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Other Income and Expense (Tables)
 12 Months Ended
Mar. 31, 2016
Other Income and Expense [Abstract]  
Other income and expense
Other income and expense consisted of the following:

  
Years ended March 31,
  
2016
 
2015
 
2014
Equity in earnings of non-consolidated affiliate
 
$
0.1
  
$
0.6
  
$
0.7
 
Interest income
  
0.4
   
0.5
   
0.5
 
Foreign currency transactions (a)
  
(1.3
)
  
(0.9
)
  
(2.0
)
Gain from insurance recovery (b)
  
9.5
   
-
   
-
 
Total other income (expense) - net
 
$
8.7
  
$
0.2
  
$
(0.8
)
 
 (a)Foreign currency transactions primarily consist of foreign currency transaction gains and losses on the re-measurement or settlement of foreign currency-denominated assets and liabilities, including intercompany loans and transactions denominated in a foreign currency, along with gains and losses on foreign currency exchange contracts.
 (b)During fiscal 2016, the Company settled an insurance claim related to machinery and equipment destroyed in a fire at its Airedale facility and recorded a gain of $9.5 million.  See Note 2 for additional information.