Organization and Significant Accounting Policies (Tables)

12 Months Ended

Mar. 31, 2019

Summary of components of accumulated other comprehensive income (loss)

The following summary sets forth the components of accumulated other comprehensive income (loss) contained in the stockholders’ equity section of the Consolidated Balance Sheets (amounts in thousands):



	Foreign Currency Translation, net of Tax ⁽¹⁾⁽²⁾			Post-Retirement Benefit Plan Adjustments, net of Tax			Defined Benefit Pension Plans, net of Tax ⁽³⁾⁽⁴⁾			Ownership Share of Equity Method Investees’ Other Comprehensive Income (Loss), net of Tax			Foreign Exchange Contracts, net of Tax			Excluded Component of Fair Value Hedges, net of Tax			Net Accumulated Other Comprehensive Income (Loss)
Balance at March 31, 2017	$	(25,556	)	$	1,134		$	(14,998	)	$	(5,299	)	$	2,907		$	—		$	(41,812	)
Other comprehensive income (loss) before reclassifications	35,271			(64		)	409			5,584			667			—			41,867
Amounts reclassified out of AOCI	—			(191		)	(242		)	—			(2,420		)	—			(2,853		)
Other comprehensive income (loss)	35,271			(255		)	167			5,584			(1,753		)	—			39,014
Balance at March 31, 2018	9,715			879			(14,831		)	285			1,154			—			(2,798		)
Other comprehensive income (loss) before reclassifications ⁽⁵⁾	(19,835		)	81			(1,525		)	(11		)	(1,286		)	(6,383		)	(28,959		)
Amounts reclassified out of AOCI	(4,230		)	(167		)	598			—			698			4,134			1,033
Other comprehensive income (loss)	(24,065		)	(86		)	(927		)	(11		)	(588		)	(2,249		)	(27,926		)
Balance at March 31, 2019	$	(14,350	)	$	793		$	(15,758	)	$	274		$	566		$	(2,249	)	$	(30,724	)

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⁽¹⁾There were no significant tax effects associated with the cumulative currency translation gains and losses as of March 31, 2019, 2018, and 2017.

⁽²⁾ Other comprehensive income (loss) before reclassifications for the year ended March 31, 2018 and the balance at March 31, 2018 adjusted due to the adoption of ASC 606.

⁽³⁾Ending balance is net of a tax benefit of $2.4 million, $2.3 million, and $2.7 million as of March 31, 2019, 2018, and 2017, respectively.

⁽⁴⁾ Activity for the years ended March 31, 2019 and 2018 are net of a tax expense of $0.2 million and $0.4 million, respectively.

Schedule of assets measured at fair value on a recurring basis

Assets and liabilities are measured at fair value on a recurring basis as of March 31, 2019 and 2018 are as follows (amounts in thousands):



	Carrying Value March 31,			Fair Value March 31,			Fair Value Measurement Using							Carrying Value March 31,			Fair Value March 31,			Fair Value Measurement Using
	2019			2019			Level 1		Level 2 ⁽³⁾			Level 3		2018			2018			Level 1		Level 2 ⁽³⁾			Level 3
Assets (Liabilities):
Money markets ⁽¹⁾⁽²⁾	$	60,687		$	60,687		$	60,687	$	—		$	—	$	83,891		$	83,891		$	83,891	$	—		$	—
Derivative assets	5,141			5,141			—		5,141			—		1,154			1,154			—		1,154			—
Derivative liabilities	—			—			—		—			—		—			—			—		—			—
Total debt	(294,471		)	(303,170		)	—		(303,170		)	—		(324,623		)	(343,125		)	—		(343,125		)	—

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⁽¹⁾Included in the line item “Cash and cash equivalents” on the Consolidated Balance Sheets.

⁽²⁾Certificates Deposits of $32.2 million and $33.9 million that mature in three months or less are included within the balance as of March 31, 2019 and 2018, respectively.

⁽³⁾

Summary of NEC TOKIN option valuation activity using significant unobservable inputs (Level 3)