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Equity Method Investments and Related-Party Transactions (Tables)
 12 Months Ended
Mar. 31, 2019
Equity Method Investments And Related Party Transactions [Abstract]  
The Difference Between Carrying Value of Investment in Euro Infrastructure Co. and Proportionate Share of Net Assets of Euro Infrastructure Co.

The difference between the Company’s carrying value of its investment in Euro Infrastructure Co. and its proportionate share of the net assets of Euro Infrastructure Co. as of March 31, 2019 and March 31, 2018 is summarized as follows:

 

 

 

As of March 31, 2019

 

 

As of March 31, 2018

 

 

 

(In thousands)

 

Carrying value of investment in Euro Infrastructure Co.

 

$

160,711

 

 

$

163,835

 

Less: proportionate share of net assets of Euro Infrastructure Co.

 

 

145,016

 

 

 

147,115

 

Excess carrying value of investment over proportionate share of net assets

 

$

15,695

 

 

$

16,720

 

The excess carrying value has been primarily assigned to:

 

 

 

 

 

 

 

 

Goodwill

 

$

22,476

 

 

$

23,523

 

Identifiable intangible assets

 

 

10,670

 

 

 

12,839

 

Tangible assets

 

 

(18,522

)

 

 

(21,342

)

Deferred income taxes

 

 

1,071

 

 

 

1,700

 

 

 

$

15,695

 

 

$

16,720

 
Schedule of Related Party Transactions The following tables set forth the material related-party transactions entered into between Euro Infrastructure Co. and its subsidiaries, or Ducommon Inc. (inventory procurement) on the one hand, and the Company and its subsidiaries, on the other hand, in the ordinary course of business for the time periods presented:

 

 

 

Fiscal Years Ended

 

 

 

March 31,

2019

 

 

March 31,

2018

 

 

March 31,

2017

 

 

 

(In thousands)

 

Revenue – Euro Infrastructure Co.

 

$

8,365

 

 

$

9,277

 

 

$

*

 

Expense – Euro Infrastructure Co.

 

 

14,302

 

 

 

7,134

 

 

*

 

Cash received – Euro Infrastructure Co.

 

 

11,276

 

 

 

7,460

 

 

*

 

Cash paid – Euro Infrastructure Co.

 

 

15,191

 

 

 

7,040

 

 

*

 

Cash paid – Ducommun Inc.

 

 

20,059

 

 

**

 

 

**

 

 

 

 

As of

March 31, 2019

 

 

As of

March 31, 2018

 

 

 

(In thousands)

 

Accounts receivable – Euro Infrastructure Co.

 

$

*

 

 

$

3,307

 

Collections in excess of revenues and deferred revenues – Euro Infrastructure Co.

 

 

4,703

 

 

 

3,246

 

Accounts payable  – Ducommun Inc.

 

*

 

 

 

2,073

 

 

*

Amount was insignificant.

**

There was no related-party activity for the periods indicated.