Business And Asset Acquisitions And Divestitures

12 Months Ended

Mar. 31, 2012

Business And Asset Acquisitions And Divestitures [Abstract]

Business And Asset Acquisitions And Divestitures

15. BUSINESS AND ASSET ACQUISITIONS AND DIVESTITURES

Business Acquisitions

     The business and asset acquisitions described below were accounted for using the purchase method of accounting, and accordingly, the fair value of the net assets acquired and the results of the acquired businesses were included in the Company's consolidated financial statements from the acquisition dates forward. The Company has not finalized the allocation of the consideration for certain of its recently completed acquisitions and expects to complete these allocations within one year of the respective acquisition dates.

     During the year ended March 31, 2012, the Company completed three acquisitions that were not individually, nor in the aggregate significant to the Company's financial position, results of operations and cash flows. The aggregate cash paid for these acquisitions together with cash paid for contingent consideration related to certain prior period acquisitions during the year ended March 31, 2012 totaled approximately $92.3 million, net of cash acquired. The acquired businesses expanded the Company's capabilities in the communications market. The Company primarily acquired inventory and certain other manufacturing assets and recorded goodwill of $8.6 million and customer contract intangibles of $3.9 million in connection with the acquisitions. Contingent considerations and provisional fair value adjustments for acquisitions completed in fiscal year 2012 are subject to change as certain information as of the date of the respective acquisition is evaluated during the measurement period, not to exceed one year subsequent to the acquisition date.

     During fiscal year 2011, the Company completed four acquisitions that were not individually, nor in the aggregate significant to the Company's financial position, results of operations and cash flows. The aggregate cash paid for these acquisitions together with cash paid for contingent consideration relating to certain prior period acquisitions during the year ended March 31, 2011 totaled approximately $17.0 million, net of cash acquired. The acquired businesses expanded the Company's capabilities in the medical and infrastructure segments.

     During fiscal year 2010, the Company completed four acquisitions that were not individually, nor in the aggregate significant to the Company's financial position, results of operations and cash flows. The aggregate cash paid for these acquisitions together with cash paid for contingent consideration relating to certain prior period acquisitions during the year ended March 31, 2010 totaled approximately $75.9 million, net of cash acquired. The acquired businesses expanded the Company's capabilities in the medical and automotive market segments.

     Pro forma results for the Company's other acquisitions have not been presented as such results would not be materially different from the Company's actual results on either an individual or an aggregate basis.

Divestitures

     During fiscal years 2012 and 2011, the Company recognized a net gain of approximately $20.0 million and a loss of $11.7 million, respectively, in connection with the sale of certain international entities which was recorded in other charges (income), net, in the consolidated statements of operations. The results for these entities were not significant for any period presented.