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Organization and Significant Accounting Policies (Tables)
12 Months Ended
Mar. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of components of accumulated other comprehensive income (loss)
The following summary sets forth the components of accumulated other comprehensive income (loss) contained in the stockholders' equity section of the Consolidated Balance Sheets (amounts in thousands):
 
 
Foreign
Currency
Translation
Gains (Losses)
 
Defined Benefit
Post-retirement
Plan
Adjustments
 
Defined
Benefit
Pension
Plans (3)
 
Ownership Share of Equity Method Investees’ Other Comprehensive Income (Loss)
 
Net
Accumulated
Other
Comprehensive
Income (Loss)
Balance at March 31, 2012
 
$
18,107

 
$
1,995

 
$
(8,082
)
 
$

 
$
12,020

Fiscal year 2013 activity(1)
 
(4,569
)
 
(177
)
 
420

 

 
(4,326
)
Balance at March 31, 2013
 
13,538

 
1,818

 
(7,662
)
 

 
7,694

Fiscal year 2014 activity(2)
 
9,797

 
(354
)
 
276

 
771

 
10,490

Balance at March 31, 2014
 
$
23,335

 
$
1,464

 
$
(7,386
)
 
$
771

 
$
18,184

_______________________________________________________________________________
(1)
Activity within the defined benefit pension plans is net of a tax benefit of $0.7 million.
(2)
Activity within foreign currency translation gains and defined benefit pension plans are net of a tax benefit of $1.9 million and $0.1 million, respectively.
(3)
Balance is net of a tax benefit of $2.2 million, $2.1 million, and $2.8 million as of March 31, 2014, March 31, 2013, and March 31, 2012, respectively.
Schedule of assets measured at fair value on a recurring basis
Assets measured at fair value on a recurring basis as of March 31, 2014 and 2013 are as follows (amounts in thousands):
 
 
Carrying
Value
March 31,
2014
 
Fair
Value
March 31,
2014
 
Fair Value Measurement
Using
 
Carrying
Value
March 31,
2013
 
Fair
Value
March 31,
2013
 
Fair Value Measurement
Using
 
 
 
 
Level 1
 
Level 2(2)
 
Level 3
 
 
 
Level 1
 
Level 2(2)
 
Level 3
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Money markets(1)
 
$
714

 
$
714

 
$
714

 
$

 
$

 
$
29,984

 
$
29,984

 
$
29,984

 
$

 
$

Total debt
 
398,589

 
409,284

 
371,863

 
37,421

 

 
383,500

 
393,928

 
369,200

 
24,728

 

NEC TOKIN options, net (3)
 
3,600

 
3,600

 

 

 
3,600

 
489

 
489

 

 

 
489

_______________________________________________________________________________
(1)
Included in the line item "Cash and cash equivalents" on the Consolidated Balance Sheets.
(2)
The valuation approach used to calculate fair value was a discounted cash flow for each respective debt facility.
(3)
See Note 8, "Investment in NEC TOKIN," for a description of the NEC TOKIN options. The value of the options is interrelated and depends on the enterprise value of NEC TOKIN Corporation and its EBITDA over the duration of the instruments. Therefore, the options have been valued using option pricing methods in a Monte Carlo simulation.
Summary of NEC TOKIN option valuation activity using significant unobservable inputs (Level 3)
The table below summarizes NEC TOKIN option valuation activity using significant unobservable inputs (Level 3) (amounts in thousand):
March 31, 2013
$
489

Change in value of NEC TOKIN option
3,111

March 31, 2014
$
3,600