court after a 30-day public comment period.

Fair Value of Senior Notes (Det

Fair Value of Senior Notes (Detail) $ in Thousands	Jun. 30, 2017USD ($)
Series 2005A Tranche C [Member]
Fair Value Of Financial Instruments [Line Items]
Fair Value of Senior Notes	$ 57,754
Series 2007A Tranche C [Member]
Fair Value Of Financial Instruments [Line Items]
Fair Value of Senior Notes	24,212
Series 2007A Tranche D [Member]
Fair Value Of Financial Instruments [Line Items]
Fair Value of Senior Notes	38,887
4.5% Senior Unsecured Notes Due 2026 [Member]
Fair Value Of Financial Instruments [Line Items]
Fair Value of Senior Notes	$ 361,900

Fair Value of Senior Notes (Par

Fair Value of Senior Notes (Parenthetical) (Detail) - 4.5% Senior Unsecured Notes Due 2026 [Member]	3 Months Ended
	Jun. 30, 2017
Fair Value Of Financial Instruments [Line Items]
Debt instrument, interest rate	4.50%
Debt instrument, maturity year	2,026

Condensed Consolidating Stateme

Condensed Consolidating Statement of Earnings and Comprehensive Earnings (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Revenues	$ 366,121	$ 297,504
Cost of Goods Sold	280,062	225,549
Gross Profit	86,059	71,955
Equity in Earnings of Unconsolidated Joint Venture	9,876	7,980
Corporate General and Administrative Expenses	(9,679)	(9,833)
Other Income (Loss)	757	1,075
Interest Expense, Net	(7,483)	(3,901)
Earnings Before Income Taxes	79,530	67,276
Income Taxes	(24,648)	(21,932)
Net Earnings	54,882	45,344
Net Actuarial Change in Benefit Plans, net of tax	197	312
Comprehensive Earnings	55,079	45,656
Eliminations [Member]
Equity in Earnings of Unconsolidated Joint Venture	(9,876)	(7,980)
Equity in Earnings of Subsidiaries	(68,173)	(49,703)
Earnings Before Income Taxes	(78,049)	(57,683)
Net Earnings	(78,049)	(57,683)
Net Actuarial Change in Benefit Plans, net of tax	(197)	(312)
Comprehensive Earnings	(78,246)	(57,995)
Parent [Member]
Equity in Earnings of Unconsolidated Joint Venture	9,876	7,980
Equity in Earnings of Subsidiaries	68,173	49,703
Corporate General and Administrative Expenses	(8,648)	(8,231)
Other Income (Loss)	(167)	(77)
Interest Expense, Net	(12,962)	(10,011)
Earnings Before Income Taxes	56,272	39,364
Income Taxes	8,487	5,980
Net Earnings	64,759	45,344
Net Actuarial Change in Benefit Plans, net of tax	197	312
Comprehensive Earnings	64,956	45,656
Guarantor Subsidiaries [Member]
Revenues	366,121	297,504
Cost of Goods Sold	280,062	225,549
Gross Profit	86,059	71,955
Equity in Earnings of Unconsolidated Joint Venture	9,876	7,980
Corporate General and Administrative Expenses	(1,031)	(1,602)
Other Income (Loss)	924	1,152
Interest Expense, Net	5,479	6,110
Earnings Before Income Taxes	101,307	85,595
Income Taxes	(33,135)	(27,912)
Net Earnings	68,172	57,683
Net Actuarial Change in Benefit Plans, net of tax	197	312
Comprehensive Earnings	$ 68,369	$ 57,995

