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Basis of Financial Statement Presentation (Tables)
3 Months Ended
Jun. 30, 2015
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, 2015 and March 31, 2015 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
 
2015
 
2015
 
Level 1
 
Level 2 (2)
 
Level 3
 
2015
 
2015
 
Level 1
 
Level 2 (2)
 
Level 3
Assets (Liabilities):
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Money markets (1)
$
738

 
$
738

 
$
738

 
$

 
$

 
$
738

 
$
738

 
$
738

 
$

 
$

Total debt
(396,261
)
 
(390,240
)
 
(356,775
)
 
(33,465
)
 

 
(391,371
)
 
(391,283
)
 
(362,988
)
 
(28,295
)
 

NEC TOKIN options,
 net (3)
(23,500
)
 
(23,500
)
 

 

 
(23,500
)
 
5,700

 
5,700

 

 

 
5,700

___________________
(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 based on the borrowing rate 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. 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 thousands):
March 31, 2015
$
5,700

Change in value of NEC TOKIN options
(29,200
)
June 30, 2015
$
(23,500
)
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, 2015
 
March 31, 2015
Raw materials and supplies
$
90,308

 
$
83,372

Work in process
53,657

 
52,759

Finished goods
56,505

 
53,211

 
200,470

 
189,342

Inventory reserves
(16,986
)
 
(17,499
)
 
$
183,484

 
$
171,843