XML 21 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2016
Operating activities:      
Net income (loss) $ 254,529 $ 47,989 $ (53,629)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 49,755 37,338 39,016
Non-cash debt and financing costs 2,467 761 859
(Gain) loss on early extinguishment of debt 486 0 0
Stock-based compensation expense (76,192) (41,643) 16,406
Business combination bargain purchase, gain recognized (130,880) 0 0
Change in value of TOKIN options 0 (10,700) 26,300
Net (gain) loss on sales and disposals of assets (1,200)    
Stock-based compensation expense 7,657 4,720 4,774
Pension and other post-retirement benefits 4,717 2,543 3,013
Change in deferred income taxes 613 (19) 495
Net (gain) loss on write down and disposal of long-lived assets (992) 10,671 375
Write down of receivables 162 64 24
Rent receivable 2,645 0 0
Other, net (71) (327) 306
Changes in assets and liabilities, net of the effect of acquisitions:      
Accounts receivable 30,084 (12) (2,346)
Inventories (13,827) 16,805 3,338
Prepaid expenses and other assets 4,330 (1,769) 13,588
Accounts payable (16,053) 6,170 (5,982)
Accrued income taxes 1,317 144 (382)
Other operating liabilities 113 (1,068) (13,790)
Net cash provided by (used in) operating activities 120,860 71,667 32,365
Investing activities:      
Capital expenditures (65,004) (25,617) (20,469)
Investment in Novasentis (3,000) 0 0
Change in restricted cash 0 0 1,802
Proceeds from dividend 2,745 0 0
Acquisitions, net of cash received (163,985) 0 2,892
Proceeds from sale of discontinued operations 3,400    
Proceeds from sale of assets 3,638 19 971
Net cash provided by (used in) investing activities 102,364 (25,598) (20,588)
Financing activities:      
Proceeds from revolving line of credit 0 12,000 10,000
Payments of revolving line of credit (33,881) (12,000) (9,600)
Proceeds from issuance of debt 334,978 2,314 0
Deferred acquisition payments 0 0 (3,000)
Payment of long-term debt (365,938) (2,428) (481)
Debt issuance costs (5,002) 0 0
Proceeds from exercise of stock options 5,207 1,133 0
Proceeds from exercise of stock warrants 8,838 0 0
Purchase of treasury stock 0 (1,144) (722)
Net cash provided by (used in) financing activities (55,798) (125) (3,803)
Net increase (decrease) in cash and cash equivalents 167,426 45,944 7,974
Effect of foreign currency fluctuations on cash 9,646 (1,174) 668
Cash and cash equivalents at beginning of fiscal year 109,774 65,004 56,362
Cash and cash equivalents at end of fiscal year 286,846 109,774 65,004
Supplemental Cash Flow Statement Information:      
Interest paid, net of capitalized interest 44,905 38,922 39,091
Income taxes paid $ 7,120 $ 4,153 $ 4,892