Debtor Financial Statements

6 Months Ended

Sep. 30, 2013

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

DEBTOR FINANCIAL STATEMENTS

DEBTOR FINANCIAL STATEMENTS

The financial statements below represent the financial statements of the Debtor only. The financial statements reflect the results of operations, financial position and cash flows of the Debtor, including certain amounts and activities between Debtor and non-Debtor subsidiaries of the Company, which are eliminated in the Consolidated Financial Statements.

Debtors' Statements of Operations

	Three Months Ended			Six Months Ended
	September 30, 2013			September 30, 2013
	(In thousands)
Net sales	$	296,236		$	583,830
Cost of sales	255,152			517,920
Gross profit	41,084			65,910
Selling and administrative expenses	38,200			78,706
Restructuring and impairments, net	2,298			9,931
Operating income (loss)	586			(22,727		)
Other income, net	(5,771		)	(28,688		)
Loss in net earnings of subsidiaries	2,093			33,410
Interest expense, net	26,028			44,175
Loss before reorganization items, net	(21,764		)	(71,624		)
Reorganization items, net	18,397			57,465
Loss before income taxes	(40,161		)	(129,089		)
Income tax provision	14			2,221
Net loss attributable to Debtor	$	(40,175	)	$	(131,310	)

Debtors' Balance Sheet

	September 30, 2013
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	33,347
Accounts receivable, net	136,538
Non-Debtor receivables	53,610
Inventories	207,820
Prepaid expenses and other current assets	49,597
Total current assets	480,912
Property, plant and equipment, net	236,917
Other assets:
Investments in non-Debtor subsidiaries	403,645
Non-Debtor loans	258,660
Other noncurrent assets	108,061
Total other assets	770,366
Total assets	$	1,488,195
LIABILITIES AND DEBTORS' EQUITY
Current liabilities:
Current maturities of long-term debt	$	284,625
Accounts payable and accrued expenses	111,457
Total current liabilities	396,082
Other noncurrent liabilities	85,277
Liabilities not subject to compromise	481,359
Liabilities subject to compromise	964,225
DEBTORS' EQUITY
Total Debtors' equity	42,611
Total liabilities and Debtors' equity	$	1,488,195

Debtors' Statements of Cash Flows

	Six Months Ended
	September 30, 2013
	(In thousands)
Cash Flows From Operating Activities:
Net cash used in operating activities	$	(217,406	)
Cash Flows From Investing Activities:
Capital expenditures	(14,410		)
Proceeds from asset sales	12
Net cash used in investing activities	(14,398		)
Cash Flows From Financing Activities:
Increase in other debt	267,207
Financing fees and other	(28,475		)
Net cash provided by financing activities	238,732
Net increase in cash and cash equivalents	6,928
Cash and cash equivalents, beginning of period	26,419
Cash and cash equivalents, end of period	$	33,347