XML 31 R17.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Other Charges, Net
12 Months Ended
Mar. 31, 2011
Other Charges, Net  
Other Charges, Net

10.  OTHER CHARGES, NET

 

During fiscal year 2011, the Company recognized charges totaling $6.3 million, consisting of the $13.2 million loss associated with the early redemption of the 6.25% Senior Subordinated Notes and an $11.7 million loss in connection with the divestiture of certain international entities.  Refer to Note 4, "Bank Borrowings and Long-Term Debt" and Note 11, "Business and Asset Acquisitions and Divestitures," respectively, for further discussion. These charges were partially offset by a gain of $18.6 million associated with the sale of an equity investment that was previously fully impaired.  Refer to Note 2, "Summary of Accounting Policies" for further discussion.

 

During fiscal year 2010, the Company recognized impairment charges totaling approximately $199.4 million related to our equity investments and notes receivable.  Refer to Note 2, "Summary of Accounting Policies" for further discussion. 

 

During fiscal year 2009, the Company recognized approximately $74.1 million in charges to write-down certain notes receivable from an affiliate to the expected recoverable amount, and $37.5 million in charges for the other-than-temporary impairment of certain of the Company's investments in companies that were experiencing significant financial and liquidity difficulties. These charges were partially offset by a gain of approximately $22.3 million associated with the partial extinguishment of the Company's 1% Convertible Subordinated Notes due August 1, 2010.  Refer to Note 4, "Bank Borrowings and Long-Term Debt" for additional information.