XML 27 R7.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2014
Operating activities:      
Net income (loss) $ (53,629) $ (14,143) $ (68,503)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Gain on sale of discontinued operations 0 5,644 0
Net cash provided by (used in) operating activities of discontinued operations 0 (679) 336
Depreciation and amortization 39,016 40,768 49,527
Non-cash debt and financing costs 859 2,032 3,596
Gain on early extinguishment of debt 0 (1,003) 0
Equity (income) loss from NEC TOKIN 16,406 2,169 7,090
Change in value of NEC TOKIN options (26,300) 2,100 3,111
Net (gain) loss on sales and disposals of assets 375 (221) 32
Stock-based compensation expense 4,774 4,512 2,909
Non-cash pension and other post-retirement benefits 3,013 2,742 2,642
Deferred income taxes 495 (2,084) (6,369)
Write down of long-lived assets 0 0 4,476
Write down of receivables 24 52 1,484
Other, net 306 (7) (521)
Changes in assets and liabilities:      
Accounts receivable (2,346) 8,220 (4,618)
Inventories 3,338 8,559 14,891
Prepaid expenses and other assets 13,588 (8,404) 3,748
Accounts payable (5,982) (2,879) (2,070)
Accrued income taxes (382) (232) 252
Other operating liabilities (13,790) (7,256) (12,537)
Net cash provided by (used in) operating activities 32,365 24,402 (6,746)
Investing activities:      
Capital expenditures (20,469) (22,232) (32,147)
Change in restricted cash 1,802 11,509 4,047
Acquisitions, net of cash received 2,892 0 0
Proceeds from sale of discontinued operations 0 9,564 0
Proceeds from sale of assets 971 4,788 2,847
Net cash provided by (used in) investing activities (20,588) 3,629 (25,253)
Financing activities:      
Proceeds from revolving line of credit 10,000 42,340 21,000
Payments of revolving line of credit (9,600) (27,342) (2,551)
Deferred acquisition payments (3,000) (19,527) (21,977)
Payment of long-term debt (481) (21,733) (3,599)
Proceeds from exercise of stock options 0 24 250
Purchase of treasury stock (722) (630) 0
Net cash provided by (used in) financing activities (3,803) (26,868) (6,877)
Net increase (decrease) in cash and cash equivalents 7,974 1,163 (38,876)
Effect of foreign currency fluctuations on cash 668 (2,730) 827
Cash and cash equivalents at beginning of fiscal year 56,362 57,929 95,978
Cash and cash equivalents at end of fiscal year 65,004 56,362 57,929
Supplemental Cash Flow Statement Information:      
Interest paid, net of capitalized interest 39,091 39,008 38,809
Income taxes paid $ 4,892 $ 6,611 $ 5,521