Debt (Tables)

6 Months Ended

Sep. 30, 2015

Debt Disclosure [Abstract]

Summary of Debt

A summary of debt is as follows (amounts in thousands):

	September 30, 2015			March 31, 2015
10.5% Senior Notes, net of premium of $2,094 and $2,461 as of September 30, 2015 and March 31, 2015, respectively	$	357,095		$	357,461
Revolving line of credit	37,981			33,448
Other	—			462
Total debt	395,076			391,371
Current maturities	(5,000		)	(962		)
Total long-term debt	$	390,076		$	390,409

Schedule of line item Interest expense on the Condensed Consolidated Statements of Operations

The line item “Interest expense” on the Condensed Consolidated Statements of Operations for the quarters and six month periods endedSeptember 30, 2015 and 2014, consists of the following (amounts in thousands):

	Quarters Ended September 30,						Six Month Periods Ended September 30,
	2015			2014			2015			2014
Contractual interest expense	$	9,784		$	9,733		$	19,570		$	19,566
Capitalized interest	(236		)	(74		)	(276		)	(155		)
Amortization of debt issuance costs	348			426			696			852
Amortization of debt (premium) discount	(185		)	(78		)	(366		)	(126		)
Imputed interest on acquisition-related obligations	54			235			107			522
Interest expense on capital lease	46			45			93			84
Total interest expense	$	9,811		$	10,287		$	19,824		$	20,743

Schedule of Line of Credit Facilities [Table Text Block]

he Company had the following activity for the six month periods ended September 30, 2015 and 2014 and resulting balances under the revolving line of credit (amounts in millions, excluding percentages):

	March 31, 2015		Six Month Period Ended September 30, 2015				September 30, 2015
	Outstanding Borrowings		Additional Borrowings		Repayments		Outstanding Borrowings		Rate (1) (2)		Due Date
U.S. Facility (3)	$	21.5	$	6.0	$	3.5	$	24.0	4.500	%	December 19, 2019
Singapore Facility
Singapore Borrowing 1 (4)	12.0		—		—		12.0		2.875	%	November 23, 2015
Singapore Borrowing 2 (3)	—		2.0		—		2.0		2.875	%	January 11, 2016
Total Facilities	$	33.5	$	8.0	$	3.5	$	38.0

	March 31, 2014		Six Month Periods Ended September 30, 2014				September 30, 2014
	Outstanding Borrowings		Additional Borrowings		Repayments		Outstanding Borrowings		Rate (1) (2)		Due Date
U.S. Facility (3)	$	6.4	$	14.3	$	7.5	$	13.2	5.250	%	December 31, 2015
Singapore Facility
Singapore Borrowing 1 (4)	12.0		—		—		12.0		3.500	%	November 23, 2014
Total Facilities	$	18.4	$	14.3	$	7.5	$	25.2

______________________________________________________________________________

(1) For U.S. borrowings, Base Rate plus 1.50%, as defined in the Loan and Security Agreement dated September 30, 2010, as amended, by and among KEMET Electronics Corporation ("KEC"), KEMET Electronics Marketing (S) Pte. Ltd., KEMET Foil Manufacturing, LLC (“KEMET Foil”), KEMET Blue Powder Corporation (“KEMET Blue Powder”), The Forest Electric Company and the financial institutions party thereto (the “Loan and Security Agreement”).

(2) For Singapore borrowings, London Interbank Offer Rate ("LIBOR"), plus a spread of 2.75% and 3.25% as of September 30, 2015 and 2014, respectively.

(3) The amounts that the Company plans to repay within a year are classified as current portion of long-term debt, $3.0 million of the U.S. Facility and $2.0 million of the Singapore borrowings as of September 30, 2015, and $6.8 million of the US Facility as of September 30, 2014.

(4) The Company has the intent and ability to extend the due date on the Singapore borrowings beyond one year.

These were the only borrowings under the revolving line of credit, and as of September 30, 2015, the Company's available borrowing capacity under the Loan and Security Agreement was $18.6 million.