OTHER CHARGES (INCOME), NET

12 Months Ended

Mar. 31, 2020

Other Income and Expenses [Abstract]

Other charges (income), net for the fiscal years ended March 31, 2020, 2019 and 2018 are primarily composed of the following:



	Fiscal Year Ended March 31
	2020		2019			2018
	(In thousands)
Gain on deconsolidation of subsidiary (1)	$	—	$	(87,348	)	$	(151,574	)
Gain on sale of non-strategic business (2)	—		—			(38,689		)
Investment impairments and dispositions (3)	97,691		193,063			21,895


(1)	During fiscal year 2019, the Company recognized other income of approximately $87 million from the deconsolidation of Bright Machines. 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 deconsolidations of Bright Machines and Elementum.


(2)	The Company recognized other income of $38.7 million from the sale of a non-strategic cost basis investment during fiscal year 2018.

(3)

During fiscal year 2020, and in connection with the Company’s ongoing assessment of its investment portfolio strategy, the Company concluded that the carrying amounts of certain non-core investments were other than temporarily impaired and recognized a $97.7 million total impairment charge (See note 2 for additional information). During fiscal year 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. The Company recognized $21.9 million of impairment during fiscal year 2018 for certain non-core investments.