Item 6. SELECTED FINANCIAL DATA
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Item 6. SELECTED FINANCIAL DATA
| Years Ended March 31, | ||||||||||||||||||||||||||||||||
| (in thousands, except per share data) | 2021 (1) | 2020 (1) (3) | 2019 (2) (3) | 2018 (2) (3) | 2017 (2) (3) | |||||||||||||||||||||||||||
| Statements of Income Data: | ||||||||||||||||||||||||||||||||
| Revenues | $ | 3,107,519 | $ | 3,030,895 | $ | 2,782,170 | $ | 2,619,996 | $ | 2,612,756 | ||||||||||||||||||||||
| Gross profit | 1,343,100 | 1,319,996 | 1,174,986 | 1,092,746 | 1,026,213 | |||||||||||||||||||||||||||
| Restructuring expenses | (2,914) | 673 | 30,987 | 103 | 215 | |||||||||||||||||||||||||||
| Income from continuing operations | 548,368 | 537,046 | 411,024 | 399,883 | 226,206 | |||||||||||||||||||||||||||
| Income taxes | 120,663 | 90,895 | 64,283 | 63,360 | 74,015 | |||||||||||||||||||||||||||
| Net income attributable to shareholders | 397,400 | 407,659 | 303,721 | 290,915 | 109,965 | |||||||||||||||||||||||||||
| Basic income per ordinary share: | ||||||||||||||||||||||||||||||||
| Net income | $ | 4.66 | $ | 4.81 | $ | 3.59 | $ | 3.42 | $ | 1.29 | ||||||||||||||||||||||
| Shares used in computing net income per ordinary share – basic | 85,203 | 84,778 | 84,577 | 85,028 | 85,473 | |||||||||||||||||||||||||||
| Diluted income per ordinary share: | ||||||||||||||||||||||||||||||||
| Net income | $ | 4.63 | $ | 4.76 | $ | 3.55 | $ | 3.39 | $ | 1.28 | ||||||||||||||||||||||
| Shares used in computing net income per ordinary share – diluted | 85,898 | 85,641 | 85,468 | 85,713 | 86,094 | |||||||||||||||||||||||||||
| Dividends per ordinary share | $ | 1.57 | $ | 1.45 | $ | 1.33 | $ | 1.21 | $ | 1.09 | ||||||||||||||||||||||
| Balance Sheets Data: | ||||||||||||||||||||||||||||||||
| Working capital | $ | 633,834 | $ | 720,429 | $ | 603,751 | $ | 591,195 | $ | 636,219 | ||||||||||||||||||||||
| Total assets | 6,574,471 | 5,440,867 | 5,088,283 | 5,200,334 | 4,924,455 | |||||||||||||||||||||||||||
| Long-term indebtedness | 1,650,540 | 1,150,521 | 1,183,227 | 1,316,001 | 1,478,361 | |||||||||||||||||||||||||||
| Total liabilities | 2,683,003 | 2,022,657 | 1,891,054 | 1,983,034 | 2,114,422 | |||||||||||||||||||||||||||
| Total shareholders’ equity | 3,880,990 | 3,405,362 | 3,189,242 | 3,205,960 | 2,798,602 |
(1) See “Management’s Discussion and Analysis of Financial Condition and Results of Operations.”
(2) As a result of our adoption of ASU 2017-07, prior year amounts on our Consolidated Statements of Income have been reclassified to retroactively apply the components of the net periodic benefit cost of our defined benefit pension plans and our other post-retirements benefit plan.
(3) The table reflects the change in accounting principle from the last-in, first-out method to the first-in, first-out method of accounting for inventory for fiscal years 2020 and 2019. Fiscal years 2018 and 2017 have not been adjusted to reflect the change. For more information see Note 1 titled, "Nature of Operations and Summary of Significant Accounting Policies" of the notes to the consolidated financial statements.
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