OTHER CHARGES (INCOME), NET

12 Months Ended

Mar. 31, 2019

Other Income and Expenses [Abstract]

Other charges (income), net for the fiscal years ended March 31, 2019, 2018 and 2017 are primarily composed of the following:



	Fiscal Year Ended March 31
	2019			2018			2017
	(In thousands)
Gain on deconsolidation of subsidiary (1)	$	(87,348	)	$	(151,574	)	$	—
(Gain) loss on sale of non-strategic business (2)	—			(38,689		)	7,400
Investment impairments and dispositions (3)	193,063			21,895			—


(1)	During fiscal year ended March 31, 2019 the Company recognized other income of approximately $87 million from the deconsolidation of Bright Machines (formally known as AutoLab AI). The fiscal year ended March 31, 2018 includes a $151.6 million gain from the deconsolidation of Elementum. See note 2 for additional information on the deconsolidation of Bright Machines and Elementum.


(2)	The Company recognized other income of $38.7 million from the sale of Wink during fiscal year 2018. See note 2 for additional information on the sale of Wink. Fiscal year 2017 includes a $7.4 million loss attributable to a non-strategic facility sold during the second quarter of that year.

(3)

During fiscal year ended March 31, 2019 the Company recognized investment impairments of $193.1 million, under other charges, which is primarily driven by an $84 million impairment in its investment in Elementum, coupled with a $76 million loss for the portion of its investment in an unrelated third-party venture backed company, also determined to be impaired. See note 2 for additional information on the impairments. The Company recognized $21.9 million of impairment during fiscal year 2018 for certain non-core investments.