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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2015
Operating activities:      
Net income (loss) $ 47,989 $ (53,629) $ (14,143)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Gain on sale of discontinued operations 0 0 5,644
Net cash provided by (used in) operating activities of discontinued operations 0 0 (679)
Depreciation and amortization 37,338 39,016 40,768
Non-cash debt and financing costs 761 859 2,032
Gain on early extinguishment of debt 0 0 (1,003)
Equity (income) loss from NEC TOKIN (41,643) 16,406 2,169
Change in value of TOKIN options 10,700 (26,300) 2,100
Net (gain) loss on sales and disposals of assets 392 375 (221)
Stock-based compensation expense 4,720 4,774 4,512
Non-cash pension and other post-retirement benefits 2,543 3,013 2,742
Deferred income taxes (19) 495 (2,084)
Write down of long-lived assets 10,279 0 0
Write down of receivables 64 24 52
Other, net (327) 306 (7)
Changes in assets and liabilities:      
Accounts receivable (12) (2,346) 8,220
Inventories 16,805 3,338 8,559
Prepaid expenses and other assets (1,769) 13,588 (8,404)
Accounts payable 6,170 (5,982) (2,879)
Accrued income taxes 144 (382) (232)
Other operating liabilities (1,068) (13,790) (7,256)
Net cash provided by (used in) operating activities 71,667 32,365 24,402
Investing activities:      
Capital expenditures (25,617) (20,469) (22,232)
Change in restricted cash 0 1,802 11,509
Acquisitions, net of cash received 0 2,892 0
Proceeds from sale of discontinued operations 0 0 9,564
Proceeds from sale of assets 19 971 4,788
Net cash provided by (used in) investing activities (25,598) (20,588) 3,629
Financing activities:      
Proceeds from revolving line of credit 12,000 10,000 42,340
Payments of revolving line of credit (12,000) (9,600) (27,342)
Proceeds from issuance of debt 2,314 0 0
Deferred acquisition payments 0 (3,000) (19,527)
Payment of long-term debt (2,428) (481) (21,733)
Proceeds from exercise of stock options 1,133 0 24
Purchase of treasury stock (1,144) (722) (630)
Net cash provided by (used in) financing activities (125) (3,803) (26,868)
Net increase (decrease) in cash and cash equivalents 45,944 7,974 1,163
Effect of foreign currency fluctuations on cash (1,174) 668 (2,730)
Cash and cash equivalents at beginning of fiscal year 65,004 56,362 57,929
Cash and cash equivalents at end of fiscal year 109,774 65,004 56,362
Supplemental Cash Flow Statement Information:      
Interest paid, net of capitalized interest 38,922 39,091 39,008
Income taxes paid $ 4,153 $ 4,892 $ 6,611