Basis of Financial Statement Presentation (Tables)

9 Months Ended

Dec. 31, 2013

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of assets and liabilities measured at fair value on a recurring basis

Assets and liabilities measured at fair value on a recurring basis as of December 31, 2013 and March 31, 2013 are as follows (amounts in thousands):

	Carrying Value December 31,		Fair Value December 31,		Fair Value Measurement Using						Carrying Value March 31,		Fair Value March 31,		Fair Value Measurement Using
	2013		2013		Level 1		Level 2 (2)		Level 3		2013		2013		Level 1		Level 2 (2)		Level 3
Assets:
Money markets (1)	$	504	$	504	$	504	$	—	$	—	$	29,984	$	29,984	$	29,984	$	—	$	—
Total debt	401,895		398,982		358,550		40,432		—		383,500		393,928		369,200		24,728		—
NEC TOKIN options,  net (3)	1,823		1,823		—		—		1,823		489		489		—		—		489

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

(2) The valuation approach used to calculate fair value was a discounted cash flow for each respective debt facility.

(3) See Note 7, Investment in NEC TOKIN, for a description of the NEC TOKIN options.  The value of the options is interrelated and depends

on the enterprise value of NEC TOKIN Corporation and its EBITDA over the duration of the instruments. Therefore, the options have been valued using option pricing methods in a Monte Carlo simulation.

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

The table below summarizes NEC TOKIN option valuation activity using significant unobservable inputs (Level 3) (amounts in thousand):

March 31, 2013	$	489
Increase in value of NEC TOKIN options	1,334
December 31, 2013	$	1,823

Schedule of components of inventories

Inventories are stated at the lower of cost or market.  The components of inventories are as follows (amounts in thousands):

	December 31, 2013			March 31, 2013
Raw materials and supplies	$	94,282		$	84,149
Work in process	61,191			64,499
Finished goods	71,787			68,704
	227,260			217,352
Inventory reserves (1)	(26,407		)	(18,464		)
	$	200,853		$	198,888

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(1) During the nine month period ended December 31, 2013, the Company recorded a $3.9 million reserve for inventory held by a third party.