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Investment in NEC TOKIN Equity Investment in NEC Tokin (Tables)
3 Months Ended
Jun. 30, 2016
Schedule of Equity Method Investments [Line Items]  
Reconciliation between NEC TOKIN's net loss and KEMET's equity investment loss
Summarized financial information for NEC TOKIN follows (amounts in thousands):
 
June 30,
2016
 
March 31,
2016
Current assets
$
247,713

 
$
240,427

Non-current assets
263,824

 
260,614

Current liabilities
178,451

 
179,360

Non-current liabilities
364,926

 
335,500


 
Quarters Ended June 30,
 
2016
 
2015
Sales
$
120,510

 
$
114,734

Gross profit
26,546

 
24,668

Net income (loss)
2,350

 
5,255



A reconciliation between NEC TOKIN's net income (loss) and KEC's equity investment income (loss) follows (amounts in thousands):
 
Quarters Ended June 30,
 
2016
 
2015
NEC TOKIN net income (loss)
$
2,350

 
$
5,255

KEC's economic interest %
34
%
 
34
%
Equity income (loss) from NEC TOKIN before adjustments
799

 
1,787

 


 


Adjustments:


 


Amortization and depreciation
(544
)
 
(136
)
Inventory profit elimination
(32
)
 
(66
)
Equity income (loss) from NEC TOKIN
$
223

 
$
1,585

    
A reconciliation between NEC TOKIN's net assets and KEC's investment in NEC TOKIN balance follows (amounts in thousands):
 
June 30,
2016
 
March 31,
2016
Investment in NEC TOKIN
$
15,172

 
$
20,334

Purchase price accounting basis adjustments:
 
 
 
Property, plant and equipment (1)
3,598

 
3,365

Technology (1)
(10,676
)
 
(10,134
)
Long-term debt (1)
(1,910
)
 
(1,975
)
Goodwill
(8,262
)
 
(7,555
)
Indemnity asset for legal investigation
(8,500
)
 
(8,500
)
Inventory profit elimination (2)
403

 
371

Other
(651
)
 
(604
)
KEC's 34% economic interest in NEC TOKIN's net assets
$
(10,826
)
 
$
(4,698
)

(1) Amortized over the estimated lives.
(2) Adjusted each period for any activity.
Related Party Transactions Disclosure [Text Block]
Summarized transactions between KEC and NEC TOKIN are as follows (amounts in thousands):
 
Quarters Ended June 30,
 
2016
 
2015
KEC's sales to NEC TOKIN
$
3,147

 
$
4,855

NEC TOKIN's sales to KEMET
1,872

 
1,478


 
June 30,
2016
 
March 31,
2016
Accounts receivable
$
2,072

 
$
5,220

Accounts payable
1,250

 
1,019

Management service agreement receivable (1)
693

 
748

(1) In accordance with the Stockholders’ Agreement, KEC entered into a management services agreement with NEC TOKIN to provide services for which KEC is being reimbursed.