Condensed Consolidating Balance

Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Mar. 31, 2017	Jun. 30, 2016	Mar. 31, 2016
Current Assets -
Cash and Cash Equivalents	$ 12,233	$ 6,561	$ 9,180	$ 5,391
Accounts and Notes Receivable	175,002	136,313
Inventories	244,886	252,846
Prepaid and Other Current Assets	8,181	4,904
Total Current Assets	440,302	400,624
Property, Plant and Equipment -	2,454,800	2,439,438
Less: Accumulated Depreciation	(919,732)	(892,601)
Property, Plant and Equipment, net	1,535,068	1,546,837
Notes Receivable	653	815
Investment in Joint Venture	53,750	48,620
Goodwill and Intangible Assets, net	234,707	235,505
Other Assets	15,110	14,723
Total Assets	2,279,590	2,247,124
Current Liabilities -
Accounts Payable	78,763	92,193
Accrued Liabilities	53,288	55,379
Income Tax Payable	26,462	733
Current Portion of Long-term Debt	81,214	81,214
Total Current Liabilities	239,727	229,519
Long-term Debt	580,421	605,253
Other Long-term Liabilities	42,026	42,878
Deferred Income Taxes	162,329	166,024
Total Liabilities	1,024,503	1,043,674
Total Stockholders’ Equity	1,255,087	1,203,450
Liabilities and Stockholders' Equity, Total	2,279,590	2,247,124
Eliminations [Member]
Current Assets -
Income Tax Receivable	(10,252)	(33,196)
Total Current Assets	(10,252)	(33,196)
Investments in Subsidiaries and Receivables from Affiliates	(8,539,710)	(8,378,598)
Total Assets	(8,549,962)	(8,411,794)
Current Liabilities -
Income Tax Payable	(10,252)	(33,196)
Total Current Liabilities	(10,252)	(33,196)
Payables to Affiliates	(6,170,959)	(6,078,019)
Total Liabilities	(6,181,211)	(6,111,215)
Total Stockholders’ Equity	(2,368,751)	(2,300,579)
Liabilities and Stockholders' Equity, Total	(8,549,962)	(8,411,794)
Parent [Member]
Current Assets -
Cash and Cash Equivalents	10,682	5,184	4,208	3,507
Accounts and Notes Receivable	399	422
Income Tax Receivable	10,252	33,196
Prepaid and Other Current Assets	689	484
Total Current Assets	22,022	39,286
Property, Plant and Equipment -	2,925	2,914
Less: Accumulated Depreciation	(968)	(937)
Property, Plant and Equipment, net	1,957	1,977
Investment in Joint Venture	56	51
Investments in Subsidiaries and Receivables from Affiliates	5,230,160	5,126,289
Other Assets	5,605	5,687
Total Assets	5,259,800	5,173,290
Current Liabilities -
Accounts Payable	6,139	6,687
Accrued Liabilities	21,225	21,043
Income Tax Payable		733
Current Portion of Long-term Debt	81,214	81,214
Total Current Liabilities	108,578	109,677
Long-term Debt	580,421	605,253
Other Long-term Liabilities	173	189
Payables to Affiliates	3,309,550	3,252,309
Deferred Income Taxes	5,991	2,412
Total Liabilities	4,004,713	3,969,840
Total Stockholders’ Equity	1,255,087	1,203,450
Liabilities and Stockholders' Equity, Total	5,259,800	5,173,290
Guarantor Subsidiaries [Member]
Current Assets -
Cash and Cash Equivalents	1,551	1,377	$ 4,972	$ 1,884
Accounts and Notes Receivable	174,603	135,891
Inventories	244,886	252,846
Prepaid and Other Current Assets	7,492	4,420
Total Current Assets	428,532	394,534
Property, Plant and Equipment -	2,451,875	2,436,524
Less: Accumulated Depreciation	(918,764)	(891,664)
Property, Plant and Equipment, net	1,533,111	1,544,860
Notes Receivable	653	815
Investment in Joint Venture	53,694	48,569
Investments in Subsidiaries and Receivables from Affiliates	3,309,550	3,252,309
Goodwill and Intangible Assets, net	234,707	235,505
Other Assets	9,505	9,036
Total Assets	5,569,752	5,485,628
Current Liabilities -
Accounts Payable	72,624	85,506
Accrued Liabilities	32,063	34,336
Income Tax Payable	36,714	33,196
Total Current Liabilities	141,401	153,038
Other Long-term Liabilities	41,853	42,689
Payables to Affiliates	2,861,409	2,825,710
Deferred Income Taxes	156,338	163,612
Total Liabilities	3,201,001	3,185,049
Total Stockholders’ Equity	2,368,751	2,300,579
Liabilities and Stockholders' Equity, Total	$ 5,569,752	$ 5,485,628

Condensed Consolidating State72

Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net Cash Provided by (Used in) Operating Activities	$ 53,670	$ 54,083
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to Property, Plant and Equipment	(16,160)	(8,978)
Net Cash Used in Investing Activities	(16,160)	(8,978)
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of Credit Facility	(25,000)	(9,000)
Dividends Paid to Stockholders	(4,853)	(4,828)
Purchase and Retirement of Common Stock	(1,880)	(39,135)
Proceeds from Stock Option Exercises	1,273	10,632
Shares Redeemed to Settle Employee Taxes on Stock Compensation	(1,378)	(2,284)
Excess Tax Benefits from Share Based Payment Arrangements		3,299
Net Cash Used in Financing Activities	(31,838)	(41,316)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	5,672	3,789
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	6,561	5,391
CASH AND CASH EQUIVALENTS AT END OF PERIOD	12,233	9,180
Parent [Member]
CASH FLOWS FROM OPERATING ACTIVITIES
Net Cash Provided by (Used in) Operating Activities	16,506	(35,457)
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of Credit Facility	(25,000)	(9,000)
Dividends Paid to Stockholders	(4,853)	(4,828)
Purchase and Retirement of Common Stock	(1,880)	(39,135)
Proceeds from Stock Option Exercises	1,273	10,632
Shares Redeemed to Settle Employee Taxes on Stock Compensation	(1,378)	(2,284)
Excess Tax Benefits from Share Based Payment Arrangements		3,299
Intra-entity Activity, net	20,830	77,474
Net Cash Used in Financing Activities	(11,008)	36,158
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	5,498	701
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	5,184	3,507
CASH AND CASH EQUIVALENTS AT END OF PERIOD	10,682	4,208
Guarantor Subsidiaries [Member]
CASH FLOWS FROM OPERATING ACTIVITIES
Net Cash Provided by (Used in) Operating Activities	37,164	89,540
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to Property, Plant and Equipment	(16,160)	(8,978)
Net Cash Used in Investing Activities	(16,160)	(8,978)
CASH FLOWS FROM FINANCING ACTIVITIES
Intra-entity Activity, net	(20,830)	(77,474)
Net Cash Used in Financing Activities	(20,830)	(77,474)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	174	3,088
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	1,377	1,884
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 1,551	$ 4,972