Basis of Financial Statement Presentation (Tables)

3 Months Ended

Jun. 30, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of assets and liabilities measured at fair value on a recurring basis

Assets and liabilities measured at fair value on a recurring basis as of June 30, 2014 and March 31, 2014 are as follows (amounts in thousands):

	Carrying Value June 30,		Fair Value June 30,		Fair Value Measurement Using						Carrying Value March 31,		Fair Value March 31,		Fair Value Measurement Using
	2014		2014		Level 1		Level 2 (2)		Level 3		2014		2014		Level 1		Level 2 (2)		Level 3
Assets:
Money markets (1)	$	725	$	725	$	725	$	—	$	—	$	714	$	714	$	714	$	—	$	—
Total debt	403,837		416,847		375,413		41,434		—		398,589		409,284		371,863		37,421		—
NEC TOKIN options,  net (3)	7,700		7,700		—		—		7,700		3,600		3,600		—		—		3,600

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(1) Included in the line item “Cash and cash equivalents” on the Condensed 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 6, 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 forecasted 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, 2014	$	3,600
Change in value of NEC TOKIN options	4,100
June 30, 2014	$	7,700

Schedule of components of inventories

Inventories are stated at the lower of cost or market.  The components of inventories are as follows (amounts in thousands):

	June 30, 2014			March 31, 2014
Raw materials and supplies	$	90,524		$	90,968
Work in process	57,768			61,310
Finished goods	62,594			62,522
	210,886			214,800
Inventory reserves (1)	(21,481		)	(26,826		)
	$	189,405		$	187,974

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(1) During the three month period ended June 30, 2013, the Company recorded a $3.9 million reserve for inventory held by a third party.